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I am planning to open a company in turkey. citizen how can

Customer Question

hi i am planning to open a company in turkey. i am British citizen how can this affect me.
king regards
Submitted: 9 months ago.
Category: Tax
Expert:  bigduckontax replied 9 months ago.

Hello Abdullah, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

Where do you reside?

Customer: replied 9 months ago.
I am a UK British resident.
Customer: replied 9 months ago.
I am.planning to move my factory to turkey. Just want to know how does the tax etc affect .
Expert:  bigduckontax replied 9 months ago.

The company will be a separate legal entity to you and will be subject to Turkish Corporate Income Tax. Any distribution to you by way of emoluments or dividends may be subject to UK Income Tax at your marginal rate.

I would love to be able to talk to you, but I am answering your question from a base 6 hour ahead of BST making telephonic communication both impractical and expensive.

I do hope that you have found my reply of assistance.