Türkiye combines an EU-facing operating environment with one of the most competitive cost bases in its region. These are the numbers that matter when you budget a Turkish operation in 2026.
Last reviewed: August 2026
The statutory minimum wage for 2026 is TRY 33,030 gross / TRY 28,075.50 net per month. With employer social security contributions added (16.75% in manufacturing with incentives, 19.75% in other sectors), the total employer cost of a minimum-wage employee is roughly TRY 39,200–40,200 per month — a fraction of comparable EU labour costs. Skilled professional salaries scale up from there but remain highly competitive against Western Europe, particularly in engineering, back-office and shared-services roles.
| Item | Indicative price (2026) |
|---|---|
| Industrial electricity | USD 85–130 / MWh (incl. VAT), by consumption band |
| Industrial natural gas | ≈ USD 0.046 / kWh for large-volume users |
| Water | USD 0.12–0.93/m³ in organised industrial zones; USD 1.74–2.13/m³ municipal |
Organised industrial zones (OSB) and free zones offer materially cheaper utilities and land than city-centre locations, plus their own incentive layers.
A service company does not need physical premises to incorporate: a registered address (virtual office) in Ankara or İstanbul satisfies the legal requirement, with official mail handling included. This keeps fixed overheads for a new market entry close to zero until the business case justifies physical space.
Recurring administrative costs are modest and predictable: monthly bookkeeping and payroll administration, annual e-ledger and e-invoice infrastructure, and statutory filing costs. On a platform model these are bundled into a flat monthly fee tiered by transaction volume — so quiet months cost less, and there are no per-filing surprises.
Transparent USD/EUR pricing, English-speaking team, fully remote process. Around 90% of our 450+ clients are foreign-owned companies.
See Services & Pricing →LLC vs JSC, minimum capital, timeline, documents and costs — the full setup guide.
Corporate tax 25%, VAT at 1/10/20%, payroll, withholding and the filing calendar.
Tax breaks, R&D and technopark benefits, free zones and HIT-30.
Market size, growth, EU Customs Union access and talent.
This guide is for general information only and does not constitute tax, legal or investment advice. Figures are periodically reviewed and may change; verify current rates with official sources. Compiled from public data of the Investment Office of the Presidency of Türkiye (invest.gov.tr) and Turkish official gazette announcements. yenisirketim.com is a technology and business support platform; statutory accountancy services are performed by independent licensed professionals.