Cost of Doing Business in Turkey
 Turkey's regulatory environment is extremely business-friendly. You can establish a business in Turkey irrespective of nationality or place of residence. The registration and establishment of a company in Turkey can be completed in one day.
One of the most important aspects of Turkey's business environment is that 35.6% of the labor force earn the minimum wage - the highest rate in the EU.
| Minimum Monthly Wage (gross and net) | | USD | | Net minimum wage | 287.85 | | [+]Gross Minimum Wage | 401.75 | | - Social security premium payment (14%) | 56.25 | | - Payment into unemployment insurance fund (1%) | 4.02 | | - Income tax (15%) | 51.22 | | - Stamp tax (0.6%) | 2.41 | | Total deduction | 113.89 | | Cost for Employer | | Gross minimum wage | 401.75 | | - Employer’s share of social security premium (19.5%) | 78.34 | | - Employer's payment into unemployment insurance fund (2%) | 8.03 | | [+] Total Cost for Employer | 488.12 | Source:Ministry of Labor and Social Security of the Republic of Turkey.
Valid until 2009.
USD 1 = TRY 1.5898 as of Nov. 11, 2008. |
| Cost of Electricity | | Cost of Electricity USD/kWh | | | Active Energy | | | Day | Night | | | USD/kWh | USD/kWh | | Double Term Tariff | | Industry mid voltage | 0.09374 | 0.04637 | | Direct connection to the local power grid with private line (industry) | 0.08323 | 0.03612 | | Single Term Tariff | | Mid Voltage | 0.10771 | 0.06022 | | Direct connection to the local power grid with private line (industry) | 0.09825 | 0.05118 | Source: TEDAS, as of Oct. 1, 2008.
USD 1 =TRY 1.5898 as of Nov.11, 2008. |
| Cost of Water for Industrial Use | | Type of Customer | USD/m3 | | | Water | Industrial
Waste Water | Total | VAT (%) | | ISKI (Istanbul Water and Sewage Administration) – Reference price | | Industry | 3.10 | 0.22 | 3.59 | 8 | | Organized industrial zones - Reference price | | Gebze Org. Ind. Zone | 1.87 | n/a | 2.03 | 8 | | Manisa Org. Ind. Zone | 0.31 | n/a | 0.34 | 8 | Source: ISKI, Gebze OIZ and Manisa OIZ, as of Nov. 11, 2008.
USD 1 =TRY 1.5898 as of Nov.11, 2008. |
| Cost of Natural Gas for Industrial Purposes1 | | Price per kWh (USD) | | Non-Free Consumer | Free Consumer | | 0.054202 USD/kWh | 0.048442 USD/kWh | Non-Free Consumer: The group of consumers that has to purchase gas from the local supplier company.
Free Consumer:The group of consumers that consumes more than 1 million m3 annually and that is eligible to purchase gas from other suppliers. | Source:IGDAS, as of Nov. 1, 2008.
USD 1 =TRY 1.5898 as of Nov.11, 2008. |
| Domestic and Business Phone Calls (VAT & SCT* included) | | [+]Business Line | | SirketHATT | Price –USD/min. | | - Monthly fixed fee | 26.38 | | - Monthly free phone calls | 0 | | [+] Phone calls based on call direction | | - City calls | 0.042 | | - City calls (discount price) | 0.021 | | - Domestic calls | 0.059 | | [+] International | | - First stage PSTN | 0.060 | | - First stage GSM | 0.305 | | - Second stage PSTN | 0.169 | | - Second stage GSM | 0.305 | | - Third stage PSTN | 0.566 | | - Third stage GSM | 0.566 | | - Fourth stage PSTN | 1.033 | | - Fourth stage GSM | 1.033 | - GSM Calls (Turkcell: 053.- Vodafone: 054.–
Avea: 050. & 055.) | 0.190 | | [+] Internet | | G.SHDSL | | Download and upload speed (Kbps) | USD/month, VAT and SCT included | | 256 | 66 | | 512 | 108 | | 1024 | 177 | | 2048 | 297 | | Metro Ethernet | Requirements specific | | ADSL | Various packages | *SCT: Special Communication Tax
Source: Türk Telekom, as of Nov. 11, 2008.
USD 1 =TRY 1.5898 as of Nov.11, 2008. |
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