All You Need To Know About Serviced Offices in Turkey
Emerging markets always attract the attention of global capital, as well as private individuals looking to invest in Turkey from all around the world. It could be easier for a major big scale company to establish its body in a company building offering serviced offices in Turkey.
Related Article: What is a Serviced Office Space?
Why a Property Consultant in Turkey?
The vast majority of big-scaled companies and investors already have their global partners in solutions that provide them local guidance. It’s a good idea to save time and money by using the right partner in the solution to evaluate the local conditions.
You may use these services to find the right solution for your residency, office for your start-up, or hopefully enlargement of your business. Even if the commercial body that you are involved in has a global solution partner, it’s a very high probability that the local team of that partner can be specialized in commercial properties only, and can’t help you with your residential demands as much as required. In such a case, the best option for you would be working with a recommended local property consultant in Turkey who deals with serviced offices in Turkey.
Offıce Options for Start-Ups, Liaison Offices or Your First Offıce in Turkey: Serviced Offices in Turkey
London has West-End and City, Paris has Avenue des Champs-Élysées, and Istanbul has Esentepe-Levent district for business. Maslak in the European Side, Kozyatagi and West Atasehir district in the Anatolian side. These are the main Central Business Districts and are expected to remain to be so for centuries.
Due to the nature of developments, office units in these districts begin with apps. 225 sum (gross), therefore their costs may be a bit more than what you may desire.
On top of this, there is a unique issue for Turkey; “withholding tax.” The vast majority of these office units belong to private individuals which is a situation that compels the tenant to pay 25% of the net rent amount on behalf of the landlord to the related tax office and is definitely not deductible from the tenant’s tax debts. Thus, serviced offices in Turkey are much more economic.
On the other hand, any property owned by a company or sub-leased by one (which is an extremely rare case) or leased by a serviced office operator is subject to 18% VAT, which is totally deductible from tenant’s rent debts; which offers the tenant 25% advantage comparing to an individual office unit.
The Most Efficient And Cost-Saving Solutions: Serviced Offices in Turkey
Not only the tax advantages but by providing the top-quality office furniture, overall service charges for security, air conditioning, and ventilation, reception services, and even electricity, water, and internet consumption costs; serviced offices in Turkey promise the most efficient and cost-saving solutions for your business in Turkey.
There are several serviced office providers in Turkey, as well as office buildings with individual office units. To find the best solution for your needs or the individual office unit that you may require, it’s essential to ask for proper guidance for local solutions. Our law firm in Turkey can help you with this.