The cost of Umbrella Company Turkey is cheaper than in Europe. This country has important assets in many sectors. Recognised as the global showcase of aeronautics, Turkey, the 17th world power, has many projects for 2023 (notably the 100th anniversary of the Turkish republic founded Mustafa Kemal Ataturk). It must be known that air traffic has expanded for ten years, seeing a six-fold increase. Turkish Airlines will see the number of its planes in its fleet increase to 400 by 2020.
With its Turkish Aerospace Industries (TAI), Turkey has an internationally recognised showcase in the field of aeronautics.
This growth attracts many foreign SMEs attracted by this Turkish ambition to become a leading industrial player producing its own hardware. Not to mention the low price of Umbrella Company Turkey.
The Turkish industry in this field is rising and is investing heavily in R&D.
However, this country needs foreign investment and to create free zones.
The cost of Umbrella Company in Turkey
Case study :
A European company specialising in aircraft construction wants to import production parts produced in Turkey. To carry out its project, the company needs a local employee who can buy the components in question at the best price.
This buyer will work for company A by negotiating with the manufacturers of the materials that he/she wishes to import.
But how can company A recruit in Turkey when it does not have a legal structure there? Should he/she open a company specifically to employ a buyer? The cost as well as the investment involved in opening a legal on-site company would be far too high for the recruitment of a single employee.
Hence the interest of Umbrella Company Turkey.
Here, company B will directly employ this employee who will work for company A.
This Payroll Company :
– will edit employee pay slips
– pay his/her salary
– will take care of all the administrative and legal procedures at a low Turkish carry price
– pay social and employer contributions
Company A, which is based abroad will have no other duties than to give instructions to its Turkish employee.