Turkish Labor Code, Act No. 4857, enacted in 2003, regulates the working conditions and work-related rights and obligations of employers and employees working under an employment contract. The Code forbids discrimination, including any that is based on language, race, sex, political opinion, philosophical belief or religion.
The Turkish direct taxation system consists of two main taxes on income and earnings. The first one is income tax which individuals are subjected. The second one is corporate tax which corporations are subjected.
The typical working week is ≤45 hours, divided equally across the days of the week unless otherwise agreed (6 days * 7,5 hours). Any working hours that exceed this limit count as overtime, which must be justified by national interest, the nature of the operation or the need to increase output.
Turkey has much to offer for all foreigners who are planning to live in the country. With its infrastructure, the standard of living, the low cost of living, the uncomplicated process of getting work permit or residence permit, currency rate of TL, and advantage of getting Turkish citizenship by investment, living in Turkey is a great idea for all foreign nationals.
Turkey is one of the top markets that receive a significant amount of foreign direct investment from all over the world. Over the last 16 years, Turkey attracted $203 billion in foreign direct investment and 65,341 foreign companies established in the country.