Korunan Muhasebe & Müşavirlik Bürosu

Accounting firm in Istanbul, Turkey

About Korunan Muhasebe & Müşavirlik Bürosu

Founded in 1946 by a former tax auditor in a historic han near the Grand Bazaar, this Fatih accounting and advisory office is now run by the third generation of the family that took it over, with three licensed professionals on staff. It keeps statutory books and reports, prepares returns and financial statements, maintains fixed asset records, builds in-house accounting set-ups for small and medium-sized businesses and files payroll and social security declarations. Its advisory menu covers financial analysis, incentives, mergers, demergers and liquidation, internal audit and tax dispute support. Under other services the office carries out the incorporation of companies with Turkish and foreign partners, including registry filings, obtains establishment permits and completes the legal set-up of liaison offices of foreign companies, opens Turkish branches of companies based abroad and compares the risks and advantages of a branch versus a liaison office. It also handles general assemblies, share transfers, capital changes, transfer pricing and thin capitalisation risk reviews and VAT refund reports.

Services

Incorporation of companies with Turkish and foreign partners and registry filings; liaison office permits and set-up; branches of foreign companies; general assemblies, share transfers, capital increases and reductions, conversions, mergers and liquidation. Bookkeeping, returns, financial statements, fixed asset records, payroll and SGK declarations. Tax and incentive advice, transfer pricing and thin capitalisation reviews, VAT refund and capital reports, internal audit.

  • Company formation: offered
  • Accounting and bookkeeping: offered
  • Tax compliance: offered
  • VAT: offered
  • Payroll: offered
  • Audit: not listed
  • Bank account assistance: not listed
  • Residency and visas: not listed
  • Corporate secretarial: offered
  • Virtual office: not listed

Entity types

  • Sole proprietorship
  • Capital companies
  • Cooperative
  • Association
  • Foundation
  • Foreign-partner company
  • Liaison office
  • Branch of a foreign company

Client focus

  • Sole traders and companies
  • Turkish and foreign-partner companies
  • Foreign companies opening a branch or liaison office

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