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by washedupsysadm
1388 days ago
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Great suggestions, thanks! > You can always create an LLC in the US and work for it remotely. So your employer pays a contractor (your LLC), LLC pays you dividends. Talk to an accountant in Turkiye, but I doubt there will be any taxation difficulties with the foreign income. You can get an LLC in Turkiye as well, by the way. I do already have an LLC, trying to give it more of a web presence now & add more projects to my GitHub account. As an aside, starting up a small solo business in Turkiye as a single foreigner is impossible. The requirements of immediately hiring 3 Turks makes it a non-starter as a solo consultant. It's funnier in that still can't work here legally, even owning a company, until I've hired some # of people. Also my company has to be owned like 50% or 49% by Turks. Dubai, however, isn't my thing as a bisexual atheist who likes cold wet weather, beer and cannabis :) Thanks! |
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It is a big surprise to me that TR requires 50% ownership by locals. Unless it is a very new requirement, I think you are misreading it or something. I know quite a few foreigners which had no problems with opening companies in TR, in freezones and outside.
Edit: I just asked, my friend has no idea why you think it is impossible to open a company being a sole founder. It takes just 3 days and it is a straight-forward process. I am genuinely concerned that whoever is advising you there is misleading you.