Merge & Acquisitons in Turkey 

Turkey is a great market for investors and international companies with

• Population over 100 million

• Low costs because of exchange rate

• Young and talented workforce.

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Because of these reasons  M&As is becoming more popular every year.

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Of course there are not only positives. There are some difficulties  those foreign companies may need to overcome such as local laws and regulations (Turkey is not a EU Member).

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Examples on IT side

Turkey has it's own GDPR law known as KVKK .​

Law 5651 -About logging Internet activity.

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Examples on Financial side 

Local accounting codes .

Local reporting calendar.

Depending on the gross profit company is subject to 

e-Invoice (B2B)

e- Archive Invoice (B2C)

e-Ledger

e-Delivery Note 

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Examples on Logistics side 

Lack of technical information systems 

Lack of Interfaces with other applications

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Depending on the industry and size local company the local company may not be familiar with SOX or even low level security and compliance standards such as Segregations of Duties or Four Eyes Principal since they may not be mandatory by law.

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Another point to pay attention is high ETAs for shipments. Since Turkey is not EU member ay shipments from a EU country will take reasonable longer  when compared with shipment from a EU to EU member country. This makes Integration processes take longer. 

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As a summary my advise to foreign companies is to work with a consultant or work with a professional.

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