How Can Company Profits and Capital in Turkey Be Transferred Abroad?

Overseas Companies and Compliance

Prepared by: Constantinople

Law No. 4875 permits foreign investors to transfer abroad amounts such as net profits, dividends, sale proceeds and liquidation proceeds arising from their investments in Turkey. Freedom of transfer does not, however, mean that all company money can be sent to a shareholder's personal account without a legal basis or tax consequences. The legal basis of the payment and its actual recipient must first be identified.

For profit transfers, the distributable amount, necessary corporate resolution and financial records are examined together. The Central Bank of the Republic of Turkey's Circular on Invisible Transactions dated 18 May 2026 explains the tax and documentation requirements for profit transfers through banks. Tax returns, balance sheets, profit distribution statements and tax records may be required; as some provisions allow certain documents to be submitted later, the same submission sequence cannot be assumed for every transaction.

The return of capital, share sale proceeds and liquidation distributions are not the same as profit distribution. Company law requirements for reducing company capital or terminating an investment must also be satisfied. Having a sufficient bank balance does not remove these requirements. Tax withholding and treaty application are assessed according to the recipient's circumstances and the nature of the payment; no assurance is given based on a single rate.

Prepare the company records, the basis of the payment and the bank's document request together. The legal basis for the transfer and any missing corporate resolutions are shown separately in the written assessment produced by the paid review.

File review is a paid service. The scope and fee are set out in writing before work begins.