A Turkey resident considering Hong Kong formation should review current Turkish rules for foreign income and the founder's specific eligibility. Recent guidance on exemptions makes it especially important not to rely on an old general statement about foreign earnings.
Identify the income and taxpayer Distinguish company profits, dividends received by an individual, employment income and other payments. The Turkish Revenue Administration's guidance explains conditions for relevant foreign income treatment. Ask a qualified adviser which rules apply to the particular taxpayer and period.
An exemption described for one category should not be extended to every receipt from a Hong Kong company. Keep evidence supporting any claimed conditions and deadlines.
Explain the management arrangement Record where the company is run and where its work occurs. If the founder remains in Turkey, disclose that reality to advisers and financial providers. A local Hong Kong administrative service does not by itself change the place of management.
Plan currencies and documentation Match customer currencies with intended receiving and payment routes. Keep original invoices, exchange records and ownership documents. Confirm any required translation or certification before paying for it.
For a founder selling online services from Turkey, separate the company's contractual role from the services performed locally. For goods, also map stock and delivery countries.
Use a current, fact specific review before choosing the structure. Hong Kong incorporation can be coordinated remotely, but the continuing obligations in both places need to be understood and budgeted from the start.
Sources and scope
General information, not advice for your individual legal or tax position. Confirm current requirements with the relevant authority or provider.