Cost Doing Business In Turkey

COST DOING BUSINESS IN TURKEY

Minimum Monthly Wage (gross and net)
	USD
Net minimum wage	358
[+] Gross Minimum Wage	453
- Social security premium payment (14%)	63
- Payment into unemployment insurance fund (1%)	5
- Income tax (15%)	58
- Minimum living allowance*	-33
- Stamp tax (0.6%)	3
Total deduction	96
Cost for Employer
- Gross minimum wage	453
- Employer’s share of social security premium (19,5%)**	88
- Employer's payment into unemployment insurance fund (2%)	9
[+] Total Cost for Employer	551
* For single individuals without children and may vary according to marital status and number of children. Upon certain conditions, as an incentive, a five-point reduction in this rate is possible (down from 19.5% to 14.5%). Thereby, the total cost for the employer may be reduced to USD 528. Source:** Ministry of Labor and Social Security of the Republic of Turkey Valid for the second half of 2009 USD 1 = TRY 1.53 as of June 2009

Cost of Electricity
Cost of Electricity USD/kWh
	Active Energy
	Day	Night
	USD/kWh	USD/kWh
Double Term Tariff
Industry mid voltage	0.0957	0.0481
Direct connection to the local power grid with private line (industry)	0.0838	0.0364
Single Term Tariff
Mid voltage	0.1097	0.0620
Direct connection to the local power grid with private line (industry)	0.0989	0.0516
Source: Turkish Electricity Distribution Company - TEDAS, as of April 3, 2009 USD 1 =TRY 1.53 as of June 2009

Cost of Water for Industrial Use
Type of Customer	USD/m³
	Water	Industrial Waste Water	Total	VAT (%)
ISKI (Istanbul Water and Sewage Administration) – Reference price
Industry	3.13	0.22	3.62	8
Organized Industrial Zones (OIZs) - Reference price
Gebze OIZ	1.95	N/A	2.11	8
Manisa OIZ	0.33	N/A	0.35	8
Source: Istanbul Water and Sewerage Administration - ISKI, Gebze OIZ and Manisa OIZ, as of March 3, 2009 USD 1 = TRY 1.53 as of June 2009

Cost of Natural Gas for Industrial Purposes
Price per kWh (USD)
Non-Free Consumer	Free Consumer
0.038 USD/kWh	0.032 USD/kWh
Non-Free Consumer: Those that have to purchase gas from the local supplier- Free Consumer: Those that consume more than 1 million m³ annually and are eligible to purchase gas from other suppliers
Source: Istanbul Gas Distribution Company - IGDAS, as of June 1, 2009 USD 1 = TRY 1.53 as of June 2009

Domestic and Business Phone Calls (VAT & SCT* included)
[+] Business Line
SirketHATT	Price – USD/min.
- Monthly fixed fee	27.44
- Monthly free phone calls	0
[+] Phone calls based on call direction
- City calls	0.044
- City calls (discount price)	0.022
- Domestic calls	0.062
[+] International
- First stage PSTN	0.063
- First stage GSM	0.317
- Second stage PSTN	0.176
- Second stage GSM	0.317
- Third stage PSTN	0.589
- Third stage GSM	0.589
- Fourth stage PSTN	1.075
- Fourth stage GSM	1.075
- GSM Calls	0.198
[+] Internet
G.SHDSL
Download and upload speed (Kbps)	USD/month, VAT and SCT included
256	69
512	112
1024	185
2048	309
Metro Ethernet	Requirements specific
ADSL	Various packages
SCT: Special Communication Tax Source:* Turk Telekom as of June 23, 2009