Compliance · TCMB Reporting
TCMB capital movement & foreign exchange reporting
Every foreign shareholder capital contribution, dividend outflow, share transfer, and qualifying FX transaction must be reported to the Central Bank of Turkey (TCMB) via an authorised bank. Miss a filing and you risk a penalty plus friction on future capital movements.
Who this is for
- Foreign investors making initial capital contribution to a Turkish entity
- Turkish entities paying dividends abroad
- Share transfer transactions between foreign and Turkish parties
- Companies with significant FX inflows/outflows above TCMB thresholds
- Foreign currency loans from non-resident lenders
What's included
- TCMB eligibility determination per transaction type
- Documentation pack preparation (IBAN, FX exchange slip, invoice, contract)
- Coordination with an authorised Turkish bank for TCMB submission
- Foreign Investment Information Form (FIIF) annual filing where in scope
- Capital movement register maintenance
Scope & SMMM disclosure
We deliver the full engagement under SMMM (Certified Public Accountant) scope — preparation, filings, advisory, and ongoing compliance. For YMM certification reports, statutory audits, and court representation we coordinate with vetted partners. You get one point of contact and one invoice.
Frequently asked questions
Which bank handles the TCMB filing?
Any bank you hold an FX account with — most large Turkish banks are authorised. They file on your behalf; we prepare the paperwork.
What are the penalty risks?
Missed or late TCMB filings attract administrative fines and, more importantly, can delay future capital outflows (such as dividend repatriation) until the record is clean.
Related services
Open a Turkish branch or subsidiary of your foreign company
Branch, subsidiary, or liaison office — we walk you through the trade-offs and run the full setup. Three structures, three tax regimes, three exit paths. We pick the right one before we file.
Learn more →Dividend withholding tax for foreign shareholders
Turkey's statutory dividend WHT is 15% (raised from 10% at end of 2024). Most double tax treaties reduce it to 5–10% when you have a valid Certificate of Residence. We file the reduction and issue all documentation.
Learn more →Ready to start?
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