Frequently Asked Questions
Technopark Consultancy
What does technopark consultancy cover?
We manage technopark application processes and project writing, financial and technical maintenance, portal management, annual financial and technical procedures, risk assessment studies and reporting end to end.
How long does the technopark application process take?
The application timeline varies depending on the speed of project preparation and completion of portal procedures. The process is managed efficiently through complete preparation of required documents and portal monitoring.
Which companies can benefit from technopark incentives?
Companies operating in technoparks and conducting R&D and software-focused projects can benefit from incentives and exemptions. Meeting application requirements and proper process management are essential.
Why is annual financial and technical reporting important?
Annual financial and technical applications must be reported in compliance with regulations for the continuation of technopark status. Incomplete or incorrect reporting may result in the loss of incentive rights.
Independent Audit
Which frameworks does the independent audit cover?
We carry out audits under IFRS, audits of entities subject to CMB (SPK) standards, independent audits of EMRA (EPDK) regulated companies and special purpose independent audits.
Under which standards is independent audit conducted?
Independent audit work is carried out within the IFRS framework, under relevant regulations for entities subject to CMB standards, and in accordance with sectoral legislation for companies subject to EMRA. Special purpose audit and investor reporting services are also provided.
To whom is the audit report presented?
The independent audit report is presented to the company's general assembly and board members, domestic and international investors, financial institutions, and other stakeholders. Reports contain transparent, reliable, and internationally recognized financial data and information.
What is special purpose independent audit?
Special purpose independent audit refers to audit work conducted by companies in response to a specific need or request. Such audits are typically performed for investor reporting, reporting to financial institutions, or financial evaluation for special projects.
Mergers and Acquisitions Processes
Which side do you work with in M&A processes?
We provide process management consultancy for both transferee and transferor parties; we carry out financial, tax and legal due diligence for either side and support post-transfer integration processes.
In which areas are due diligence services provided?
Due diligence services are provided in three core areas: financial, tax, and legal. Comprehensive review and assessment are conducted for both the acquirer and the target party.
What support is provided during post-transaction integration processes?
Advisory services are provided during post-transaction integration processes to ensure operational, financial, and administrative alignment. Process management and implementation guidance are offered.
For which parties is process management advisory provided?
Process management advisory is provided for both the acquirer and the target party. Planning and guidance are tailored to the needs of both parties.
Tax Planning Consultancy
How does tax planning consultancy work?
We analyse your processes and transactions under all tax laws, plan your taxes with the most suitable methods, provide unlimited legislation support and build the system through which you make proper use of public support and incentive schemes.
Which types of taxes does tax planning advisory cover?
Our service includes the analysis of processes and transactions under all tax laws. Your corporate tax, value-added tax, income tax, and other tax obligations are addressed holistically to achieve optimal planning.
How is benefiting from incentive processes ensured?
Your company's activities and structure are analyzed to identify the public support and incentive programs for which you are eligible. Subsequently, a system is established to benefit from these incentives in the most appropriate manner, and full support is provided throughout the application processes.
What does unlimited regulatory support mean?
Within the scope of tax planning advisory, all changes in tax legislation are continuously monitored, and you are immediately informed of updates relevant to your business. You receive uninterrupted advisory support for any regulatory questions you encounter.
Turquality Consultancy
Who can benefit from Turquality consultancy?
We provide preparation and corporate transformation consultancy to companies planning to apply to the programme, and export incentive consultancy, sustainable incentive management and support optimisation for companies already in the Turquality / Brand Programme.
At which stages does Turquality advisory provide support?
Our advisory service operates on two main axes: preparation and corporate transformation advisory for companies applying to the program, and export incentives advisory and sustainable incentive management for companies participating in the Turquality or Brand Program. Solutions tailored to your company's needs are provided at both stages.
What does corporate transformation advisory cover?
For companies applying to the program, the corporate structure is aligned with Turquality requirements, necessary documentation is prepared, and the application process is managed. The process begins with an analysis of the company's current situation and continues until the application is completed.
How is support provided to companies in the program?
For companies participating in the Turquality or Brand Program, export incentives are monitored, support optimization is conducted, and a sustainable incentive management system is established. This enables companies to benefit most effectively from incentive mechanisms and regularly monitor their processes.
Tax and Audit
What areas do your tax and audit services cover?
Our services cover regulations and regulatory compliance, VAT refund services, tax and financial process audits, due diligence audits, attestation services, special audits, and international tax advisory. Each area is customized and delivered according to your company's needs.
How do you provide support in the VAT refund process?
Within the scope of our VAT refund service, advisory is provided at all stages from preparation of your refund application to monitoring of the application process. Compliant documentation and process management aim to ensure smooth progress of your refund process.
In what situations is international tax advisory necessary?
International tax advisory is essential for companies conducting multinational operations, holding foreign subsidiaries, or executing cross-border transactions. Guidance is provided on transfer pricing, double taxation treaties, and global tax compliance matters.
Industrial Property Rights and Exemptions
What is tax exemption for patents and utility models?
Commercialized patents and utility models may benefit from tax exemptions under certain conditions. Within this scope, an exemption analysis is conducted to assess eligibility, and the necessary application processes are managed.
What documents are required?
Patent or utility model registration certificates, commercialization agreements, and financial statements are the fundamental documents. All documents required during the process are identified during the analysis phase and communicated to you.
How long does the advisory process take?
The duration varies depending on the size of the portfolio and the commercialization status. Following the initial analysis, an estimated timeline and roadmap are shared, and regular updates are provided.
Corporate Finance Consultancy
How long does the due diligence process take?
The duration varies depending on the target company's size, field of activity, and volume of documents to be reviewed. It typically takes between several weeks and several months to complete. A detailed timeline is determined during the preliminary assessment phase.
What methods are used for company valuation?
Company valuation is performed taking into account the business's financial data, industry conditions, and future expectations. The method to be used is determined according to the company's structure and transaction purpose.
What areas of support are provided during the M&A process?
Comprehensive advisory services are provided in target company assessment, tax and financial reviews, company valuation, negotiation management, and process coordination. Professional guidance is provided at all stages.
R&D / Design Center Consultancy
What is the difference between an R&D Center and a Design Center?
Both centers are regulated under Law No. 5746 and benefit from similar incentives. An R&D Center focuses on technology and product development-oriented research activities, while a Design Center focuses on industrial design and aesthetic development studies.
What incentives and advantages can I benefit from?
Under Law No. 5746, advantages such as R&D and Design Deduction, Income Tax Exemption, Social Security Employer's Share Incentive, Stamp Tax Exemption, Customs Duty Exemption, and VAT Exemption on new machinery and equipment purchases are provided. The rates and conditions for benefiting from incentives vary according to the criteria specified in the legislation.
How long does center establishment take?
The establishment period varies depending on the company's state of readiness, documentation deficiencies, and the post-application evaluation process. After the analysis and application preparation are completed, the evaluation process of the relevant authorities is monitored, and the center becomes operational once approval is obtained.
Financial Advisory and Accounting Solutions
How does R&D Center or Design Center accounting differ from standard accounting?
Companies with R&D Center and Design Center status require separate tracking of expenditure and revenue items due to special incentive and exemption applications. CND Denetim provides bookkeeping and reporting services tailored to these special statuses.
How are tax return and social security declaration deadlines monitored?
Tax return and declaration deadlines specified in the statutory calendar are regularly monitored; required documents are prepared on time and submitted to the relevant authorities. The risk of delays is minimized through sworn financial advisor support throughout the process.
What stages does accounting system setup cover?
Steps include selection of accounting software appropriate to the company's needs, creation of chart of accounts, opening of books, and determination of financial reporting formats. Regular recording and reporting services continue after setup.
Cost Determination and Feasibility Studies
How long does a cost and feasibility study take?
The duration varies depending on the size of your project and data preparation. On average, the data collection, analysis, and reporting stages can be completed within a few weeks. Providing the required documents and information completely expedites the process.
For which institutions can reports be prepared?
Feasibility reports can be prepared for incentive applications to public institutions, investment projects to be presented to private sector organizations, or internal budget and planning studies. Reports are prepared taking into account the format and content expectations of each institution.
What elements are included in the feasibility report?
Elements such as investment costs, operating expenses, market analysis, financial projections, and risk assessments are included in the report. The content is detailed and customized according to the requirements of the institution to which it will be submitted.
Regulatory Compliance and Risk Management
In which situations are transfer pricing services required?
Businesses conducting transfers of goods, services, or intellectual property between related parties are required to fulfill documentation and reporting obligations under the arm's length principle. Our transfer pricing service covers the preparation of these documents and ensuring regulatory compliance.
What topics are addressed within the scope of internal audit services?
Our internal audit service evaluates the effectiveness of your company's financial reporting processes, internal control systems, and operational activities. Identified risks and improvement recommendations are reported and presented to management at the conclusion of the process.
How is the advisory process conducted in tax disputes?
Within the scope of tax dispute advisory, the legal and technical dimensions of the conflict are analyzed, and negotiations with the tax authorities and application processes are managed. Professional support is provided to our clients during settlement, litigation, and appeal stages.


