A Shareholder of an incorporated company in Turkey is also the Chairman of the Board but he does not get paid.
Is he required to register for mandatory state social security?
The mandatory state social security of the partners who are also the board members of incorporated companies also starts on the start date of their board membership. It is required for company officials to notify the social security institutions within 15 days following the starting date.
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
