top of page

Question & Answers

Sanctions & Compliance

Q. Can Swiss or EU-based companies still do business with Russian entities?
​
A. Only under strict conditions. EU and Swiss sanctions prohibit or heavily restrict trade
in specific goods and services with Russia. Each transaction must be assessed
individually for compliance with export bans, financial sanctions, and end-user restrictions.
Q. What are the risks of violating Russia-related sanctions as a business owner?

A. Violations may lead to severe penalties, including asset freezes, reputational damage,
and criminal liability. We help our clients perform due diligence and implement internal compliance systems to avoid exposure.
Q. Is it legal to trade with Russian counterparties via a Turkish company?

A. While Turkey is not part of EU sanctions, Swiss or EU-linked businesses must still
ensure that indirect trade does not violate “circumvention” clauses. Transparency and documentation are key. We advise on legal structuring to reduce risk.
Q. Can a Turkish entity legally supply dual-use goods to Russian clients?

A. Turkey has not adopted EU sanctions but has increased scrutiny over dual-use items. Exporters should be prepared for tighter controls and possible indirect consequences.
We assist with product classification and licensing risk analysis.
Q. How can we ensure our supply chain is not unintentionally exposed to sanctioned
actors?

A. Through a combination of third-party screening, Know Your Customer (KYC)
procedures, and route tracing. Karadag Consult offers tailored risk assessments and compliance reviews.

Business Opportunities in Turkey

Q. Is Turkey a viable alternative hub for accessing Eurasian markets?

​A. Absolutely. With its strategic location, customs union with the EU, and robust logistics infrastructure, Turkey is a cost-effective and agile base for serving markets in Central
Asia, the Middle East, and Russia.
Q. What are the main advantages of doing business in Turkey today?

A. Key advantages include competitive labor costs, a young and skilled workforce,
favorable tax incentives in special industrial zones, and growing demand for nearshoring from Europe and Asia.
Q. Can foreign nationals fully own companies in Turkey?

A. Yes. Foreign investors can hold 100% ownership in most sectors. We assist with
company formation, tax registration, and local regulatory compliance.
Q. Are there tax incentives for foreign investors in Turkey?

A. Yes. Incentives include VAT exemptions, customs duty reductions, and income tax relief depending on the region and sector. KaradaG Consult helps clients navigate the incentive landscape.
Q. Can a Swiss company open a branch or subsidiary in Turkey?

A. Yes. It’s a straightforward process when handled correctly. We guide Swiss clients
through every step, from legal setup to banking, HR, and operational planning.
bottom of page