Reuters reports that this follows fears about future censorship following the granting of powers last month to the regulator RTUK to oversee all online content, including streaming platforms and news outlets.
It adds that Ebubekir Sahin, the president of RTUK, said that Netflix is one of over 600 companies that have applied for licences.
The others include Puhu TV, Blu TV, Turkcell, Vodafone, Digiturk and Tivibu.
Netflix will now be required to set up a local entity and pay 0.5% of its revenues to the Turkish government.
It is currently in talks with the authorities in Spain and Turkey to pay a similar levy.
Netflix has 1.5 million subscribers in Turkey and reaches around 10% of the country’s broadband market.
Broadband TV News notes that Netflix has always seen Turkey as one of its priority markets. It launched a localised service and entered into its first partnership, with the mobile provider Vodafone, in September 2016.