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Incentives Offered in the Turkish Free Zones

• Turkish Free Zones are tax free zones. Income generated through activities in the in the Zones are exempted from all kinds of taxes including income, corporate and value-added tax.
• Free Zones earnings and revenues can be transferred to any country, including Turkey, freely without any prior permission and are not subject to any kind of taxes, duties and fees.
• There is no limitation on the proportion of foreign capital participation in investment within Free Zones.
• The maximum period for an operating license is 99 years.
• In contrary to most Free Zones of the world, sales into the domestic market are allowed in the Turkish Free Zones.
• Currencies used in the Zone are convertible foreign currencies accepted by the Central Bank of Turkey.
• Strikes and lock-outs are prohibited for a period of ten years from the date of operation of each zone.
• Infrastructure of the Turkish Free Zones is comparable with the international standards.
• Favorable land leasing tariffs and long range leasing possibilities for zone users are available.
• Skilled and unskilled labor forces, with relatively low wage rates, are available.
• Red tape and bureaucracy have been minimized during application and operation phases by authorizing only one agency in charge of these procedures.
• The geographical location of Turkey provides significant advantages to the Turkish Free Zones.
• Turkish Free Zones are adjacent to the major Turkish Ports on the Mediterranean, Aegean and Black Seas. In addition, they were established within easy access from international airports and highways.
• There is no procedural restrictions regarding price, standards or quality of goods in the Turkish Free Zones.
• In the Turkish Free Zones, Municipality Law, Passport Law, Foreign Investment and Encouragement Law, and all other articles of laws contrary to the provisions of the Free Zones Law, shall not be applicable.