Since 1987, the freezones in our country mainly established on the basis of to promote export-oriented investment and production are located as; in Mediterranean coast; Mersin, Antalya and Adana – Yumurtalik Free Zones, in Aegean Region; Denizli and İzmir Free Zones, Marmara Region; İstanbul Industry and Trade, İstanbul Trakya, Europe, Kocaeli, Tübitak-Mam Technology and Bursa Free Zones, in Black Sea region; Trabzon, Rize and Samsun Free Zones, in Southeast Anatolia; Mardin and Gaziantep Free Zones, in Central Anatolia; Kayseri Free Zones are operating.
Free zones in general means, where the legal and administrative regulations concerning the commercial, financial and economic fields applicable in the country are not applied or are partially implemented, where larger incentives for industrial and commercial activities are recognized and physically separated from other parts of the country.
The purposes of establishment of free zones in our country are as follows:; To promote export-oriented investment and production, accelerate foreign direct investment and technology inflow, direct businesses to export, to develop international trade.
Advantages of Free Zones:
100% exemption from customs and other taxes of the same type.
100% exemption from corporation tax for manufacturing companies.
100% exemption from VAT and excise tax.
100% exemption from stamp duty on documents to be issued.
100% exemption from property tax.
100% exemption from income and corporate tax for certain logistics services to be provided from Free Zones, on condition that will be done all abroad.
100% exemption from income tax on employee salary (for companies that export at least 85% of the FOB price of products produced in free zones).
Goods can be kept in free zones without time limitation.
Corporations can transfer freely the profits derived from free trade zones abroad as well as to Turkey without restrictions.
Exemption from title deed fee in property purchase and sale.
VAT exemption in construction, project, settlement, permit and approval processes.
Ready-made infrastructure exempt from VAT and other taxes.
Permission to bring second hand/ used machinery.
Conexio Consulting is a consultancy firm that can help you to benefit the opportunity of your investments if you are interested in the advantages of free zones in Turkey.