Beginning by 1987, Turkey established a number of Free Zones. Free zones are defined as fenced-in areas in which special regulatory treatment exists for the operating users in order to promote exports of goods and services. Free Zones offer more convenient and flexible business climate in order to increase trade volume and export for some industrial and commercial activities as compared to the other parts of the country. Basic objectives of the Free Zones are promoting export oriented investment and production, accelerating foreign direct investment and technology access, directing enterprises towards export, developing international trade. Currently, the list of zones is as follows:
European Free Trade Zone (EFZ) (www.asb.com.tr), Istanbul-Leather and Industrial Free Zone (www.desbas.com.tr) and Aegean Free Zone (www.esbas.com.tr) are one of the most active and largest Free Zones in Turkey. Free Zones offer ready offices, warehouses, open stock areas, production facilities for rent or sale and lands with ready infrastructure. All kinds of infrastructure services (electricity, water, gas, waste water, purification, communication) are provided by Founder and Operator Companies in accordance with the free zone authority in these areas. In addition to these facilitations, Free Zones also offers construction – undertaking services, catering, IT Services, Maintenance Services, Insurance, Loading/Unloading, Warehousing, Consulting Services, 24-hour Private Security and Conference Halls.
Incentives and advantages of Free Trade Zonesedit
Companies which have an operating licence about "Manufacturing" are 100% exempt from Corporate Tax (20%) and Income Tax (15%-35%).
Free Zones are considered to be outside of the customs border, no Customs Duty, Value Added Tax (VAT) or KKDF (6% over the credit payments) is applied on the goods that enter the zone.
Companies that sell at least 85% of their products abroad are 100% exempt from the income tax payable over salaries of employees.
Due to the Custom Union Agreement between Turkey & EU, Turkish origin goods are in free circulation in EU Market (No Tax between TR & EU)
Companies can freely transfer their profits and earnings to Turkey or any other country.
As Free Zones are outside of the customs border, companies can purchase good from Turkey for export prices. (No VAT)
Infrastructure services are provided exempt from VAT (Electricity, water, Gas, telecommunication)
Companies are free to bring second hand (used) machinery to the Free Zones.
As the transactions within performed with convertible foreign currencies, domestic inflation rate will not influence purchasing and selling activities, inventory control and accounting procedures in general.
The faulty goods can easily be returned to their origin by just issuing an invoice.
Companies can keep their stock duty-free for an unlimited period of time.
list, free, zones, turkey, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, . This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources List of free zones of Turkey news newspapers books scholar JSTOR June 2023 Learn how and when to remove this message Beginning by 1987 Turkey established a number of Free Zones Free zones are defined as fenced in areas in which special regulatory treatment exists for the operating users in order to promote exports of goods and services Free Zones offer more convenient and flexible business climate in order to increase trade volume and export for some industrial and commercial activities as compared to the other parts of the country Basic objectives of the Free Zones are promoting export oriented investment and production accelerating foreign direct investment and technology access directing enterprises towards export developing international trade Currently the list of zones is as follows Below is the list of free zones in Turkey 1 Free zones in Turkey editSN Name Province Foundation date 1 Mersin Free Zone Mersin 1987 2 Antalya Free Zone Antalya 1987 3 Aegean Free Zone 1 Izmir 1990 4 Istanbul Ihtisas Free Zone Istanbul 1990 5 Trabzon Free Zone Trabzon 1992 6 Istanbul Leather Industry Free Zone 2 Istanbul 1995 7 Izmir Free Zone Izmir Menemen 1998 8 Rize Free Zone Rize 1998 9 Samsun Free Zone Samsun 1998 10 Istanbul Tracia Free Zone Istanbul 1998 11 Kayseri Free Zone Kayseri 1998 12 Adana Yumurtalik Free Zone Adana Yumurtalik 1998 13 European Free Zone 3 Tekirdag Corlu 1999 14 Gaziantep Free Zone Gaziantep 1999 15 Bursa Free Zone Bursa 2001 16 Kocaeli Free Zone Kocaeli 2001 17 Denizli Free Zone Denizli 2002 18 Tubitak Free Zone Kocaeli Gebze 2002 19 Bati Anadolu Free Zone Izmir Bergama 2021 European Free Trade Zone EFZ www asb com tr Istanbul Leather and Industrial Free Zone www desbas com tr and Aegean Free Zone www esbas com tr are one of the most active and largest Free Zones in Turkey Free Zones offer ready offices warehouses open stock areas production facilities for rent or sale and lands with ready infrastructure All kinds of infrastructure services electricity water gas waste water purification communication are provided by Founder and Operator Companies in accordance with the free zone authority in these areas In addition to these facilitations Free Zones also offers construction undertaking services catering IT Services Maintenance Services Insurance Loading Unloading Warehousing Consulting Services 24 hour Private Security and Conference Halls Incentives and advantages of Free Trade Zones editCompanies which have an operating licence about Manufacturing are 100 exempt from Corporate Tax 20 and Income Tax 15 35 Free Zones are considered to be outside of the customs border no Customs Duty Value Added Tax VAT or KKDF 6 over the credit payments is applied on the goods that enter the zone Companies that sell at least 85 of their products abroad are 100 exempt from the income tax payable over salaries of employees Due to the Custom Union Agreement between Turkey amp EU Turkish origin goods are in free circulation in EU Market No Tax between TR amp EU Companies can freely transfer their profits and earnings to Turkey or any other country As Free Zones are outside of the customs border companies can purchase good from Turkey for export prices No VAT Infrastructure services are provided exempt from VAT Electricity water Gas telecommunication Companies are free to bring second hand used machinery to the Free Zones As the transactions within performed with convertible foreign currencies domestic inflation rate will not influence purchasing and selling activities inventory control and accounting procedures in general The faulty goods can easily be returned to their origin by just issuing an invoice Companies can keep their stock duty free for an unlimited period of time References edit Republic of Turkiye Ministry of Trade Retrieved from https en wikipedia org w index php title List of free zones of Turkey amp oldid 1188597695, wikipedia, wiki, book, books, library,
