Advantages of investing within the free zones in Turkey

Created: 2021-06-15
Last Updated: 2024-05-06
Views: 2289

Content Index

Definition of free zones in Turkey:
Where are the free zones distributed in Turkey?
Advantages of investing within the free zones in Turkey:
The main tasks of the free zones in Turkey:

Turkey is famous for its diverse commercial and industrial relations with foreign countries. We often hear the term free zones for trade exchange and export, so what does it mean and what are its advantages?

Definition of free zones in Turkey:

They are commercial and industrial zones located within the borders of Turkish territory, but they are not subject to the customs laws of Turkey, where sales and purchases are carried out without customs, and these zones were created in order to develop international trade operations and encourage foreign direct investment and make The process is characterized by speed and flexibility, and certainly these areas have been provided with strong infrastructure to serve investments in various forms such as manufacturing, development, storage, programming, trade and many others.

Where are the free zones distributed in Turkey?

Turkey includes a large number of free zones, which are distributed as follows:
On the Mediterranean we find: Free zones in Antalya, Adana.
On the Aegean Sea, we find: Izmir Free Zone, Denizli.
On the Black Sea we find: the free zones of Trabzon, Rize, and Samsun.
In the Southeast Anatolia Region: Gaziantep Free Zone.
In the Inner Anatolia Region, we find: The Free Zone of Kayseri.
- In the Marmara region, we find: Ataturk Airport, Istanbul, Turkey.
- Istanbul, Kocaeli, Bursa Free Zone, TUBITAK MAM Free Technological Zone.

Advantages of investing within the free zones in Turkey:

1- All customs duties and similar fees are 100% exempted.
2- Manufacturers' income tax is 100% exempted.
3- Value added tax and consumption tax are exempted.
4- Stamp fees incurred on the necessary documents are exempted.
5- Real estate tax is 100% exempted.
6- Income tax on employee wages is 100% exempted for companies that produce at least 85% of the value of F.O.B for free zone products.
7- Goods may remain for an indefinite period within the free zones.
8- Profits can be transferred outside Turkey without any restrictions.
9 - The title deed tax is exempted when buying or selling real estate.
10- Value added tax is exempted during all settlement, design and approval processes.
11- An import permit is granted for all used machines.

The main tasks of the free zones in Turkey:

There is a set of basic tasks carried out by the free zones in Turkey, and the most important of them are:
1- Increasing exports of industrial goods and this leads to an increase in foreign exchange earnings.
2- To develop the transit trade.
3- It provides many job opportunities and prepares a qualified and trained cadre.
4- Contribute to reducing the prices of imported materials.
5- Increasing production by increasing the flow of foreign capital and taking advantage of international marketing opportunities and improving management skills.
6- Supporting exporters.
7- Using raw materials and goods of local production in an optimal manner.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.