Skip to main content

Turkish Free Zones & Advantages

Free zones can be described as sites considered to be outside the customs area although they are inside the political borders of the country. Within these free zones, legal and administrative regulations in commercial, financial and economic fields applicable in the rest of Turkey are either not implemented at all or are partially implemented, more extensive incentives are given for industrial and commercial operations.

The Directorate General of Free Zones was founded in 1983 within the organization of the Prime Ministry. Later in 1994, the Directorate General of Free Zones was included into the organization of the Undersecretariat of Foreign Trade of the Prime Ministry since the Undersecretariat of Treasury and Foreign Trade was divided into two. However, this Decree was canceled. Thereafter, as the result of the reorganization of two Undersecretariats as the Undersecretariat of Foreign Trade and the Undersecretariat of Treasury, with Law Nr. 4059, in 1994, the Directorate General of Free Zones began to carry out its activities within the structure of the Undersecretariat of Foreign trade.

In general, all kind of activities can be performed in Turkish Free Zones such as:

  • Research and Development (R&D),
  • Manufacturing, Software,
  • General trading,
  • Storing,
  • Packing,
  • Banking and insurances

Hereinbelow the advantages of investing in Turkish Free Zones such as:

  • Opportunity to Benefit from Tax Advantages for Manufacturer Users             
  • Until the end of the taxation year including the date Turkey becomes a full member of the European Union, the earnings of the manufacturer users, generated through the sales of the goods they produced in the free zones, are exempted from the income or corporate taxes.
  • Opportunity of Medium and Long Term Planning                                                  
  • 15, 20, 30, 45 and 49 years licencing  
  • Opportunity to Transfer Profits                                                                             
  • Non-permit permission for transferring the revenue and earings from free zone activities
  • Facilitation of Foreign Trade 
  • Trade Facility Free from Customs Duty Procedure                                           
  • Easy Access to EU Countries 
  • Equal Treatment 
  • No Time Limitation                                                                                                   
  • The goods can remain in the zones without any time limit.
  • Managing Trade Activities According to Market Demands and Condition 
  • Inflation Accounting Opportunity (with Convertible Currencies)
  • Access to Domestic and Foreign Markets                                                                 
  • In contrast to most of the free zones in the world, sales to the domestic market with the exception of consumer and risky products are allowed.
  • Reduced Bureaucratic Procedures and Dynamic Management                             

During application and operation process bureaucracy is minimized. Professional private sector companies manage free zones.

For more information please do not hesitate to contact us.                                                                                                              
OZBEY Attorney Partnership & Consultancy


Popular posts from this blog

Raise “Pro Bono” Awareness in Turkey

OZBEY Attorney Partnership & Consultancy believe that a true measure is to be able to make a difference and raise awareness and be able to create intercorporate-consciousness on social responsability and pro bono legal services at the corporates. While it satisfies our ethical obligation to help those in need, it is also part of what makes our lawyers strong leaders of our practices, and our communities. These awareness increases and ensures the strengthening of social resposability and sensitivity. We consider spreading awareness regarding the injustices prevalent in society and rights available against them also as one of our core responsibilities. We would like to state that OZBEY Attonery Partnership & Consultacy gladly takes active role in corporate social responsability. By the virtue of awareness, our founding partners become a member of the Association of Asian Women Lawyers (“AAWL”) which  is a non- profit making organization and set up in 2001 in UK.