EUR
enFree economic Zones of Turkey
Those who are used to working for themselves tend to do so even when moving to another country. When planning a move, people are increasingly looking not only at the climatic and social conditions of the country, but also at the conditions of doing business in it. If you are thinking about starting a business in Turkey, be sure to pay attention to the country's free economic zones. Turkey has a unique geographical location, which gives businessmen convenient access to the markets of Europe, Asia and the former USSR.
The main advantage of starting a business in the FEZ, which distinguishes Turkey from other countries, is that goods from the FEZ can be supplied to both foreign and domestic markets. Thus, by registering one company, it is possible to supply products both to Turkey and abroad.
Of course, doing business in the FEZ has other advantages:
- exemption from customs duties
- exemption from VAT, consumer tax and employee salary tax
- unlimited shelf life of products in warehouses
- low land rent
- reduced electricity tariff
- lack of currency control and free circulation of funds abroad
- the possibility of making any transactions for production facilities in the FEZ (sale, donation, etc.) by persons
- no restrictions on investments in the company
To open a business in the FEZ, it is necessary to obtain a business license, which is issued by the Main Directorate of the Department for Foreign Trade for a period of 10 to 30 years.
Important! Foreign investors have exactly the same rights and obligations as local Turkish ones.
There are eight main FEZs in Turkey: in Adana, Antalya, Izmir, Mardin, Mersin, Istanbul, Trabzon, Erzurum.
The Mersin SEZ is Turkey's first free economic zone. Now it is the second largest FEZ in the country with a capacity of 9 million tons of bulk cargo and 2.6 million tons of containerized cargo.
