Main page
/
Useful
/
Free economic Zones of Turkey

Free economic Zones of Turkey

February 13, 2024

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.

Return to list
Other articles
August 8, 2024

Rules for the import of medicines in the UAE in 2024 

The UAE authorities remind citizens who wish to visit the country of the need to obtain a special permit for carrying certain types of medicines. The new guide, issued in the UAE, is intended for residents, tourists and transit passengers who plan to bring medical drugs into the country. Travelers should carry prescriptions for some medicines and check if they are subject to special control. All UAE residents, tourists and transit passengers are required to have a permit for the importation and storage of controlled and semi-controlled drugs. It can be obtained on the website of the Ministry of Health and Prevention (Mohap). Class A controlled drugs (CDA) are narcotic and psychotropic drugs that are often used in acute and chronic diseases. Class B (CDb) drugs are semi-controlled. Controlled drugs include strong analgesics (e.g., morphine, codeine, fentanyl), psychoactive drugs (e.g., benzodiazepines, antidepressants, neuroleptics), stimulants (e.g., methylphenidate, amphetamines), sedatives and tranquillizers (for example, barbiturates, some sleeping pills). For the importation of controlled drugs, travellers must obtain prior authorization from Mohap and submit relevant documents in Arabic or English, Including a valid medical prescription and an authenticated certificate or authorization from the competent authority of the country of dispatch. Travellers may import prescription drugs for personal use for a period of no more than three months, provided they have an active medical prescription. The UAE prohibits the importation of unregistered or banned drugs, as well as medicinal herbs that may be authorized in the country of origin. For all other herbal medicines, the import procedure is similar to conventional prescription drugs.
More details
August 8, 2024

Advantages of living in Ankara for foreigners

Ankara, the capital of Turkey, is an attractive city for foreign citizens due to many factors.Economic opportunity Ankara is an important economic center of Turkey. The main government institutions, financial institutions and international companies' offices are concentrated here, which opens up a wide range of employment and business opportunities. The city is actively developing technological and innovative industries, which attracts specialists from different countries. Education and medicineAnkara is proud of its educational and medical institutions. Here are the leading universities such as Hajettepe and Bilkent, which offer high quality education and international programs. The city s medical facilities are renowned for their advanced technology and qualified professionals, which ensures a high level of medical services. Transport infrastructure
More details
August 7, 2024

Drilling and research vessels of Turkey

Turkey is moving towards its goal of becoming an energy-independent country, and therefore pays special attention to its "energy fleet". At present, the country owns two seismic exploration and four drilling vessels. Barbaros Hayreddin Pasha The first Turkish seismic reconnaissance vessel, the Barbaros Hayreddin Pasha, was commissioned in late 2012. The vessel weighs 4,711 tons, is 84 metres long and 21.6 metres wide, has a helipad and satellite link for automatic direction and location. It is capable of studying geological structures at depths up to 8 km underwater and collecting two- and three-dimensional seismic data. MTA Oru Reis
More details
August 5, 2024

The will in Turkey: important information for foreigners 

If a foreigner wants to leave a will in Turkey, it is important to consider that it must comply with Turkish inheritance law. Turkish law provides for a guaranteed share (saklı pay) for certain categories of heirs, regardless of the contents of the will. Such heirs include children, spouses and parents. Legal heirs not mentioned in the will may apply to the court for their share of the inheritance. Brothers and sisters are not entitled to a guaranteed share. Inheritance in Turkey in the absence of a will 1. If there is a spouse and children: - 1/4 of the estate is received by the spouse - 3/4 is divided between the children. 2. If no children: - 1/2 of the estate is received by the spouse - 1/2 is divided between parents (if no parents, then between brothers and sisters) 3. If there are no children and parents: - 3/4 of the estate is received by the spouse- 1/4 is divided between the grandmother and grandfather of the deceased and their children (uncle, aunt) 4. If there are no other relatives besides the spouse: - All inheritance goes to the spouse. 5. If there are no relatives and spouse:- The whole estate goes to the state. Given these features, it is important to carefully consider the drafting of a will in Turkey to avoid possible legal disputes.
More details