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TURKISH FREE ZONES Free Zones are defined as special sites within the country but deemed to be outside of the customs border and they are the regions where the valid regulations related to foreign trade and other financial and economic areas are not applicable are partly applicable or new regulations are tested in Free Zones are also the regions where more convenient business climate is offered in order to increase trade volume and export for some industrial and commercial activities as compared to the other parts of country With the objective of increasing export-oriented investment and production in Turkey accelerating the entry of foreign capital and technology procuring the inputs of the economy in an economic and orderly fashion and increasing the utilization of external finance and trade possibilities Free Zones Law numbered 3218 was issued in 1985 Since then - Mersin 1987 - Antalya 1987 - Aegean 1990 - stanbul Atatrk Airport 1990 - Trabzon 1992 - stanbul-Leather 1995 - Eastern Anatolia 1995 - Mardin 1995 - ISE stanbul International Stock Exchange 1997 - zmir Menemen-Leather 1998 - Rize 1998 - Samsun 1998 - stanbul Thrace ATALCA1998 - Kayseri 1998 Free Zones became operational In general all kind of activities can be performed in Turkish Free Zones such as manufacturing storing packing general trading banking and insurance Investors are free to construct their own premises while zones have also available office spaces workshops or warehouses on rental basis with attractive terms All field of activities open to Turkish private sector are also open to joint-venture of foreign companies INCENTIVES OFFERED IN TURKISH FREE ZONES Turkish Free Zones are tax free zones Income generated through activities in the Zones are exempted from all kinds of taxes including income corporate and value-added tax The validity period of an operation licence is maximum
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