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Advantages of Free Zone

The companies which are operating in a Free Zone have tax exemptions and foreign trade facilities.This exemptions and facilities are determined by the regulations below;

The activity permit is granted for 15 years to the firms that would function as renter-user by renting ready-made commercial units (20 years for the ones whose subject of activity is production) and for 30 years to the firms that would function by constructing their own commercial units (45 years for the ones whose subject of activity is production).

The amendments made in the Free Zones Law by decree number 5084 have become effective after being announced in the Official Gazette date 06.02.2004 and number 25365. According to the new regulation, the firms that obtained Activity Permits before 6.01.2004 are exclusive of the income and organizations law being limited with the period specified on these activity permits for the revenues they obtained by means of the activities they got engaged in in free zones. These firms are exempt from the income tax until 31.12.2008 according to the wages they pay to their employees

As for the firms that obtained their Activity Permits after 06.02.2004, they are exempt from the income and organizations tax until Turkey becomes a member of the European Union. These firms pay the income tax over the wages they pay to their employees.

No customs tax is paid for the goods imported from abroad to the free zone.

The sales made from Turkey to the free zone are subject to the export regime. Free zone users can purchase goods from Turkey at export prices without paying VAT. This provides cost advantage for raw materials/intermediate goods at many items.

There is the opportunity of selling goods to Turkey on import regime basis by keeping stock at the duty-free area and paying the customs tax and VAT as per consignment when there is demand.

The goods in transit can be dispatched to other countries without entering the zone.

Since there is no change in the free circulation status of your Turkish or EU origin or free circulating goods that are brought into the Free Zone, you do not pay customs duty in entering Turkey or EU countries. Besides, in the entrance of your third country origin goods to the Free Zone and their dispatch to third countries other than Turkey and EU countries you do not pay customs duty. However, for your third country origin goods of no free circulation status that are dispatched to Turkey and EU countries from Turkey, you pay the customs duty over the rate specified at the Common Customs Tariff.

Between Free Zones and other countries and other Free Zones, the foreign trade provisions are not implemented.

The revenues obtained can be transferred to the desired countries freely. The regulations governing foreign exchange are not implemented. The provisions concerning the banking services at Free Zones are regulated by the General Directorate of Free Zones.

All the firms, domestic or foreign, benefit from pump-primings and advantages provided at free zones equally.

The users can get bank loans at better terms from banks that are active in free zones since these banks benefit from advantages and pump-primings that are not present for domestic banks

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