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 ...
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(ÇATALCA)(1998)
- 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 10 years for tenant users, and 20 years for users who wish to make their own offices in the zone; If the operating licence is for production, these terms are 15 and 30 years for tenant users and investors, respectively. ...
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or quality of goods in the Turkish Free Zones.
For a period of 10 years following the commencement of operations in the zones, the strikes and lockouts shall not be applicable. However, any disputes occurring within the context to collective bargaining during the period shall be resolved by the Supreme Arbitration Council.
In the Turkish Free Zones, Municipality Law, Passport Law, Foreign Investment Law, Foreign Investment and Encouragement Law, and all other articles of laws contrary to the provisions of the Free Zones Law, shall not be applicable.
HOW TO OPERATE IN FREE ZONES
In order to engage in operations in free zones, an Operating Licence have to be obtained from ...
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Turkish Free Zones. (2006, June 25). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Turkish-Free-Zones/48108
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"Turkish Free Zones." Essayworld.com. June 25, 2006. Accessed November 23, 2024. http://www.essayworld.com/essays/Turkish-Free-Zones/48108.
"Turkish Free Zones." Essayworld.com. June 25, 2006. Accessed November 23, 2024. http://www.essayworld.com/essays/Turkish-Free-Zones/48108.
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