edvar-mum

“We are continuing our work to increase our trading volume by making adjustments to increase efficiency within our 100% fully occupied space. We are also considering adding a 334,000 square meter land to the east of the free zone as an expansion area. If this happens, it will be possible to increase our annual trade volume another $1 billion USD. We are studying the matter and making progress.”

– Edvar Mum, CEO

Comprehensive list of incentives to invest in Turkey’s free zones

  • 100% exemption from customs duties and other assorted duties.
  • 100% exemption from corporate income tax for manufacturing companies.
  • 100% exemption from value-added tax (VAT) and special consumption tax.
  • 100% exemption from stamp duty for applicable documents.
  • 100% exemption from income tax on employees’ wages (for companies that export at least 85% of the FOB value of the goods they produce in the free zones).
  • Goods can remain in free zones for an unlimited period.
  • Companies are free to transfer profits from free zones to abroad as well as to Turkey, without restrictions.

At a glance

Average registration cost (USD) $5,000
Average registration waiting period 3 weeks
Single point of contact for all administration? YES
Industrial space available? YES
Office space available? YES
Average office space cost (USD per m2) $4.00-$8.00 / month
Average industrial cost (USD per m2) $2.50-$3.00 / month
Corporate bank account ANY BANK WITH BRANCH IN FREE ZONE