Turkey encourages foreign direct investments
through a series of special free zones
. These areas benefit from special regulatory principles for taxation and they also offer the benefit of a strategic location for investors. The zones are located outside the customs area although they are within the borders of Turkey. The free zones
focus mostly on export businesses and investments.
Those interested in opening free zone company in Istanbul
can find out more about the incentives, advantages and privileges within this areas from our company formation agents in Turkey.
The Istanbul free zone
The Istanbul Ataturk Airport Free Zone is one of the 19 operational free zones in the country. Its location in the province of Istanbul makes it attractive because of the proximity to the city of Istanbul, an important economic and business hub.
The area is designed to provide facilities for investors and offer numerous office spaces, private and general warehouses of various sizes. The area is ideal both for small start-ups as well as larger companies in Turkey
that want to benefit from the tax advantages in this special free zone.
In order to be able to open a free zone company in Istanbul, the investor must choose from the following business activities:
- manufacturing and production,
- purchase and selling,
- assembling and disassembling,
- repair and maintenance,
- banking and insurance etc.
Our company formation agents in Turkey can provide a complete list of the types of activities approved by the Council of Ministers.
Investors can open a company in the Istanbul free zone or a branch of a foreign company abroad.
The advantages of investing in a free zone in Turkey
The free zones in Turkey offer important advantages to investors who set up companies there. The incentives and advantages include:
- 100% VAT exemption;
- 100% exemption for customs duties;
- 100% exemption from corporate tax and income tax;
- 100% foreign company ownership;
- easy transfer of profits;
- no time limits for stocking goods;
- companies are treated equally.