The document provides an overview of Turkey's free trade zones. It notes that Turkey has 19 free trade zones hosting over 2,000 companies, generating over $23 billion in annual trade. The free zones aim to promote exports and foreign investment by offering tax incentives and simplified customs procedures. Major free zones highlighted include Istanbul Ataturk Airport, Istanbul Industry and Trade, Aegean, Mersin, and Bursa zones, which collectively account for over $13 billion in annual trade and tens of thousands of jobs.
Village house located 4 kilometers near Pinoso.
The house has 110.sqm living area and should be partially renovated,but is in excellent condition.
The plot is about 2000 sqm.
Living room with fireplace, kitchen, 3 bedrooms and bathroom,
terrace, garage and patio.
The house is connected to water and electricity.
The property is located in an environment with a beautiful view.
It is sold with or without the rear area.
Located in town, in the UTA area, right next to Penny Market and the RED1 neighbourhood, the comercial spaces offer multiple opportunities from a commercial point of view. Wether you think of comerce activities, oppening a showroom or offering some services, you are ensured of the comercial potential as well as a crowd of customers that you just need to atract through an efficient promotion. The distance up to the public transportation is only 300 meters, ensuring an easy acces for staff and potential clients that do not have their own vehicle.
Availability for lease or sale.
Village house located 4 kilometers near Pinoso.
The house has 110.sqm living area and should be partially renovated,but is in excellent condition.
The plot is about 2000 sqm.
Living room with fireplace, kitchen, 3 bedrooms and bathroom,
terrace, garage and patio.
The house is connected to water and electricity.
The property is located in an environment with a beautiful view.
It is sold with or without the rear area.
Located in town, in the UTA area, right next to Penny Market and the RED1 neighbourhood, the comercial spaces offer multiple opportunities from a commercial point of view. Wether you think of comerce activities, oppening a showroom or offering some services, you are ensured of the comercial potential as well as a crowd of customers that you just need to atract through an efficient promotion. The distance up to the public transportation is only 300 meters, ensuring an easy acces for staff and potential clients that do not have their own vehicle.
Availability for lease or sale.
Kineo Pacific held a Learning Insights breakfast in Melbourne on 13/04/2016 to discuss how to reach 'your true north' when searching through a digital blizzard.
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.
Kineo Pacific held a Learning Insights breakfast in Melbourne on 13/04/2016 to discuss how to reach 'your true north' when searching through a digital blizzard.
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.
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The Mediterranean Port Summit 2015 is the largest annual Ports and Shipping conferences throughout Europe, the Middle East and Africa. This event in Barcelona is the gathering of maritime industry leaders. The program features many top industry professionals sharing their perspectives on port investments and terminal developments around the region, providing invaluable insights into the numerous opportunities in this sector of Commerce.
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The Mediterranean Ports Summit is organised by the Association of Mediterranean Chambers of Commerce and Industry (ASCAME), the Consorci de la Zona Franca de Barcelona with the collaboration of Barcelona Chamber in the framework of SIL2015.
The Mediterranean Port Summit 2015 is the largest annual Ports and Shipping conferences throughout Europe, the Middle East and Africa. This event in Barcelona is the gathering of maritime industry leaders. The program features many top industry professionals sharing their perspectives on port investments and terminal developments around the region, providing invaluable insights into the numerous opportunities in this sector of Commerce.
The Mediterranean Ports and Shipping Summit focused on key concepts such as institutional and fiscal reforms; the construction, extension and modernization of port platforms; the search for management and collaboration systems; the promotion of alliances to strengthen the position of world leadership; Mediterranean Ports a Gateway to Europe, Asia and Africa; the Port, City and Cruise Tourism, as well as the response of Mediterranean ports to the challenges brought by 800 million people.
More information www.ascame.org
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4. Turkish Economy expanded by 4.1% in 2013 and 3.3% in the first half
of 2014.
Turkey ranks as the 17th largest economy in the World and 6th in
Europe.
Since 2002 GDP per capita has tripled from USD 3,492 to USD 10,807
in 2013.
USD 151.8 billion export and USD 251,6 billion import in 2013.
ECONOMIC OUTLOOK OF TURKEY
5. Turkey has a population of 76.7 million
Half the population is under the age 30.4
Customs union with the EU since 1996 and Free Trade Agreements
(FTA) with 20 countries
Accession negotiations with the EU
A natural bridge between both East-West and North-South axes, thus
creating an efficient and cost effective outlet to major markets
5
ECONOMIC OUTLOOK OF TURKEY
7. 7
Free Zones Are Fenced-in Regions That;
•Have special regulatory treatment for the operating users in order to
promote exports of goods and services
•Are Regarded as Outside of Domestic Tariff Area Thus Having No Customs
Duty or Value Added Tax
•Operate Under Single Bureaucratic Window
•Have No Exchange Limitations
WHAT IS A FREE ZONE?
8. 8
Basic Objectives of the Foundation and
Operation of Free Zones
• Promoting export oriented investment and production.
• Accelerating foreign direct investment and technology access.
• Directing enterprises towards export.
• Developing international trade.
9. 9
Phase 1- APPLICATION:
Public or Private, Feasibility, If Accepted Phase 2
Phase 2- LEGISLATION
The Issuance of Council of Ministers Decision
Phase 3- CONTRACTS
The Signing of Contracts Between GD and the Developer
Phase 4- INAUGURATION
Fences, The Administrative Buildings,
The Official Inauguration of the Zone
PROCEDURE FOR SETTING UP A FREE ZONE
10. 10
Manufacturing
General Trading
R&D, Software
Soring and Packaging
Banking and insurance
Assembly & Disassembly
Maintenance services
ACTIVITIES OFFICIAL ZONE ADMINISTRATION
The Director of
the Zone (ME)
Customs
Officer
The Developer
Post office,
Banks and Etc
The Police
Customs
Inspector
11. 11
• First Model
Public Land
Infrastructure
by Public
• Mersin (1985)
• Antalya (1985)
• Second Model
• Final Model
Public Land
Infrastructure
by Private
Sector
• Ege (1987)
• İstanbul AHL (1990)
• Trabzon (1990)
• Adana(1992)
• Samsun (1995)
• Rize (1997)
• İstanbul Trakya (1990)
• İst. End.-Tic.(1992)
• Mardin (1994)
• Avrupa (1996)
• İzmir (1997)
• Kayseri (1997)
• Gaziantep (1998)
• Denizli (2000)
• Bursa (2000 )
Private Land
Infrastructure
by Private
Sector
•80s • First Half of 90s •End of 90s
12. 12
TYPES OF USERS
INVESTOR
- 30 years for users who build
their own working premises.
- 45 years for
manufacturer-investor users
TENANT
15 years for tenant users.
20 years for manufacturer
tenant users.
14. AN OVERVIEW OF TURKISH FREE ZONES
19 Free Zones
2,292 Companies
548 Foreign
1,744 Domestic
3,027 Licenses
928 Manufacturing
1,466 General Trading
633 Others
57,010 Employment
370 Foreigners
14
15. AN OVERVIEW OF TURKISH FREE ZONES
Total trade volume in 2013 was 23.2 Billion USD.
FREE ZONES
$7.5 Billion $5.2 Billion
$7.7 Billion $2.9 Billion
15
17. ADVANTAGES OF TURKISH FREE ZONES
• Opportunity to Benefit from Tax Advantages for
Manufacturers
The earnings of the manufacturer users, generated through the sales of
the goods they produced in the free zones, are exempted from the
income or corporate taxes.
The wages of the workers employed by the users that export at least 85
percent of the FOB value of the goods they produce in the free zones are
exempted from income tax. The Council of Ministers can reduce this rate
to 50 percent.
The transactions and arranged documents related to the activities
carried out in the free zones by the manufacturer users are exempted
from stamp duties and fees.
17
18. ADVANTAGES OF TURKISH FREE ZONES
•Opportunity of Medium and Long Term Planning
The validity period of an operating license is:
o 15 years for tenant users.
o 20 years for manufacturer tenants.
o 30 years for investor users who build their own premises.
o 45 years for manufacturer investors.
18
19. ADVANTAGES OF TURKISH FREE ZONES
• Opportunity to Transfer Profits
The revenues and earnings from free zone activities can be freely transferred to
Turkey or abroad without need for any permission.
• Facilitation of Foreign Trade
Since the goods sold from Turkey to free zones are subject to export regime, free
zone users can buy goods and services from Turkey without paying value added
tax. On the other hand, trade between free zones and third countries is not
subject to foreign trade regime.
• No Time Limitation
Goods can remain in the zones without any time limit.
19
20. ADVANTAGES OF TURKISH FREE ZONES
• Trade Free from Customs Duty Procedure
The goods in free circulation can be sent to Turkey or to the EU countries from
the free zones without any customs duty payment. Moreover, no customs duty is
applied on the goods of third country origin at the entrance into the free zones
and exit to the third countries.
• Easy Access to EU Countries
Since free zones are part of the Turkey-EU Customs Territory, the goods in free
circulation can be sent to the EU countries with an A.TR certificate. Customs
duties for the goods of third country origin are also not paid at the entry into the
free zones. However, the goods of third country origin that are not in free
circulation can be sent to the EU countries with an A.TR certificate only after the
customs duties are paid over the rates determined in the Common Customs
Tariff.
20
21. ADVANTAGES OF TURKISH FREE ZONES
• Reduced Bureaucratic Procedures and Dynamic Management
During application and operation processes, bureaucracy is minimized.
Professional private sector companies manage free zones.
• Strategic Locations
Turkish Free Zones are close to the EU and Middle East markets, are adjacent to
the major Turkish ports on the Mediterranean, Aegean and Black Sea, and have
easy access to international airports and highways.
21
23. EUROPEAN FREE
ZONE
• Date of Establishment: 1996
• Area: 1,908,959 m2
• Occupancy Rate: 77%
• Number of Companies: 141
• Number of Licenses: 177
• Employment: 3.322
• Trade Volume (2013):
2,439,926,960 USD
www.asb.com.tr
TURKISH FREE ZONES
23
24. ISTANBUL ATATÜRK
AIRPORT FREE ZONE
• Date of Establishment: 1990
• Area: 183,913 m2
• Occupancy Rate: 94%
• Number of Companies: 158
• Number of Licenses: 183
• Employment: 1.258
• Trade Volume (2013):
1,797,351,762 USD
www.isbi.com.tr
TURKISH FREE ZONES
24
25. ISTANBUL INDUSTRY
AND TRADE FREE ZONE
• Date of Establishment: 1992
• Area: 465,898 m2
• Occupancy Rate: 88%
• Number of Companies: 402
• Number of Licenses: 505
• Employment: 4.164
• Trade Volume (2013):
3,367,670,613 USD
www.desbas.com.tr
TURKISH FREE ZONES
25
26. ISTANBUL THRACE
FREE ZONE
• Date of Establishment: 1990
• Area: 357,802 m2
• Occupancy Rate: 54%
• Number of Companies: 186
• Number of Licenses: 258
• Employment: 2.094
• Trade Volume (2013):
1,723,960,611 U
www.isbas.com.tr
TURKISH FREE ZONES
26
27. TUBITAK-MAM
TECHNOLOGY
FREE ZONE
• Date of Establishment: 1999
• Area: 360.000 m2
• Occupancy Rate: 22%
• Number of Companies: 25
• Number of Licenses: 26
• Employment: 2.443
• Trade Volume (2013):
233,651,980 USD
AN TURKISH FREE ZONES
27
28. AN TURKISH FREE ZONES
ANTALYA FREE ZONE
• Date of Establishment: 1983
• Area: 447,668 m2
• Occupancy Rate: 98%
• Number of Companies: 112
• Number of Licenses: 177
• Employment: 3,710
• Trade Volume (2013):
902,378,841 USD
www.asbas.com.tr
28
29. TURKISH FREE ZONES
AEGEAN FREE ZONE
• Date of Establishment: 1987
• Area: 1,737,893 m2
• Occupancy Rate: 99%
• Number of Companies: 196
• Number of Licenses: 2768
• Employment: 18.017
• Trade Volume (2013):
4,680,236,011 USD
www.esbas.com.tr
29
30. TURKISH FREE ZONES
MERSIN FREE ZONE
• Date of Establishment: 1983
• Area: 570,365 m2
• Occupancy Rate: 100%
• Number of Companies: 397
• Number of Licenses: 588
• Employment: 9.377
• Trade Volume (2013):
3,552,257,006 USD
www.mesbas.com.tr
30
31. Date of Establishment: 27.04.2000
Area: 537.998 m2
Occupancy Rate: % 91
Number of companies: 111
Employment: 7.940
2013 Trade Volume: 1.907.170.950 USD
TURKISH FREE ZONES
BURSA FREE ZONE
• Date of Establishment: 2000
• Area: 537,998 m2
• Occupancy Rate: 91%
• Number of companies: 109
• Number of Licenses: 155
• Employment: 8.644
• Trade Volume (2013):
1,907,170,950 USD
www.buseb.com
31
32. THANK YOU
REPUBLIC OF TURKEY
MINISTRY OF ECONOMY
Directorate General of Free Zones, Overseas Investment and Services
solakz@ekonomi.gov.tr
Tel: +90 312 212 5890
Fax: +90 312 212 8906