Turkey, which enacted its Free Zone Law in 1985, operates 18 active free zones and has one more under development. Located on the coast or within easy access to ports, the zones are designed to promote classic export-oriented manufacturing investment.

In the 2000s, Turkey created a new type of SEZ – technology development zones – to attract investments in R&D and high-tech industries. These zones offer tax incentives focused on research, software development and other innovative activities. Incentives include exemption of corporate income tax on profits for software development, R&D and design activities. Exemption from customs duties on imported goods and subsidies on social security premiums are also offered.

Let’s take a closer look at the Investment advantages in the SEZ in Turkey.

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