Free Zones
Free zones are special sites deemed outside the customs area and designed to boost the number of export-focused investments. Legal and administrative regulations in the commercial, financial and economic domains that are applicable within the customs area are either not implemented or partially implemented in FZs. There are 3 Free Zones in İzmir, 2 of which are active and 1 is at the stage of establishment.
There are 447 companies operate in FZ’s in İzmir and 25,533 people work in them. The total export of these companies is more than 4.8 billion USD.
3
Free Zones
447
Companies
25,533
Workers
4.8 Billion $
Total Export
Aegean Free Zone, İzmir
ADVANTAGES OF 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 the real estate tax.
- 100% income and corporate tax exemption for certain logistics services to be offered at the FZs, provided that they are export-oriented.
- 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 FZs.
- Goods may remain in FZs for an unlimited period.
- Companies are free to transfer profits from FZs to abroad as well as to Türkiye, without restrictions.
- Exemption from title deed fees when acquiring and selling a property.
- VAT exemption during construction, design, settlement, and approval processes.
- Ready infrastructure exempt from VAT and other taxes.
- Import permit for second-hand, used machinery.
İzmir Free Zone