Companies are 100% exempt from Corporate and Income Tax.
BRIEF PAYMENT EXEMPTION:
Companies that sell at least 85% of their products abroad are 100% exempt from the income tax payable over salaries of employees.
VALUE-ADDED TAX (VAT) EXEMPTION:
As Free Zones are outside of the customs border, companies can purchase good from Turkey without VAT. Moreover infrastructure services are provided exempt from VAT.
FREE TRANSFER OF PROFITS:
Companies can freely transfer their profits and earnings to Turkey or any other country.
DUTY FEE EXEMPTION:
The goods entering the free zones are exempt from tariff.
MINIMUM OF BUREAUCRACY:
Bureaucracy has been minimized in the free zones.
Companies can keep their stock without duty free and unlimited period of time.
FREEDOM TO PURCHASE MACHINERY:
Companies are free to bring second hand (used) machinery to the Free Zones and there is no age limitations for the importation of second hand (used) machinery.
- There is no quality standard for price in the free zones.
- THE OPPORTUNITY OF USING CHEAPER ENERGY:
Companies in free zones have an opportunity to use cheap energy.