Principles related to the
Organization of the Zone
Article 5: Land and
facilities needed within the declared free zones can be acquired
pursuant to the provisions of the Expropriation Law.
Domestic or foreign real persons or
legal entities may be active within the free zones on the condition
that an operating license has been granted to them by the Prime
Ministry, Undersecretariat of Foreign Trade (General Directorate of
Free Zones). All other permits and licenses regarding the use of
land as well as the design, construction and utilization of
buildings and installations within the free trade zones shall be
issued and supervised by the regional directorate.
Security services for the free zones
shall be provided by the police.
Exemptions and State aid
Article 6: The free
zones are deemed to be outside of the customs borders.
Legislative provisions pertaining to
taxes, levies, duties and to customs and foreign exchange
obligations are not applicable in these zones.
During the investment and production
stages of their activities, operators and users can be qualified for
state aid to be determined by the Council of Ministers.
Income and revenues generated in the
free zones through activities of real persons and legal entities
with full or limited tax liability in Turkey, are exempt from income
and corporate taxes, provided that the transfer of such income and
revenues into Turkey is documented pursuant to foreign exchange
The FZ's Fund
Article 7: In order
to establish, develop and maintain the free zones, to support
research and training activities, to construct social facilities, to
provide state aid for users and to promote the purchase of goods
from Turkey, a "Free Zones Establishment and Development
Fund" has been established at the Central Bank of Republic of
Fund resources are as follows:
a) Fees paid for operating licences
b) Fees paid in advance amounting to
0.5 percent of the CIF value and the FOB value, respectively, of
goods entering and leaving the zone.
c) Payments specified in the
contracts made with real persons and legal entities managing the
free trade zone.
d) Other income
Goods destined to the free zone that
originate from Turkey and goods utilized during the investments and
construction stages, as well as instruments, tools and equipment
brought into the free zone for repair and maintenance purposes, are
exempt from the payments specified in paragraph (b) of this Article.
Procedures and principles governing
Fund collection and disbursements are specified by regulations. This
Fund is administered by the Prime Ministry. The Fund is audited by
the Superior Audit Council of the Prime Ministry.