Turkish Free Zones

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Title: Turkish Free Zones

Essay Details:

Subject: Miscellaneous

Author: Michael G

Date: September 9, 2013

Level: University

Grade: A

Length: 7 / 2020

Essay text:

Investors are free to construct their own premises, while zones have also available office spaces, workshops, or warehouses on rental basis with attractive terms. All field of activities open to Turkish private sector are also open to joint-venture of foreign companies. INCENTIVES OFFERED IN TURKISH FREE ZONES Turkish Free Zones are tax free zones. Income generated through activities in the Zones are exempted from all kinds of taxes including income, corporate and value-added tax. The validity period of an operation licence is maximum 10 years for tenant users, and 20 years for users who wish to make their own offices in the zone; If the operating licence is for production, these terms are 15 and 30 years for tenant users and investors, respectively...

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