WHY FREE ZONE
With a total of 4 million square meters of investment area, the 2 Free Trade Zones, which also provide the opportunity to benefit from various incentives, are significant investment opportunities for the investors that target foreign markets.
Free Trade Zones make up about 1/4 of the foreign trade volume of İzmir with approximately 4.5 billion of annual foreign trade volume.
Advantages of Free Zones
- 100% exemption from customs duty and other taxes.
- 100% exemption from corporate taxes for manufacture companies.
- 100% exemption from value added tax (VAT) and private consumption taxes.
- 100% exemption from income tax collected from the salary of the employee (for the companies that export minimum 85% of FOB costs of the products produced in free zones).
- Goods can be hold without time limit in free zones.
- Companies can freely transfer the profit made in free zones abroad or to Turkey without any limitation.
2 Free Zones, which also embody many world class firms, offer the unique logistic opportunities of İzmir as well as its trade potential to the export-oriented investors.