European Free Trade Zone (FTZ)

The European Free Trade Zone (EFZ) is located in an industrial centre at
Tekirdag/Corlu region, it is the largest private sector Free Trade
Zone. Within this zone, investors are welcome to purchase a work place
rather than occupying a leased area.

We can incorporate your Turkish company and assist with obtaining a free trade operating licence for the European Free Trade Zone (FTZ).

Activities which can be carried out in the European Free Trade Zone:

  • Production – purchasing, selling, storing, marking, packing,
    labelling, exhibiting, repair and maintenance of raw materials and
    semi-produced goods
  • Purchasing & Selling – purchasing, selling, storing, labelling, packing and exhibiting of the commercial goods
  • Assembling or disassembling of the goods
  • Repair and maintenance of the goods
  • Banking
  • Insurance
  • Others

Free Trade Zone Advantages – European (FTZ)

  • Goods produced in the Free Trade Zone have the right for free
    circulation in the European Union since Turkey is a member of European
    Customs Union.
  • There is no minimum capital requirement, companies operating in Free Trade Zone can be 100% foreign capital
  • Companies in the Free Trade Zone are 100% exempt from corporate tax
    or income tax through their profits generated from production
    activities
  • Foreigners may acquire land within the Free Trade Zone
  • Infrastructure such as electricity, natural gas, telephone, water,
    sewage and purification system are ready to be installed in factories
  • The existing industrial settlement in the region offers qualified employees
  • Companies can bring used machines to (FTZ) without any restriction or Tax
  • Companies operating in Free Trade Zone are exempt from Value Added Tax
  • Transactions within the zone are performed with convertible foreign
    currencies so  domestic inflation rates do not influence purchasing and
    selling activities, inventory control and accounting procedures
  • Transfer company profits and earnings to other locations in Turkey or abroad without any permission

Operating Licence Application Procedures – European Free Trade Zone

  • We incorporate your Limitet Þirket company in Turkey
  • We complete your Free Trade Zone Operating Licence Application Form
  • Your application fee is then deposited with the Central Bank of Turkey
  • We then submit your application form and the receipt from the
    Central Bank to the General Directorate of the of Free Trade Zones. This
    is also assessed by the European Free Trade Zone Operator and the
    Undersecretariat of Foreign Trade (UFT)
  • An application is then made to European Free Trade Zone to make
    your rental/sales contract. In the European FTZ the operator has several
    options depending on your
    companies needs; land for sale with ready infrastructure, general
    and independent warehouses, offices, open air stock areas and workshops
    for rent or for sale
  • We apply to the UFT General Directorate Of Free Trade Zones with your rental/sales agreement
  • You receive your Operating Licence and can start business in the European Free Trade Zone
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