1. What are the tax advantages
of a company with a manufacturing license?
Profits of companies with manufacturing licenses derived
through sales of the products manufactured in the Free Zones are exempt from income
and corporate taxes. This exemption shall be valid until the end of the license
period for companies established before February 6th, 2004. New companies established
after February 6th, 2004 and companies with renewed licenses shall be exempt from
the aforementioned tax until the end of the taxation period of our membership year
in the EU.
The wages of the workers employed by the users that export at least 85% of the goods are exempted from income tax.
Companies operating in the Free Zone may purchase goods inside and outside the country without paying any VAT, which frees them from the burden of VAT.
Free Zone companies are exempt from import costs such as Customs Tax, SCT (Special Consumption Tax), and RUSF (Resource Utilization Support Fund) for imported goods.
2. Do the personnel employed in the Free Zone have the same rights with employees working outside the Free Zone?
Provisions of the labor legislation in Turkey shall apply in the Free Zones as well.
3. In which transactions and cases shall Special Account Fee be paid?
A Special Account Fee shall be applied at the rate of 0.1% over the CIF values of goods imported into the Free Zone, and at the rate of 0.9% over the FOB values of goods sent into Turkey from the Zone. This fee is collected from the user companies in the Free Zone; companies, who have obtained their licenses before February 6th, 2004 and are exempt from Corporate Tax; and the manufacturing companies benefiting from the Corporate Tax exemption.
Companies apart from those manufacturers who have obtained their licenses before the date of February 6th, 2004, shall not pay this fee since they are subject to tax.
Special Account Fee is not collected for goods brought from abroad for investment as well as those purchased free of charge from abroad for processing purposes.
4. How much are activity license fees? How long can we operate?
In Free Zones, activity fields have been grouped as manufacturing, trading, assembling-disassembling, maintenance-repair, banking, and other. Companies must pay a license fee of $5000 for each field they wish to operate in. Activity license periods are 20 years for manufacturing, and 15 years for trading and other fields. For investor companies, these periods have been determined as 45 years for manufacturing and 30 years for other licenses.
5. What is needed to establish a Free Zone addressed company?
All natural and legal entities wishing to operate in the Free Zones must first fill out the activity license application form, pay the activity license fee of $5000, and submit a file with all relevant attachments to the General Directorate of Free Zones (GDFZ). After the approval of GDFZ, foundation and leasing procedures of the company can be completed. Activity license is given when GDFZ receives the documents of foundation and the contract.
6. Can a 100% foreign capital company be established in the Free Zone?
Provided that they are not sole proprietorships, foreign capital companies consisting 100% of foreign natural and legal entities can be established in the Zone.
7. Which books are kept in Free Zones?
All books required by the provisions of Turkish Code of Commerce shall also be kept by the Free Zone users. In addition to these books, a separate inventory book enlisting the entrance and exits of the goods shall also be kept.
8. Which authority shall be responsible for approval of the books kept in the Free Zones?
As per the provisions of Turkish Code of Commerce, all books shall be approved by the notary, whereas the inventory book enlisting the entrance and exits of goods shall be approved by the Regional Directorate and the Directorate of Customs.
9. Can we effect our payments in TL currency in the Free Zone?
Only for the expenses made during the investment stage can the Users effect their payments in TL. Payments of consumables purchased within the country can also be effected in TL.
10. How can Free Zone companies purchase goods within the country?
Goods sent to the Free Zone from within the country are subject to the export regime. Accordingly, Free Zone companies can purchase goods without VAT within the country. Zone companies can also purchase goods for investment and consumption purposes without VAT, but being subject to the export regime. It is furthermore possible for such purchases of less than $5000 USD to be admitted in the Free Zone under simple procedures with VAT but without being subject to the export regime.
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Modern Industrial Center
The Aegean Free Zone is the most modern industrial center of Turkey.
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Communication Form
Fill out the Communication Form for all questions about the Aegean Free Zone.
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For more details, please call us: +90 232 251 38 51
info@esbas.com.tr
Gaziemir Izmir Turkey
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