The Aegean Free Zone provides unique advantages for companies with its focus on manufacturing, which generates employment and increases trade volume. The widest advantages are granted to the manufacturing companies, one of which is 100% Corporate Tax Exemption. (Trading companies pay the corporate tax at the end of the financial year from their profits. The corporate tax rate is 22%. 100% Income Tax exemption on employee’s salaries for manufacturing companies which export 85% or more of their products. (Trading companies pay the income tax for their personnel. The income tax rate changes between 15-35%.
The demographics of Turkey’s population have a positive impact on the country’s economy, representing a window of opportunity in many respects.
The young and well-educated population of Turkey is considered to be a great asset as investors are facing considerable challenges elsewhere in Europe, such as ageing and shrinking populations. Turkey offers excellent opportunities with its growing, young, and dynamic population an indispensable contributor to a strong labor pool and a lucrative domestic market.
Turkish workforce consists of talented, well educated, skilled and industrious professionals. World Bank and OECD reports indicate that Turkey is one of the most advantageous countries in Europe in terms of labor force and the working age capacity. The same reports also demonstrate that Turkey is expected to keep this advantage in an increacing pace, even in the year 2050.
On the other hand, Turkey does not only have a large scale of labor force reserves, the productivity and efficiency of this labor force is impressive as well.
In order to stay competitive in the global arena of business attraction, TURKEY realizes that shaping the investment policies and optimizing incentives is the core criteria in attracting high-quality investments.
Being aware of how to achieve economic development expansion and retention goals for years to come, TURKEY has long determined the key areas for additional incentives to increase the capability of attracting investments.
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