The Free Trade Zone is deemed to be
outside the customs borders. Legislative provisions pertaining to taxes, levies, duties,
customs and foreign exchange obligations are not applicable in the Zone. During the
investment and production phases, operating foundations and users can benefit from the
incentives determined by the Council of Ministers.
Companies operating in the Free Zone may
be 100 percent Turkish-owned or foreign-owned to the same degree.
All types of infrastructure have been
completed in the Free Zone and these are comparable with the infrastructure of
developed countries.
Bureaucracy and red tape is minimized in
the Free Zone and operation by the private sector is preferred.
Unlike free zones in many countries,
goods produced in the Antalya Free Zone may be offered for sale on Turkey's domestic
market.
The currency valid in the Free Zone
consists of convertible foreign currencies accepted by the Central Bank of the Turkish
Republic.
Rents are very low plots of land with
ready-completed infrastructure.
Our Free Zone is very close to the
European Union and the Middle Eastern markets. Many Turkish industrial goods can enter the
European Union with zero customs duty. Moreover, from the Zone it is easy to arrange
transportation to the port, the highway network, and centres of culture, tourism, pleasure
and recreation.
In the free zone there is no restriction
on barter-trade.
The maximum period of an operating
licence may be extended up to 99 years.
- In the Free Zone, provisions of the Municipatily Law, the
Foreign Investment Law and the Passport Law as well as many other laws which are contrary
to the Free Zones Law will not be applicable.