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Home Investment Advisory In Türkiye Region Selection

Investment Zones for Foreigners in Türkiye

10 January 2024
in Region Selection
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Investment Zones for Foreigners in Turkey
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Türkiye has established various investment zones, offering a range of incentives and tax exemptions, thereby attracting the attention of both local and foreign investors.

Technology Development Zones – Technoparks

Technology Development Zones (TDZs) are areas where participants engage in research and development (R&D) activities to produce or develop technology or software, or to transform technological inventions into commercial products, methods, or services.

These zones facilitate collaboration between universities, institutions, organizations, and production sectors, aiming to create an export-oriented, innovative infrastructure that can compete internationally. They offer numerous advantages such as improving product quality or standards, increasing efficiency, reducing production costs, commercializing technological knowledge, supporting technology-focused production, startups, and entrepreneurs, and creating new investment opportunities by bringing investors and entrepreneurs together.

Organized Industrial Zones

Organized Industrial Zones (OIZs) are legal entities established and operating in accordance with OIZ legislation and special zoning plans. Their purpose is to ensure the efficient operation and orderly settlement of industry by grouping industrial facilities together. They meet the infrastructure and needs of industrialists regarding land, transportation, energy, fuel, water, industrial wastewater treatment facilities, raw materials, and also aim to prevent haphazard urbanization and minimize the negative environmental impacts of industry.

Offering fully completed physical and social infrastructure lands to industrialists at cost price and on a long-term basis is the fundamental advantage of OIZs. They facilitate the creation of common environmental policies, communication materials and plans, and service organizations. Firms are located in their independent areas within an orderly and planned settlement, finding practical solutions to all infrastructure and physical needs, creating an environment for business development through connections with each other, promoting collaboration among firms to increase material and energy efficiency, and granting direct voting rights regarding the operation of the region.

Free Zones

Free Zones are special areas within the political boundaries of the country but located outside the customs areas. In these zones, which are subject to broader incentives for industrial and commercial activities and projects, legal and administrative regulations related to commercial, financial, and economic areas are either not applied or only partially applied, particularly with the aim of increasing export-oriented investments.. Free Zones in Türkiye are primarily located in positions that allow easy access to Mediterranean, Aegean, and Black Sea ports and international trade routes. They are attractive investment regions for export-oriented investors due to incentives, tax exemptions, profit transfer, and ease of trade regime.

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