The Turkish government over the years launched three different initiatives in order to facilitate FDI (Foreign Direct Investment).
These initiatives are:
Technology Development Parks (TDZs): These are areas to attract R&D and high technological investments. In total there are 39 and in all companies settled in these zones are granted with tax and VAT exemptions until December 31st, 2023.
Organized Industrial Zones (OIZs): There are 148 OIZs promoting industrial activities facilitating companies with a friendly business environment with ready to use infrastructures and social facilities. Companies settled in these areas have tax breaks plus low electricity, water and telecommunications costs.
Free Zones (FZs): There 20 FZs promoting export activities from Turkey. The advantages include 100% exemption from customs, corporate income tax, VAT and no restriction to transfer profits abroad.