Company Formation

When should a foreign company choose a free zone?

When it intends to use Turkey as a manufacturing and re-export base. Where goods enter the zone without clearing into Turkish free circulation, are processed, and leave again for a foreign market, the free zone fits. Where the plan is to sell into the Turkish domestic market, the model inverts: earnings from domestic sales fall outside the exemption and customs obligations arise when goods cross from the zone into the country. The decision is made by looking at where the target market is.

Read the full article: Who Actually Benefits From a Turkish Free Zone: Foreign Investors and Turkish Companies →