Free zones are defined as special sites within the country that are deemed to be outside of the customs territory. Free Zones are also defined as fenced-in areas in which special regulatory treatment exists for the operating users in order to promote exports of goods and services. Free zones offer more convenient and flexible business climate in order to increase trade volume and export for some industrial and commercial activities as compared to the other parts of country. With the aim of increasing and promoting export-oriented investment and production, 18 free zones have become operational since 1985.
1) Tax Advantages
2) Opportunity to Transfer Profits
3) Buying goods and services
4) No custom duties
Plus much more!
For more details, go to this link.
There is no specific rules, very easy to setup a company, depending on the structure of the company can start with a working capital.
We can help you set it up for USD 1000 plus outgoing costs relating to:
Pre Application costs:
Post incorporation:
There would also be costs related to:
BUT do be mindful that setting up a company does not entitle you to residency.
For more details, you can reach out to us.
Increase of the the minimum capital amount for joint stock and limited companies:
Refer:
In brief:
The minimum starting capital amount have been increased to:
Joint stock companies: Increase from 50,000TL to 250,000TL
Limited companies: increased from 10,000TL to 50,000TL
The revised limits will be effective from 1 January 2024.
For more details, you can reach out to us.
Dealing with real estate can be overwhelming in the beginning. That’s why we at Meow Consultancy have prepared a series of articles for you about everything from Turkish banks and laws to citizenship and residence permits.
If the articles aren't quite answering your questions, we’re right by your side.
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