Organized Industrial Zones (OIZ) and Free Zones are special economic zones that play an important role in Turkey's economic development. The legal structure and functioning of these zones are of great importance for both investors and the national economy. Here is basic information and legal regulations about these two types of zones:
Organized Industrial Zones (OIZ)
Definition and Purpose
Organized Industrial Zones are special zones where industrial establishments are brought together under a specific plan and program, infrastructure services are provided and industrial investments are encouraged. The main purpose of OIZs is to ensure the orderly and planned development of industry, to ensure environmentally sensitive production and to provide industrialists with a suitable investment environment.
Legal Regulations
The establishment, operation and supervision processes of OIZs are regulated by the Organized Industrial Zones Law No. 4562 and the regulations issued based on this law. These regulations cover issues such as the planning, provision of infrastructure services, operation and supervision of OIZs.
Advantages
- Infrastructure services are ready
- Tax advantages and incentives
- Landscaping and planned industrialization
- Ease of access to labor force
Free Zones
Definition and Purpose
Free Zones are special economic zones within a certain geographical area, where customs and tax exemptions are applied and export-oriented production and trade are encouraged. These zones were established to attract foreign investors and increase international trade.
Legal Regulations
Free Zones are regulated by the Free Zones Law No. 3218 and related regulations. These regulations cover issues such as supervision of activities within the zone, permit processes, incentives and exemptions.
Advantages
- Customs duty and other tax exemptions
- Flexible trade and investment conditions
- Attractive incentives for local and foreign investors
- Production facilities for exports
Conclusion
OIZs and Free Zones are important tools that increase Turkey's competitiveness in industry and trade and support its economic development. Both types of zones offer different advantages and create various opportunities for investors. Legal regulations are critical to ensure the effective and efficient functioning of these zones.
In light of this information, investors and industrialists can establish more efficient and profitable businesses by utilizing OIZs and Free Zones.