catbig presentation
TRANSCRIPT
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RISING STAR OF EUROPE TURKEYTURKEY
Bridging continents, cultures and markets
Turkey is at the cross roads of Europe, Asia, Middle East and Africa
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RISING STAR OF EUROPE TURKEYTURKEY
Liberal, FDI friendly, outward oriented economy (Growing %7,3 per year) 19th largest economy in the world, largest economy in Eastern Europe Turkey attracted 20,3 Billion $ FDI last yearTurkey has Customs Union agreement with EU EU is Turkey’s trade partner and most of the FDI is received from EU countries
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Turk
ey
Swed
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Austria
Polan
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Greec
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Irel
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Finla
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Portugal
Czech
Rep.
Hungary
Romania
Slova
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Turkey
Slova
k Rep.
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Hungary
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Czech
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Poland
Luxem
bourg
Spain
OECD A
ve.
U.K.
Avro A
rea
GDP (2005)GDP (2005)
Billion Euro
Real GDP Growth 2002-2005 AverageReal GDP Growth 2002-2005 Average
%
Benchmarking Performance of the Turkish EconomyBenchmarking Performance of the Turkish Economy
RISING STAR OF EUROPE TURKEYTURKEY
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RISING STAR OF EUROPE TURKEYTURKEY
Professional business environment
Modern financial structure and banking system.
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RISING STAR OF EUROPE TURKEYTURKEY
Over 70 M population and %55 of the population is under 25 years old.
Large pool of young, dynamic and skilled workers (Wage scale is well below).
Turkey has a wide range of resources and products
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012345678
0-4 5-9
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8141
9017
5.000
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8.000
9.000
10.000
2001 2002 2003 2004 2005 2006Program
Population-Age Groups PyramidPopulation-Age Groups Pyramid
GDP Per Capita (PPP)GDP Per Capita (PPP)
%
US$
Potentials of the Turkish EconomyPotentials of the Turkish Economy
RISING STAR OF EUROPE TURKEYTURKEY
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WHAT IS FREE ZONE?
Free zones are defined as special sites within the country but deemed to be outside of the customs borders and they are the regions where the valid regulations to foreing trade and other financial and economic laws are not applicable.
Free zones are also the regions where more convenient business climate is offered in order to increase trade volume and export for industrial and commercial activities as compared to the other parts of country
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WHAT IS FREE ZONE?
The free zones in Turkey were founded by the Free Zones Law No:3218 which came into effect in June 15, 1985. There are about 1300 free zones in the world and %15 of the world trade is made from free zones. Trade volume of the Turkish Free Zones reached about 13% of Turkey’s foreign trade.
3.7166403.076TOTAL
615100515OTHERS
810167643PRODUCTION
2.2913731.918TRADE
TOTALFOREIGNDOMESTICType of Activity
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•%15 of the world trade is made from free zones.
•Last year trade volume of the Turkish Free Zones reached 24.5 Billion $ (approx. 13% of Turkey’s foreign trade)
154 628
3.634
11.3018.700
11.103
16.608
22.110
23.300 23.824 24.573
0
5.000
10.000
15.000
20.000
25.000
1988 1992 1996 2000 2001 2002 2003 2004 2005 2006 2007
TRADE VOLUE OF TURKISH FREE ZONES
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2468229046
36401 38134 39046 4029644293
0
10000
20000
30000
40000
50000
2001 2002 2003 2004 2005 2006 2007
EMPLOYMENT NUMBERS IN TURKISH FREE ZONES
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TYPES OF FREE ZONES IN TURKEY
Semi-Private Free ZonesIn these free zones, the land is owned by state and operator company can rent places and operate the zone.
Private Free Zones In these free zones, the land is owned by the operator company and along with the operation of the zone, operator company can sell places to it’s investors. EFZ is a private free zone and operated by Sahinler Holding, which is one of the most reputable and reliable companies in Turkey.
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FIELD OF ACTIVITIES IN FREE ZONES
Assembling
Trade Others
Banking
Production
Free Zone
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FREE ZONE ADVANTAGES
INCENTIVES & MONETARY ADVANTAGES
LOGISTICS ADVANTAGES
WORLD CLASS SERVICES
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INCENTIVES AND MONETARY ADVANTAGES
Manufacturer companies are 100% exempt from Corporate Tax (Corporate tax rate in Turkey is 20%) 100% exemption from Custom Duties and other sort of duties
100% exemption from Value Added Tax (VAT)
Free circulation of goods in EU market (No tax between TR & EU)
Free transfer of profits and earnings to Turkey or any other country.
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INCENTIVES AND MONETARY ADVANTAGES
Transactions are made with convertible foreign currencies.
Duty free stock keeping without any time/amount limitation
The goods in free circulation can be sent to Turkey or to the EUcountries from the free zone without any customs duty payment. Moreover, no customs duty is applied on the goods of third country origin at the enterance into the free zone and exit to the third countries
Low construction costs (Exempt from VAT). Construction permissions are taken from EFZ Directorate and companies do not deal with Municipality or Governorship.
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INCENTIVES AND MONETARY ADVANTAGES
Easy and fast customs operations. There are no import or export procedures for the free zone companies.
Long term exemptions (10 to 30 years – can be renewed up to 99 years) and sales to domestic market is allowed
Free entrance of second hand machines
Application process is easy and fast – you can start operating in the free zone within 2 weeks. Local and foreign firms are treated alike.
Authorizations concerning price, quality, and standards, granted to public institutions and organizations, are not applicable in free zone.
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European Free Zone
is one of Turkey’s largest and most modern industrial parks
Total area : 2,000,000 m2
Establishment year : 1999
Number of Companies : 150
Employment number : 2000
Trade volume Year 2007 : 1.66 Billion USD
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EUROPEAN FREE ZONE AT A GLANCE
European Free Zone, one of the most modern industrial parks of Europe, was established in 1999, on a 2 M sqm land, strategically close to EU borders and Turkey’s number one business city Istanbul. The total investment to the European Free Zone is expected to reach up to 3 Billion $ and the expected trade volume for the EFZ is 10 Billion $.
European Free Zone is offering many business advantages like long term tax exemptions, a strategic location, low cost opportunity and world class services certified by ISO 9001-2000.
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WHERE IS EFZ ?
Just one hour away from Istanbul
Just one hour away from EU borders (Greece & Bulgaria)
Bordering Trans European Motorway (TEM)
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• Offices for rent
(13-11$/m2/month)• Warehouses for rent & sale
(starting from 240m2)
(8-4$/m2/month)• Production units for rent & sale • Open stock areas for rent
(3$/m2/month)• Lands for sale
Facilities Offered
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All infrastructure services at favorable terms and exempt from taxes: Electricity, water, waste water, natural gas, telecommunication, road Catering, handling, IT services 24 hours private security Construction and maintenance services Sensitive to environmental issues Services certified by DIN ISO 9001-2000
Services
POLYPLEX EUROPA
POLYESTER FİLM SANAYİ VE TİCARET ANONİM ŞİRKETİ
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EUROPEAN FREE ZONE
.
We are ready to assist you in your business and we would like to become
your second home by giving you the convenience of enjoying your investment.
www.asb.com.tr
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