Western Anatolia Free Zone provides unique advantages for companies with its focus on manufacturing, which generates employment and increases trade volume.
Free Zones offer 100% Income Tax exemption on employee’s salaries for manufacturing companies which export 85% or more of their products in one year. Additionally, companies are not subject to any price of quality restrictions. Free Zones are accepted as part of the Customs Union agreement between Türkiye and the EU, and the goods manufactured in the Western Anatolia Free Zone can be freely sent to EU member countries after an A.TR certificate is issued. In addition, products coming from the countries outside the Customs Union, which are usually subject to Customs Duty, are not imposed any customs duty uponentry into the Western Anatolia Free Zone. However, if goods from 3rd party countries are to be sent directly or as a production input to an EU member after entry into the Free Zone, then Compensatory Taxes must be paid for these goods. Since the Western Anatolia Free Zone is regarded as outside the customs line, imports made here are not subject to import expenditures, such as customs duties or deductions, special consumption tax, etc.
The demographics of Türkiye’s population have a positive impact on the country’s economy, representing a window of opportunity in many respects.
The young and well-educated population of Türkiye is considered to be a great asset as investors are facing considerable challenges elsewhere in Europe, such as ageing and shrinking populations. Türkiye offers excellent opportunities with its growing, young, and dynamic population — an indispensable contributor to a strong labor pool and a lucrative domestic market.
Over 30,5 million young, well educated and motivated professionals.
Approximately 733.000 students graduate per year from over 193 universities.
More than 950.000 high school graduates with around half from vocational and technical high schools.
Turkish workforce consists of talented, well educated, skilled and industrious professionals.
World Bank and OECD reports indicate that Türkiye is one of the most advantageous countries in Europe in terms of labor force and the working age capacity. The same reports also demonstrate that Türkiye is expected to keep this advantage in an increacing pace, even in the year 2050.
On the other hand, Türkiye does not only have a large scale of labor force reserves, the productivity and efficiency of this labor force is impressive as well.