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FREE ZONES FOUNDERS AND OPERATORS ASSOCIATION

FREE ZONES FOUNDERS AND OPERATORS ASSOCIATION

İstanbul Specialized Free Zone Incentives (Software-Technology)

İstanbul Specialized Free Zone was declared as a “Specialized Free Zone for the development and clustering of Advanced Technology, Information Technology, Software, and other foreign currency generating activities” by the Presidential decree published on February 20, 2020.

In this context, İstanbul Specialized Free Zone hosts companies engaged in Software, Information Technology, Middle-High, and High Technology production.

In İstanbul Specialized Free Zone, in addition to the tax exemptions and advantages available in free zones, companies with an annual export of at least 1 million US dollars (increasing gradually) and operating in foreign currency generating service sectors and in Research and Development-intensive, high-tech, or high-value-added sectors, can utilise these extra incentives:

  • 50% of the monthly gross salaries of up to 10 (ten) qualified employees (maximum 15,000 US dollars per person annually)
  • 50% of the rental expenses for the premises they lease in the Free Zone, ( maximum of 75,000 US dollars annually).
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