Rize Free Trade Zone

Rize Free Trade Zone is operated by Risbas. The zone offers very low rental fees and has high growth potential due to its close proximity to markets. The geographic location also harbours great economic potential. Currently Rize is one of the smallest free trade zones.

  • Free Trade Zone earnings and revenues can be transferred to any country, including Turkey, freely without any prior permission.
  • The validity period of an operating licence is maximum 10 years for tenant users, and 20 years for users who wish to build their own working spaces in the zone; If the operating licence is for production, these terms are 15 and 30 years for tenant users and investors, respectively.
  • The goods can remain in the zones without any time limit.
  • There is no limitation on the proportion of foreign capital participation in investment within the Free Trade Zones.
  • In contrast to most Free Trade Zones in the world, sales into the domestic market are allowed. Trade conducted between Turkish Free Trade Zones and Turkey is subject to foreign trade regime. (Sales to the domestic market is subject to a fee of 0.5 % of the transaction value.)Currencies used in the zone are convertible foreign currencies dealt by the Central Bank of Turkey.
  • Infrastructure of the Turkish Free Trade Zones is competitive with international standards.

Main Business Activities

  • Production
  • Exchange
  • Exhibition
  • Office rental
  • Assembly
  • Maintenance
  • Banking
  • Insurance
  • Coastal Banking
  • Leasing

Application Procedure

  • We incorporate your Limitet Þirket company in Turkey
  • We complete your Free Trade Zone Operating Licence Application Form
  • Your application fee is then deposited with the Central Bank of Turkey
  • We submitted your application form which is then assessed by the Free Trade Zone Founder and Operator and the Undersecretariat of Foreign Trade (UFT) General Directorate of Free Trade Zones
  • A lease agreement is then made with the Free Trade Zone Founder and Operator
  • We apply to the UFT General Directorate Of Free Trade Zones with your lease agreement
  • You receive your Operating Licence and can start business in the Rize Free Trade Zone
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