REGULATION ON DETERMINATION OF INVESTMENT ZONES
The Ministry of Industry and Commerce (“Ministry”) published their
Regulation on Determination of Investment Zones (“Regulation”) in the Official
Gazette dated 01.12.2018 and numbered 30612. The Regulation has been drafted in
accordance with the Decree on the Presidential Organization published in the
Official Gazette dated 10.07.2018 and numbered 30474 (“Decree”), in which the
duties and authorities of the Ministry and its directorates are laid out. The
Regulation entered into force on the date of its publication. The purpose of
the Regulation is to determine the suitable places beforehand in order to
accelerate the establishment process of organized industrial zones, technology
development zones, free zones, industrial areas; and to determine the
procedures and principles for building the infrastructure of such areas to be
deemed suitable.