At the beginning of 1987, Turkey set up various Free Zones. The First Free Trade Zone was built up in Mersin and Antalya in 1985. The building of the Mersin Free zone is on a geopolitically significant area in the Eastern Mediterranean shores. It lays contiguously with the Mersin port, the most significant port in the region and a standout amongst the essential export ports in Turkey. Mersin has become in the last few years the most alluring investment destination in Turkey for foreign and local investors and stands out amongst the most alluring in the region. Some identify Turkey by the name of "Pearl of the Mediterranean." Mersin Free zone is a center for foreign speculators with proximity to major global markets – Middle-East, North African countries, East and West Europe and the Russian Federation. Free zones are well-defined as fenced-in zones in which special regulatory treatment exists for the operating clients, keeping in mind that the end goal is to promote exports of goods and services. These zones are considered as an exception of customs areas and are primarily designed to increase export opportunities. Around 70% of more than 400 companies working in the free zone are Turkish, with the rest being either remote or worked as a joint venture amongst local and foreign capital. The free zones offer remarkably competitive tariffs and incorporation in a matter of weeks when space is made accessible. It is also well equipped with financial services, as five banks work in the Mersin free zone. They serve the free zone's organizations directly be accrediting, offering credit and providing money transfer.
Free zones have been set up in Turkey with the Free Zones Law No. 3218 (FZL) which has been in force in the Turkish System since 1985. As of now, there are 19 Free Zones in Turkey. They are liable under the same regulation. Therefore, the characterization of all the opportunities and conditions which are underneath have similar circumstances.
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