A new law, named “Technology Development Zones Law-Law No: 4691”, which was accepted on June 26, 2001, provides important compensations to the tenant companies. Various incentives, tax exemptions and waiver mechanisms introduced in the law create important potential opportunities and benefits to universities, academicians and companies that have R&D activities and/or are developing software.

Accordingly, the participants are excused form the corporate taxes for the revenues generated by software development and R&D activities until 31/12/2013. In addition, the wages of the R&D and software development personnel of the technopark companies are exempt from any taxes until 31/12/2013. The companies can also benefit from the other government supports determined by the law.

Click Here to download Technology Development Zones Law (No: 4691)

Click here to download Technology Development Zones Application Regulations