he Aegean Free Zone, Turkey’s foremost manufacturing zone, has a prime location at the crossroads of Europe, Asia, Africa and the Middle East. Situated in the city of Izmir, with easy access to ports and an international airport, ESBAS (Aegean Free Zone Development and Operating Company) offers advantages for companies and a superior quality of life for western executives and their families.
Beginning operations in 1990, the Aegean Free Zone is Turkey’s first modern production and export-based manufacturing zone. In terms of attracting foreign direct investment and companies using advanced technologies, the Aegean Free Zone is the leading industrial zone in Turkey. With its infrastructure-ready sites and ready-to-use manufacturing buildings, ESBAS has attracted powerhouses such as Cummins, Kale-Pratt&Whitney, Gates, Eldor Electronics, Aero, Mahle, Hugo Boss, Delphi Automotive, Akzo Nobel, Delphi Diesel Safe Spice, Fokker Elmo, PFW, FTB Lisi Aerospace, Cevher, Roy Robson and many others.
The Zone currently provides employment for over 19,000 people and in 2013 generated more than $4,680 billion in international trade. Companies operating in the Aegean Free Zone enjoy substantial tax advantages and financial incentives: Manufacturing companies are exempt from corporate tax, earnings and revenues can freely be transferred, there are no VAT tax on Turkish goods and services for the Aegean Free Zone users, no duties or tariffs for goods imported into the Aegean Free Zone from abroad, imports can remain in the Aegean Free Zone without time limitations, direct sales are allowed to Turkey, and there are no limits on proportion of capital participation in the Zone.
Buildings for lease in the Zone are provided on a turnkey basis, satisfying the most demanding tenant requirements from form height, floor capacity and lighting to heating and ventilation. ESBAS has long stressed corporate security, adding to the comfort and peace of mind for those living and working in the Zone. The Aegean Free Zone is a secure, fenced-in development, staffed by its own industrial security, which patrol the Zone around the clock. Additionally, ESBAS has its own fire department, and customs services at the entry gates.
Naturally, ESBAS offers all the essential business basics, including electricity, water, telecommunications and natural gas to all sites. ESBAS supplies a wide array of supplemental services as well, including loading and unloading, equipment rental, stock control, construction, repair and maintenance, customs brokerage, and port-related services. They’ll even provide assistance with your labor recruitment!
The Aegean Free Zone is 2,200,000 m² in size. In addition, ESBAS has an expansion area which is 600,000 m². Companies already have expressed interest in setting up factories in the expansion area. ESBAS is ready to provide additional modern infrastructure and a pleasant working environment to accommodate these potential investors.
Turkey’s third largest city, Izmir is a modern, European-style city with a rich history and an exceptionally mild climate. With its location along a circular bay with palm-lined promenades and green parks, Izmir, known as “the pearl of the Aegean,” offers an idyllic living environment with easy access to historical sites and beach resorts.
With its exceptional amenities, outstanding quality of life, and extraordinary location, ESBAS will continue to expand as investors and manufacturing companies are attracted to this ideal place to do business.
anama Pacifico is the most complete and advantageous Special Economic Area in the Americas. It is a visionary mixed-use commercial and residential development by a public-private partnership between the Panamanian State and London & Regional Panama, its master developer. Panama Pacifico is already an unprecedented regional success story and a world-class business hub offering unparalleled benefits. Over 200 companies have found success in Panama Pacifico, including prestigious Fortune 500 and Fortune Global 2000 enterprises such as 3M, Atlas Copco, BASF, Caterpillar, Covidien, Cummins, Dell, Grainger, Wärtsilä, W.R. Grace, VF Corp. and many more.
Powerful incentives lower your costs and administrative burden
Benefit from incentives available only within Panama Pacifico, such as exemptions from all direct and indirect taxes for: regional headquarters, finance and accounting shared service centers, business process outsourcing delivery centers, bi-lingual (Spanish-English) customer service activities, logistics and multimodal services, services to the maritime and aviation industries, high value manufacturing operations, and more. Minimize the red-tape required to set up and run your operations through a one-stop agency that brings all relevant government agencies together in a single building in Panama Pacifico, dedicated entirely to supporting companies located within Panama Pacifico.
Recruit quickly and remain flexible
Profit from favorable regulations available only within Panama Pacifico that simplify hiring and facilitate flexible shift-work. Ideally located between downtown Panama City and major residential centers, Panama Pacifico’s easy commuting access makes it an attractive workplace for employees. Choose from a variety of existing or build-to-suit property options within Panama Pacifico that are tailored to your needs in terms of timing, size, and fit-out.
Minimize risk in a stable environment
Become part of one of Latin America’s most competitive and dynamic economies. Reduce business risks by establishing a presence in one of the region’s most politically stable and safest countries and one of the only countries outside of the U.S. where the U.S. Dollar is the official currency.
Enjoy virtually unlimited bandwidth and high-speed access with global reach via five submarine fiber optic cables connecting through Panama Pacifico. Reduce connection times and costs by choosing from one of 9 telecommunications carriers that have set up nodes in Panama Pacifico that are linked to each building through preinstalled fibers.
Serve the world from one location
Take advantage of Panama Pacifico´s convenient location in the U.S. Central time zone, making it a perfect hub for serving the Americas. Connect to the world through Tocumen Airport, which offers the highest number of international flights in Latin America, including over 214 direct flights to major U.S. cities. Panama Pacifico borders the Panama Canal, and is connected to Latin America´s busiest ports on both the Pacific and Atlantic oceans, making it an ideal platform for global and regional logistics.
yersburg, Tennessee (+36.0819, -89.3375) is located at a strategic point on the North American transportation grid, very near the geographic center point of the U.S. population. Advantages of this location include:
In 2013, Dyersburg was ranked in the Top Ten Micropolitan areas for economic development in the United States by Site Selection, due to six company expansions and one new company location in 2013. The new company, Dot Foods, the nation’s largest food distributor, will begin operations employing 250 people on Nov. 1, 2014.
Dyersburg/Dyer County is also home to Caterpillar, Firestone, Hillshire Farms, Eaton Corp., NSK Steering Systems, ERMCO, Northdown Industries, Excalibur Minerals, Royal Building Products, Sun Detergents, Hexpol, PolyOne, Heckethorn Manufacturing, Nordyne, SRG Global, Rough Country, Boss Hoss Cycles and Colonial Diversified Polymer Products.
Local labor and workforce development is aligned with manufacturing needs from the middle school level up through high school to the community college and technical school training level, via a close network of public school, higher education, workforce board officials and plant managers, who are all engaged as members of the Dyersburg/Dyer County Chamber of Commerce board of directors.