New Regulations Regarding Organized Industrial Zones

Organized Industrial Zones Implementation Regulation (the "Regulation") entered into force on the date of its publication in the Official Gazette dated 2 February 2019 and numbered 30674 and repealed the previous regulation. The Regulation basically simplifies the provisions regarding the establishment and operation of Organized Industrial Zones ("OIZs"). In this regard, while certain detailed provisions have been replaced by references to primary legislation, some have been preserved in a more organized manner. The Regulation also introduces certain amendments. In this article, we only refer to the amendments introduced by the Regulation which we consider to be significant to the daily operation of OIZ participants.