Sub-paragraph c, article 37 of Technology Development Zones Law no. 4691 reads as follows;
“The fees paid for the work of the R&D and support staff that work in the Zone and that are defined according to the present Regulation are exempt from all taxes until December 31, 2023.”
Sub-paragraph e, article 37 of Technology Development Zones Law no. 4691 reads as follows;
“With regard to the fees payable to the R&D staff that work within the scope of the software and/or R&D project carried out by the entrepreneurs in the Zone, for the work related to their responsibilities in the Zone, but which they realize outside the Zone, a deduction of 50% and 25% will be applicable on the income tax for, respectively, academicians in the payroll of universities and other R&D staff, subject to the approval of the managing company.”
Paragraph 2 of Technology Development Zones Application Regulation reads as follows:
“Those staff of public institutions and universities whose services as researcher and administrative staff may be required for the activities carried out in the Zone may be employed on a full time or part time basis, subject to the approval of their employer.
The revenues that part time/full time academicians; research staff; and specialists will earn for such services will be considered outside the revolving fund of the university. Staff that will be employed on a continuous basis will be on an unpaid-leave while maintaining their positions. The employer’s portion of the insurance premium that will be determined on the basis of the actual positions of the staff that are considered as insured within the scope of sub-paragraph c, paragraph 1, article 4, of the Social Insurances and General Health Insurance Law no.
5510 dated May 31, 2006, or the employer’s portion of pension deduction and general health insurance premiums for those within the scope of temporary article 4 of the Law no. 5510 will be paid by the legal entity they work for, and no severance pay will be made upon completion of their duty. Provisions of article 36 of the Higher Education Law no. 2547 dated November 4, 1981 that are in contradiction with hereof shall not be applicable.”
Paragraph 3, article 19 of Technology Development Zones Law no. 4691 reads as follows;
“Members of academic staff may, subject to the approval of the university board, may realize the studies envisaged in article 39 of the Law no. 2547 in local and foreign universities on a temporary basis, at the organizations located in the Zone.
The revenues that members of academic staff that are on duty in the Zone on a paid leave will be considered outside the scope of revolving fund. Furthermore, members of academic staff may establish companies, become partners of established companies and/or assume managerial positions in such companies in order to commercialize the results of their research, subject to the approval of the board.”