GOVERNMENT INCENTIVES TO INVESTORS

Incentives Provided By The ministry of Industry and Technology

INCENTIVES INSTRUMENTS

VAT Exemption

VAT Exemption

Value-Added Tax (VAT) is not payable for machinery and equipment to be purchased.

Customs Duty Exemption

Customs Duty Exemption

Customs duty is not payable for machinery and equipment to be supplied from abroad.

Corporate Tax Reduction

Corporate Tax Reduction

Customs duty is not payable for machinery and equipment to be supplied from abroad.

Social Security Premium Support (Employer’s Share)

Social Security Premium Support (Employer’s Share)

Customs duty is not payable for machinery and equipment to be supplied from abroad.

Social Security Premium Support (Employee’s Share)

Social Security Premium Support (Employee’s Share)

The income tax determined for employment will be exempt.

Interest Rate Support

Interest Rate Support

A certain portion of the interest to be paid for loans obtained will be covered by the government.

VAT Refund

VAT Refund

VAT refund is provided for building and construction expenditures.

Land Allocation

Land Allocation

Land is allocated for investment based on the availability, in accordance with the principles and procedures set by the Ministry of Environment and Urbanization.

Infrastructure Support

Infrastructure Support

Investor’s infrastructural needs such as electricity, natural gas, etc. can be covered.

Energy Support

Energy Support

Energy expenditures will be partially rebated to the investor.

Capital Contribution Support

Capital Contribution Support

Government can make capital contribution of up to 49% of the investment amount.

Purchasing Guarantee

Purchasing Guarantee

Public purchase guarantee can be provided for products to be produced within the scope of the investment.

Facilitation of Authorization/ Permit/ License Procedures

Facilitation of Authorization/ Permit/ License Procedures

An exception may be introduced by virtue of a presidential decree for authorizations, allocation, permits, licenses and registrations among other restrictive provisions.

Training Support

Training Support

Daily expenses and eligible training costs will be covered by İŞKUR.

Qualified Personnel Support

Qualified Personnel Support

Gross wages of qualified personnel to be employed for up to 5 years will be covered (up to 20 times the gross minimum wage)

R-D-Design-Discount

R&D/Design Discount

R&D and design expenditures are wholly deductible from the corporate tax base.

Corporate Tax Exemption

Corporate Tax Exemption

No corporate tax is payable.

Cash Support

Cash Support

Eligible expenditures are partially rebated by the institution providing support after the expenditures are paid.

Credit Support

Credit Support

Credit opportunities with reduced rates are provided to investors to improve exportation.

Special Consumption Tax Exemption

Special Consumption Tax Exemption

Enterprises in free zones are exempt from special consumption tax.

Property Tax Exemption

Property Tax Exemption

No property tax is payable for land and buildings.

Stamp Duty Exemption

Stamp Duty Exemption

No property tax is payable for land and buildings.

INVESTMENT GROUP, INVESTMENT INCENTIVE TEAM

  • Has extensive experience with investment incentives authorities
  • Prepares preliminary financial calculations for investment projects
  • Prepares tailor-made information packages on available incentives
  • Assists and guides through the process of applying for investment incentives
  • Communicates in the investor’s language
  • Supports further expansion and business plans
  • Provides all services free-of-charge and works on a confidential basis