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Turkey's Investment Incentives System

 

Turkey's Investment Incentives System

The investment incentives scheme is specifically designed to encourage investments with the potential to reduce dependency on the importation of intermediate goods vital to the country’s strategic sectors.

Amongst the primary objectives of the new investment incentives scheme are to; reduce the current account deficit; boost investment support to lesser developed regions; increase the level of support instruments; promote clustering activities, and to support investments that will create the transfer of technology.

In order to further accelerate investment decisions, the new investment incentives system grants more advantageous supports for investments to be initiated by the end of 2013. Spending at least 10 percent of the investment amount will suffice for the investment to be considered as started.

Effective as of January 1, 2012, the new investment incentives system is comprised of four different schemes. Local and foreign investors have equal access to:

 

1-  General Investment Incentives Scheme

2-  Regional Investment Incentives Scheme

3-  Large-Scale Investment Incentives Scheme

4-  Strategic Investment Incentives Scheme

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