What is an Investment Incentive Certificate? (In Turkey)
It’s a certificate for the investment projects that are entitled to receive support according to the measures of the new Decree and includes the main characteristics of the investment project.
Who can apply for an Investment Incentive Certificate?
Real persons, ordinary partnerships, stock corporations, cooperatives, joint ventures, public institutions and agencies, public professional organizations, associations and foundations, Turkish branches of foreign-based companies can benefit from supports extended under the Investment Incentives Program of Turkey provided that they satisfy all criteria set for each scheme.
Is there any list of projects that are not supported?
The Annex-4 of the Investment Incentive Decree lists all the projects that are not entitled for support.
Are the investment incentive certificates issued before Jan 1, 2012 entitled for these new supports?
Unfortunately, this new investment incentive system is for the certificates issued before the enactment date. However, according to the Council of Minister’s Decree no. 2009/15199, the certificates issued between January 1, 2012 and June 19, 2012, investors can benefit from the new system if they wish.
Source: Ministry of Trade (link: https://www.trade.gov.tr/investment/faq)
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