Investment Incentive System (Ministry of Industry and Technology)

Effective as of January 1, 2012, the new investment incentives system aims to tackle certain challenges:

• Reduction of dependency on the importation of intermediate goods for the purpose of alleviation of current account deficit  
• Incentivising high and medium-high technology intensity investments
• Reduction of development gap between various regions
• Improving the efficiency of investment supports
• Supporting clusters

Incentives are diversified in relation to the investment sector and investment amount. Real person entities, corporations, cooperatives, consortiums, branch offices of foreign companies are entitled to apply for investment incentive certificate issued by the Ministry of Industry and Technology.

Applications for investment incentive certificates are submitted to the Directorate of Incentives and Foreign Capital structured under the Ministry of Industry and Technology. Applications are processed through an online management system called “E-TUYS”. Only persons holding an electronic signature card with authorization from the Ministry shall apply for the certificate. For authorization to use E-TUYS system, following documents have to be filled and sent to the Ministry (forms are in Turkish) 

• Application form
• Commitment letter
• Authorization form

General Information on Various Incentive Schemes

* Pursuant to the President's Decision No. 2846, which was published in the Official Gazette No. 31220 and entered into force on 21.08.2020, the way for the evaluation of investment incentive zones on a district basis has been paved. In this context, the following districts can benefit from a sub-incentive region of the province they are located in.

* For investments over 500 million Turkish Liras, VAT on building/construction spenditures is refunded.