Incentive Programs of the Ministry of Industry and Technology

Republic of Turkey Ministry of Industry and Technology incentive programs It is aimed to pave the way for investments that can contribute to economic development. All entrepreneurs or investors, from the smallest to the largest, can apply for these financial supports. If you have a good idea or capital, you can get all the information about the details of these incentive programs from our content. Who knows, maybe that business idea that you believe will work can be realized with the approval of your incentive program application.

The Ministry of Industry and Technology provides financial support to many projects, primarily on issues of strategic importance for our country, through incentive programs. Within the scope of incentive programs, applicant projects and investments are supported with different incentives such as tax reduction and profit share support, with a priority on strategically important issues for our country. There are incentive systems for the economic development of Turkey in many subjects such as increasing the production of value-added products, reducing imports, and projects that can help indigenization in the defense industry. At the same time, the economic development in Turkey to less developed regions of our country. There are incentives to spread. All these incentives are provided within the framework of development plans. Come now TR Ministry of Industry and TechnologyLet’s detail these incentive programs offered by what are the terms and how to apply Let’s answer your questions.

Support and incentive programs provided by the TR Ministry of Industry and Technology:

Investment Incentive System and Project Based Incentive System There are two types of incentive systems. The Ministry of Industry and Technology of the Republic of Turkey aims at different developments with these two different systems. Although the areas of targeted developments are different from each other, the main target of the Ministry of Industry and Technology contribute to economic development. If you have an idea in this context and you meet the application requirements of the incentive programs, we strongly recommend that you apply.

Investment Incentive System and its purpose

You don’t even have to have any ideas for the Investment Incentive System. A small or medium sized If you have the capital to investYou can apply for this incentive system. If you meet the conditions Supports such as allocation of space, insurance premium support, interest or profit share support, tax deductions and exemptions can be offered to the business you will create as a result of your investment.

With this incentive system, in order to reduce the current account deficit, increase the production of intermediate goods and products with high import dependency, support high and medium-high technology investments that will provide technological transformation, increase investment supports provided to underdeveloped regions and reducing regional disparities Many different developments such as Let us briefly and concisely with the proposals presented by the ministry. how to apply Let’s answer your questions step by step.

How to apply for the Investment Incentive System?

Step #1: Authorization

This step is the authorization of the user, that is, the experts, by the investor and the submission of the application documents. General Directorate of Incentive Implementation and Foreign CapitalIt consists of sending the .

Step #2: Authorization confirmation email

Authorization directed to the e-mail address found in the documents submitted by the applicant during the application. is confirmed.

Step #3: Updating the user’s investor information

At this stage, the authorized user Via E-TUYS It is necessary to update the user information by following the steps in the Investor Information Guide presented by the General Directorate of Incentive Implementation and Foreign Capital, and submit the updated information to the Ministry for approval.

Step #4: Confirming investor information

In order to continue with the application, the updated investor information of the user must be approved by the Ministry of Industry and Technology. users, this after getting approval They can continue with the application process.

Step #5: Application for an incentive certificate via E-TUYS (Electronic Incentive Application and Foreign Capital Information System)

Finally, the application for a new Incentive Certificate must be made by the authorized user via E-TUYS by following the steps in the Incentive Certificate Guide, and submission of the application to the approval of the ministry The application process comes to an end.

Investment Incentive System application requirements:

In order to be able to apply for the Investment Incentive System, changing according to the regions determined with a capital higher than the maximum amount You should invest. You can find all the details about the regions on the official website of the ministry. The high number of applications increases the competition in incentive applications, so we do not want to hurt your hope. the probability of your application being rejectedIt should be noted that it is quite high.

Project Based Incentive System and its purpose

• The minimum fixed investment amount in the General Incentive System is 3 million TL in the 1st and 2nd regions, and 1.5 million TL in the 3rd, 4th, 5th and 6th regions.
• The minimum fixed investment amount for Regional Incentive Practices, starting from 1 million TL in the 1st and 2nd regions and from 1.5 million TL in the other regions, has been determined separately by the ministry for each supported sector and each province.
• For Strategic Investments, the minimum investment amount is fixed at 50 million TL for all regions.

The Project-Based Incentive System aims to support projects that can help meet Turkey’s current or future critical needs, reduce foreign dependency, and increase innovation and value-added production.

Within the scope of this incentive package, to investor companies; tax support, employment, financing and investment location support are offered. In addition, according to the projects, a public procurement guarantee is provided by the ministry. Now come to Project Based Incentive System how to apply Let’s examine it step by step.

How to apply for the Project Based Incentive System?

Step #1: Investor company and project information

Companies that want to benefit from the Project Based Incentive System by investing should first include the information of their companies and the details of their projects in their applications. Many information such as the balance sheet of the applicant investor company should be included in this section.

Step #2: Feasibility of the investment

Preparation of the feasibility of the existing financial infrastructure related to the investment most important step. Ministry; In this feasibility, it wants to present the past, present and future status of the investments of the companies by considering the structure of the companies.

Step #3: Impact analysis report

Before benefiting from the Project Based Incentive System, the applicant companies are required to report their analysis by previewing the effects of these incentives. Thus, the investments potential can be seen beforehand.

Step #4: Reporting the incentives to be provided and the reasons for the investment

The Ministry will determine which incentives within the system from the applicant companies will contribute more. to detect and companies make these determinations with their justifications. its reporting wants. Thus, the probability of receiving the incentive that is thought to contribute increases even more.

Step #5: Submission of the prepared documents and reports to the General Directorate of Development Agencies

As in the other system, the documents and reports prepared in this incentive package Electronic Incentive Application and Foreign Capital Information System(E-TUYS) and submitted to the General Directorate of Development Agencies. After this stage is completed, it remains to wait for the ministry to evaluate the application.

Project Based Incentive System application requirements:

• The minimum investment required for the program is 50 million TL.
• Companies must wait for the ministry’s call to apply. If companies have an investment of 500 million TL or more, they can apply to the system with the invitation of the ministry without waiting for the call.

Project Incentive System is a larger scale package than Investment Incentive System. While it may be sufficient to contribute to Turkey’s economic development with a small-scale capital in order to be included in the Investment Incentive System, this is not the case in the Project Incentive System. Project Incentive System, Turkey’s critical economic needs and strategies A more suitable incentive package for investors with large capital who can contribute. Don’t forget to leave your comments about the content below!