{"id":1129,"date":"2020-07-02T10:23:54","date_gmt":"2020-07-02T07:23:54","guid":{"rendered":"https:\/\/kokvekok.com\/?p=1129"},"modified":"2020-07-02T10:33:59","modified_gmt":"2020-07-02T07:33:59","slug":"government-incentives-regarding-foreign-investments","status":"publish","type":"post","link":"https:\/\/kokvekok.com\/en\/government-incentives-regarding-foreign-investments\/","title":{"rendered":"Government Incentives Regarding Foreign Investments"},"content":{"rendered":"
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Ministry of Industry and Technology (General Directorate of Incentive Implementation and Foreign Investment)<\/strong>
<\/p>\n

    \n
  • 2012\/3305 numbered Resolution<\/li>\n
  • 2012\/1 numbered Communique<\/li>\n
  • 2018\/11930 numbered Resolution<\/li>\n<\/ul>\n

    GENERAL INFORMATION<\/strong><\/p>\n

    Five different systems are provided within this Investment Programme, which are as follows:<\/p>\n

    Regional Incentive Applications<\/strong><\/p>\n

    Mainly aims at reducing development gap between the cities and increasing export potential.<\/p>\n

    Components of this System:<\/p>\n

      \n
    • VAT Exemption – KDV \u0130stisnas\u0131<\/li>\n
    • Customs Duty Exemption – G\u00fcmr\u00fck Vergisi Muafiyeti<\/li>\n
    • Tax Reduction – Vergi \u0130ndirimi<\/li>\n
    • Support for Employer\u2019s National Insurance Contribution – Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi<\/li>\n
    • Allocation for Investment Place – Yat\u0131r\u0131m Yeri Tahsisi<\/li>\n
    • Support for Loan Interest – Faiz Deste\u011fi<\/li>\n
    • VAT Return – KDV \u0130adesi<\/li>\n<\/ul>\n

      Primary Investment Matters<\/strong><\/p>\n

      Aims at granting incentives provided for 5th<\/sup> Region (these are least developed cities and amount\/percentage of supports are relatively high for this region) for specific investments matters.<\/p>\n

      Components of this System:<\/p>\n

        \n
      • VAT Exemption – KDV \u0130stisnas\u0131<\/li>\n
      • Customs Duty Exemption – G\u00fcmr\u00fck Vergisi Muafiyeti<\/li>\n
      • Tax Reduction – Vergi \u0130ndirimi<\/li>\n
      • Support for Employer\u2019s National Insurance Contribution – Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi<\/li>\n
      • Allocation for Investment Place – Yat\u0131r\u0131m Yeri Tahsisi<\/li>\n
      • Support for Loan Interest – Faiz Deste\u011fi<\/li>\n
      • Support for Income Tax Withholding \u2013 Gelir Vergisi Stopaj\u0131 Deste\u011fi<\/li>\n<\/ul>\n

        Macro-scaled Investments<\/strong><\/p>\n

        Aims at increasing technological and research-development potential and supports goods that have potential on creating competitive advantage.<\/p>\n

        Components of this System:<\/p>\n

          \n
        • VAT Exemption – KDV \u0130stisnas\u0131<\/li>\n
        • Customs Duty Exemption – G\u00fcmr\u00fck Vergisi Muafiyeti<\/li>\n
        • Tax Reduction – Vergi \u0130ndirimi<\/li>\n
        • Support for Employer\u2019s National Insurance Contribution – Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi<\/li>\n
        • Allocation for Investment Place – Yat\u0131r\u0131m Yeri Tahsisi<\/li>\n
        • Support for Income Tax Withholding \u2013 Gelir Vergisi Stopaj\u0131 Deste\u011fi<\/li>\n
        • Support for Loan Interest – Faiz Deste\u011fi<\/li>\n<\/ul>\n

          Strategic Investments<\/strong><\/p>\n

          Has the purpose to reduce Current Deficit by supporting production of goods with high added value.<\/p>\n

          Components of this System:<\/p>\n

            \n
          • VAT Exemption – KDV \u0130stisnas\u0131<\/li>\n
          • Customs Duty Exemption – G\u00fcmr\u00fck Vergisi Muafiyeti<\/li>\n
          • Tax Reduction – Vergi \u0130ndirimi<\/li>\n
          • Support for Employer\u2019s National Insurance Contribution – Sigorta Primi \u0130\u015fveren Hissesi Deste\u011fi<\/li>\n
          • Allocation for Investment Place – Yat\u0131r\u0131m Yeri Tahsisi<\/li>\n
          • Support for Income Tax Withholding \u2013 Gelir Vergisi Stopaj\u0131 Deste\u011fi<\/li>\n
          • Support for Loan Interest – Faiz Deste\u011fi<\/li>\n
          • VAT Return – KDV \u0130adesi<\/li>\n<\/ul>\n

            General Incentives<\/strong><\/p>\n

            Other investment matters that are not stipulated under other systems.<\/p>\n

            Components of this System:<\/p>\n

              \n
            • VAT Exemption – KDV \u0130stisnas\u0131<\/li>\n
            • Customs Duty Exemption – G\u00fcmr\u00fck Vergisi Muafiyeti<\/li>\n
            • Support for Income Tax Withholding \u2013 Gelir Vergisi Stopaj\u0131 Deste\u011fi (Only for 6th<\/sup> Region)<\/li>\n<\/ul>\n

               <\/strong>Procedure to Benefit from Investment Incentives<\/strong><\/p>\n

              Investors should apply for the IIC (Investment Incentive Certificate) in order to benefit incentives under a certain system. Application should be made to the Ministry (Directorate General of Implementation of Incentive and Foreign Capital) or local authorities (Chambers of Industry or Development Agents).<\/p>\n

              Real persons, partnerships, capital stock companies, cooperatives, unions, joint ventures, public institutions and organizations, professional organizations with public institution status, associations and foundations and branches of foreign companies meeting conditions stipulated under each system are eligible for applying. As provided by the Act, foreigners and legal entities established per foreign laws also benefit from incentives granted by the System under the principle of equal treatment.<\/p>\n

              Application procedure has been defined in the Communiqu\u00e9. According to Communiqu\u00e9 in order for an investment to benefit from these incentives, investment projects should be accepted as eligible by the Directorate in terms of macro-economic programs, supply-demand balances and industrial, fiscal and technical aspects and the investments should be tied to an investment incentive certificate (\u201cIIC\u201d). In order to get this Certificate one should apply before establishment of the Investment.  This is an important issue because one can only benefit from incentives with this IIC Document. Any investment which is established before granting of the IIC Document cannot benefit from incentives provided under this Communique.<\/p>\n

              <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

              Ministry of Industry and Technology (General Directorate of Incentive Implementation and Foreign Investment) 2012\/3305 numbered Resolution 2012\/1 numbered Communique 2018\/11930 numbered Resolution GENERAL INFORMATION Five different systems are provided within this Investment Programme, which are as follows: Regional Incentive Applications Mainly aims at reducing development gap between the cities and increasing export potential. Components of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1129","post","type-post","status-publish","format-standard","hentry","category-dis-ticaret-hukuku"],"_links":{"self":[{"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/posts\/1129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/comments?post=1129"}],"version-history":[{"count":3,"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/posts\/1129\/revisions"}],"predecessor-version":[{"id":1134,"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/posts\/1129\/revisions\/1134"}],"wp:attachment":[{"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/media?parent=1129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/categories?post=1129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kokvekok.com\/en\/wp-json\/wp\/v2\/tags?post=1129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}