General Matters

Turkey’s investment incentive system, launched in April, 2012, became effective by the “Council of Minister’s Decree No. 2012/3305 on Government Subsidies for Investments” of June 15, 2012. The Regulation No. 2012/1 defines procedures and principles for the implementation of the Decree. It covers both the investments to be made by Turkish citizens and the direct investments to be made by foreign investors.

The investment incentive system consists of general incentive applications, regional incentive applications and incentives to be given to strategic investments.

In order to benefit from the investments support elements, the project must be approved by the Ministry of Industry and Technology and an incentive certificate must be issued.

According to Article 4 of the Incentive Decree, real persons, ordinary partnerships, capital companies, cooperatives, unions, business partnerships, public institutions and organizations, professional organizations, associations and foundations, and foreign companies’ branches in Turkey can apply to Incentive Certificate.

Applications can be made by the authorized user through the E-TUYS application on the website of the Ministry of Industry and Technology.