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What is an Investment Incentive Certificate?

📄 What is an Investment Incentive Certificate? (2025 Update)

An Investment Incentive Certificate is an official document that provides numerous financial advantages to investors to encourage investments in Turkey. The legal basis for this certificate is the new investment incentive system, which was updated and put into effect with the Presidential Decree No. 9903, published on May 30, 2025.

With this certificate, investors are provided with various state supports such as VAT exemption, customs duty exemption, tax reduction, insurance premium, and interest (or profit share) support. The scope and rates of the incentives vary depending on the type, sector, and geographical region of the investment.

✅ The 5 Main Conditions Required for an Investment Incentive Certificate

According to the system, which was reorganized and put into effect by the Presidential Decree No. 9903 dated May 30, 2025, the following 5 basic conditions must be met to obtain an investment incentive certificate:

1. Eligible Investment Subject

The investment to be made must fall into one of the areas specified in the list of investment subjects (ANNEX-3) attached to the incentive decree. However, some special areas where the new system allows for flexibility are exceptions to this rule:

  • 🌿 Green Transformation Investments

  • 💻 Digital Transformation Investments

  • 🔥 Investments for Strengthening or Relocating Against Earthquake/Fire Risk

There are no sector or subject limitations for investments in such special areas.

2. Minimum Fixed Investment Amount

For the investment to benefit from supports, it is mandatory for it to be above a certain monetary size:

Region of InvestmentMinimum Fixed Investment Amount
Regions 1 and 2At least 12 Million TRY
Regions 3, 4, 5, and 6At least 6 Million TRY

*For investments made through financial leasing, a machinery and equipment investment of at least 3 Million TRY is required for each financial leasing company.

3. Ministry Approval

The investment project must be deemed appropriate by the Ministry of Industry and Technology in terms of the country's macroeconomic goals, supply-demand balance, and the project's technical/financial adequacy, and an incentive certificate must be issued.

4. Time Condition

Investors can make their applications to obtain an incentive certificate until December 31, 2030.

⚠️ Very Important Note: Expenditures made before the issuance date of the incentive certificate (e.g., machinery purchases, construction invoices) are not considered within the scope of the support. Therefore, it is mandatory to obtain the certificate before making any expenditures.

5. Ecosystem Development Plan (For Certain Investments)

As an innovation brought by the new system, it is mandatory for the following investors to prepare this plan:

  • Non-SME (large-scale) investors.

  • Those carrying out their investment under the Local Development Move Program.

This plan is a strategic document that supports the sustainability of the investment and includes expenditures of at least 2% of the fixed investment amount.

How to Obtain an Investment Incentive Certificate?

How to Obtain an Investment Incentive Certificate? Step-by-Step E-TUYS Guide (2025)

The Investment Incentive Certificate is an official document that allows companies investing in Turkey to benefit from numerous supports such as tax reduction, VAT exemption, and customs duty exemption. The application process is carried out through the Ministry of Industry and Technology's digital system, E-TUYS (Electronic Incentive Application and Foreign Capital Information System). Here is the process step-by-step:

🔑Step 1: User Authorization Application

Before all other processes, the individuals who will use the E-TUYS system on behalf of the company (company personnel or a consultant) must be authorized. This is the first and most important key to accessing the system.

Required Documents:

  • Authorization Request Petition (On company letterhead, stamped and signed)

  • Letter of Undertaking (Signed by the authorized person)

  • User Authorization Form

  • A valid e-signature and your company's REM (Registered Electronic Mail) address

These documents are scanned into PDF format and sent from the company's REM address to the Ministry's REM address. After Ministry approval, the authorized person is notified and can log in to the E-TUYS system.

🏢Step 2: Entering Investor Information into the System

After authorization is complete, the "Investor Information" section in E-TUYS becomes active. In this section, the following information is filled out completely and submitted for Ministry approval:

  • Company trade name and contact information

  • Tax number and affiliated tax office

  • The company's partnership structure and capital information

  • Authorized signatories and representatives listed in the signature circular

After the Ministry approves this information, the incentive certificate application module becomes available.

💳Step 3: Fee Payment (Mandatory Step)

Before the investment incentive certificate application officially begins, it is mandatory to pay the certificate fee, which is determined according to your project budget. The system will not open the application screen until the fee payment is approved.

📌 2025 Certificate Issuance Fee Amounts
Investment Amount Fee Amount (TRY)
Up to 5 Million TRY8,500 TRY
Between 5 – 25 Million TRY20,000 TRY
25 Million TRY and above40,000 TRY

Payment Process:

  • Fees can be paid via credit card, wire transfer, or EFT through the Ministry's "Easy Collection System".

  • The payment receipt must be uploaded to the system as a PDF.

✍️Step 4: Making the Incentive Certificate Application

After the fee payment is approved, the "New Incentive Certificate Application" menu opens. At this stage, all the details of your investment are entered into the system:

  • The type (completely new, expansion, etc.), subject, and province/district of the investment.

  • The total fixed investment amount and its items (land, building-construction, machinery-equipment, etc.).

  • The requested support elements (Tax Reduction, VAT Exemption, SSI Support, etc.).

  • A detailed list of domestic and imported machinery-equipment.

  • Other necessary additional documents (Industrial Registry Certificate, feasibility report, EIA certificate, etc.).

The application is submitted for Ministry evaluation by being approved with the authorized person's e-signature.

🏛️Step 5: Ministry Review and Certificate Issuance

The experts at the Ministry of Industry and Technology review the application from technical, financial, legal, and sectoral aspects. For projects deemed appropriate, an Investment Incentive Certificate is issued electronically and reflected on the investor's screen in the E-TUYS system.

Step 6: Using the Support Elements

After the certificate is obtained, the investor begins to use the supports, also through the E-TUYS system:

  • They upload documents such as invoices and customs declarations for machinery and equipment purchases to the system.

  • They activate incentives like VAT exemption, Customs Duty exemption, Tax Reduction, and SSI premium support.

⚠️ Important Notes

  • The certificate application process cannot be started without making the fee payment.

  • An additional fee of 2,000 TRY is paid for each revision procedure made after the certificate is obtained (for the year 2025).

  • All processes are conducted entirely digitally via E-TUYS, and no physical documents are sent.