Obtaining an investment incentive certificate is just the beginning of the process. Reflecting changes in plans on the certificate during the investment period (revision) and properly closing the certificate once the investment is complete (completion visa) are critically important for benefiting from the incentives without any issues.
If a plan change is necessary during the investment process, a revision must be made to the existing incentive certificate. This allows the investor to align the process with the current situation without losing their incentive rights.
| Revision Area | Description | |
|---|---|---|
| 💰 | Fixed Investment Amount | Reflecting increases or decreases in the project budget on the certificate. |
| 🏭 | Field of Activity / Subject | Updating the NACE code or subject of the investment if it changes. |
| ⚙️ | Machinery-Equipment List | Adding new machinery to the list, removing items, or making model/price updates. |
| 🗺️ | Investment Location | Relocating the investment to an OIZ or changing its address. |
| ⏳ | Request for Additional Time | Requesting an extension if the investment cannot be completed within the foreseen period. |
| ➕ | Adding a Support Element | Adding elements like SSI support or interest support that were not initially requested. |
Revision procedures are only carried out electronically via the E-TUYS system before the certificate's expiry date.
The completion visa process must be carried out once the investment is finished. This procedure is the official closing step that shows the investment was realized in accordance with the incentive certificate and that the supports have been finalized.
With the closing procedure, post-investment supports such as SSI employer/employee share support and tax reduction become active.
If the completion visa application is not made within 3 months after the investment is completed, the Ministry issues a written warning. If the application is still not made, the incentive certificate may be canceled, and the supports used can be reclaimed with interest.
A feasibility report is a document prepared by expert organizations that provides a detailed technical, economic, and financial analysis of the investment. In the new system, it is mandatory to submit one for certain large and strategic investments.
This report can only be prepared by development/investment banks that have a protocol with the Ministry or by authorized Sworn-in CPAs (YMMs).
The main lists and documents frequently referred to during the incentive process are as follows:
| Document / List Name | Description | |
|---|---|---|
| 🔬 | ANNEX-1: Technology Classification | Contains the NACE codes that classify investments as High and Medium-High Technology. |
| ✅ | ANNEX-3: Supported Sectors | Specifies the manufacturing industry sectors and NACE codes supported under the Target Investments Incentive System. |
| 📋 | Priority Product List | This is the list where the Ministry announces the specific products and technologies it will support for that year under the Technology Move Program. |
| 🚫 | List of Items Not Benefiting from Customs Exemption | Contains the exceptional products and sectors for which the customs duty exemption support is not applied. |
| ⚖️ | Decree No. 9903 and Communiqués | These are the main legal texts that determine all the rules and principles of the new investment incentive system. |
| 📂 | E-TUYS Authorization Documents | These are standard documents required to use the system, such as the Letter of Undertaking, Authorization Form, and Petition. |