The insurance premium employer's share support, provided under the investment incentive system, is one of the significant cost advantages offered to investors. This support is applied with different conditions depending on the region, type, and location of the investment. Especially the fact that support is not provided in the 1st region, or only in certain cases, makes it necessary for investors to be correctly informed.
For the additional employment created by the investment under the incentive certificate, the portion of the insurance premium employer's share corresponding to the minimum wage is covered by the budget of the Ministry of Industry and Technology at certain rates and for specific durations.
No, as a general rule, there is no SSI employer's share support for investments made in the 1st region.
This support can only be applied limitedly in the following special cases, by benefiting from the conditions of a sub-region (2nd region):
SSI support is not applied for a 1st region investment that does not meet these conditions.
Region | Application Period | Support Rate (Employer's Share) |
---|---|---|
1st Region | None (except for OIZ/sub-region exceptions) | – |
2nd Region | 1 Year | 50% |
3rd Region | 2 Years | 50% |
4th Region | 4 Years | 50% |
5th Region | 8 Years | 50% |
6th Region | 12 Years | 100% |
If your investment is within the scope of the Technology Move, Local Development Move, or Strategic Move Program, the support period is more advantageous:
If one of the following conditions is met, the support is applied based on one sub-region; if both are met, it is based on two sub-regions. This extends the support period:
Example: An investment made within an OIZ in the 2nd region benefits from the support period of the 3rd region (2 years).
This support is only valid in the 6th region. After the completion visa of the investment is issued, for a period of 10 years, the portion of the SSI premium that should be deducted from the employee for additional employment, corresponding to the minimum wage, is also covered by the Ministry. This significantly reduces personnel costs for the investor.
The SSI employer's share support is a direct and long-term cost advantage for the investor. However, this support shows significant differences depending on the region where the investment is made, special locations like OIZs, and the incentive program it is part of.
Analyzing how and for how long you can benefit from SSI supports with expert assistance while planning your investment will make it possible to get the maximum benefit from the incentives.