Below you can find explanations of the terms and concepts frequently encountered in investment incentive processes.
It is an official document that allows an investor to benefit from state-provided supports such as tax reduction, VAT exemption, and customs duty exemption for their project.
It refers to the establishment of a production facility from scratch in an area where no production has been done before. The absence of infrastructural integrity is essential.
It is an expansion investment made to increase the capacity of an existing production facility. The addition of new machinery to the production line falls into this category.
These are investments made for purposes such as renewing the technological infrastructure of an existing facility, increasing its efficiency, or reducing its energy consumption.
These are additional machinery-equipment investments made to produce a final product different from what is currently produced in an existing facility.
It is an additional type of investment integrated into an existing production process, either forward (processing the produced product) or backward (raw material production).
It is the relocation and re-establishment of all or part of the machinery and equipment of an existing production facility to a different location.
It covers investments such as laboratories and prototype production units aimed at creating scientific and technological innovation or improving existing technology.
It is the exemption from customs duty for new machinery and equipment to be imported under the incentive certificate.
It is the non-payment of VAT on purchases of machinery-equipment, software, and intangible rights within the scope of the incentive certificate. It is valid for both domestic purchases and imports.
It is the application of a discounted rate on the corporate or income tax that the investor will pay on their earnings, until the "investment contribution amount" is reached.
Under the tax reduction, it is the rate that indicates what portion of the investment amount corresponds to the earnings that will benefit from the discounted tax.
It is the coverage by the Ministry of a portion of the interest or profit share of TRY-denominated investment loans with a maturity of at least 1 year used under the incentive certificate.
It is the coverage by the state of the portion of the employer's SSI premium corresponding to the minimum wage for new employment created by the investment, for periods that vary by region.
This is an additional support, valid only for investments in the 6th region, where the employee's own share of the insurance premium is also covered by the state, in addition to the employer's share.
It is the allocation of public lands to investors for approved investments, either free of charge or under favorable conditions.
It is the acronym for the Electronic Incentive Application and Foreign Capital Information System. It is the official system that enables the electronic execution of investment incentive procedures (application, revision, closing, etc.).
It is the procedure that officially registers that the investment has been completed in accordance with the incentive certificate and enables the closing of the certificate.
It is the official update procedure for changing elements on the incentive certificate such as the investment period, investment subject, machinery list, or investment location.
It is the additional time granted by the Ministry, if deemed appropriate, for projects that cannot be completed within the period foreseen in the certificate.
It is the machinery and equipment produced by manufacturers based in Turkey that can be the subject of an incentive certificate.
It is the machinery and equipment procured from abroad that can benefit from supports under the incentive certificate.