SMEs are companies operating in manufacturing, agro-industry, tourism, education and healthcare, mining and software development industries employing less than 250 employees and earning less than 25 million

TRL in revenue or turnover per annum.

Incentives granted to SMEs include:

1) Exemption from customs duties
2) VAT exemption for imported and domestically purchased machinery and equipment
3) Credit allocation from budget
4) New credit guarantee support

The Treasury announced the establishment of a new guarantee program to meet financial needs of SMEs. A fund of 1 Billion TRL will be transferred to the Credit Guarantee Fund (KGF) to create credit capacity worth 10 billion TRL. The Treasury also guarantees a 65% share of these credits.

5) KOSGEB support to SMEs
Small and Medium Enterprises Development Organization (KOSGEB) makes significant contributions to strengthening SMEs via various support instruments in financing, R&D, common facilities, market research, investment site, marketing, export and training.

Export support package from KOSGEB:

With a low-interest rate and a 6-month grace period, an export credit support of 1 Billion USD (max. 200,000 USD per SME).