INCENTIVES IN IZMIR

To encourage investments in manufacturing and services, energy sector and exports, investment incentives scheme is amended continuously. The implementation of Turkish incentive regime varies depending on the location, scale and subject of investments. General Directorate of Foreign Investment, Undersecretary of Treasury, needs to allocate an Investment Incentive Certificate in order to enjoy these investment incentives.

Investments started before the 31st December 2010 will receive better treatment. The concept of “starting an investment”, in this context, means that certain expenditures such as purchasing land, building infrastructure, starting construction, or purchasing equipment are made. However, in situations where a minimum 10 % of fixed investment in incentive certificate for regional incentives or a minimum 5 million TL for Large Scale Investments is already in place, investment is deemed as underway.