PRIORITY INVESTMENT INCENTIVES
In order to encourage the production of high-tech products and the production in our country of products that have to be imported from abroad, the investments to be made in the identified areas have been determined as priority investments and the supports applied in the 5th Region are provided to these investments even if they are realized in the 1st, 2nd, 3rd and 4th Regions. If these investments are realized in Regions 5 and 6, the supports applied in their own regions are provided to these investments.
Priority Investment Topics are listed as follows
-Pharmaceutical manufacturing.
-Manufacture of office, accounting and data processing machines.
-Manufacture of radio, television, communication equipment and devices.
-Manufacture of medical instruments, precision and optical instruments and watches.
-Manufacture of air and space vehicles.
-Tourism accommodation investments in Culture and Tourism Protection and Development Zones or in thermal tourism that can benefit from regional support.
-Mining investments.
-Investments in freight and passenger transportation by rail, sea or air.
-Defense industry investments.
-Test center investments for products classified as medium-high and high-tech industries according to the Organization for Economic Cooperation and Development (OECD) technology density definition.
-Investments in nursery and day care centers and pre-school education, primary, secondary and high school education investments to be realized by the private sector, and training investments for the repair and maintenance of aircraft.
-Investments for the production of products or parts developed as a result of R&D projects supported by the Ministry of Industry and Technology, TÜBİTAK and KOSGEB.
-Investments to be realized in the main industry of motor vehicles with a minimum amount of TL 300 million, engine investments with a minimum amount of TL 75 million, engine components, drivetrain/parts and automotive electronics investments with a minimum amount of TL 20 million.
-Electricity generation investments where minerals in the 4-b group defined in the Mining Law No. 3213 are used as input.
-Energy efficiency investments to be realized in existing manufacturing industry facilities.
-Investments for electricity generation through recovery from waste heat.
-Liquefied natural gas (LNG) investments and underground natural gas storage investments with a minimum amount of TRY 50 million.
-Investments in the production of carbon fiber or in the production of composite materials made of carbon fiber, provided that it is combined with carbon fiber production.
-Investments for the production of products in the high-tech industry class according to the OECD technology intensity definition.
-Mineral exploration investments to be made in licensed areas by investors holding an Exploration License or Certificate issued pursuant to the Mining Law.
-Investments in the manufacture of turbines and generators for renewable energy production and the manufacture of blades used in wind energy production.
-Integrated investments for the production of aluminum flat products by direct cooled slab casting and hot rolling.
-Licensed warehousing investments.
-Nuclear power plant investments.
-Investments in certain types of laboratories.
Greenhouse investments based on automation (computer-controlled air conditioning, irrigation, fertilization and spraying systems) including domestically produced greenhouse technologies of 25 decares or more with a minimum amount of 5 million TL, excluding Istanbul.
-Investments subject to Environmental License under the Environmental Permit and License Regulation.
-Elderly and/or disabled care centers and wellness investments within the scope of health tourism.
-Investments for the production of medium-high technology products with a minimum amount of 500 million TL.
-Investments in the production of software and IT products to be realized in specialized free zones without the requirement of minimum investment amount.
-R&D and environmental investments.
-Manufacture of electric or hydrogen-powered transportation vehicles.
-Data center investments at certain standards that meet the minimum 5,000 m² white space requirement.
Support Elements Provided for Priority Investments
Support Elements |
Support Rates and Periods |
|
VAT Exemption |
Yes |
|
Customs Duty Exemption |
Yes |
|
Tax Reduction |
Investment Contribution Rate (%) |
40 |
Tax Reduction (%) |
80 |
|
Insurance Premium Employer Share Support |
7 Years |
|
Investment Location Allocation |
Yes |
|
Interest or ProfitShare Support |
Domestic Credit |
5 Points |
Foreign Currency/Foreign Exchange Indexed Loan |
2 Points |
|