1. Investment Incentives In Türkiye

Turkiye’s investment incentive system, launched in April, 2012, became effective by the “Council of Minister’s Decree No. 2012/3305 on Government Subsidies for Investments” of June 15, 2012. Within these regulations, investments that meet certain minimum conditions to be made in Türkiye can benefit from incentives with a wide range of instruments depending on the investment subject and investment province. By using the Incentives Wizard web application which was created by the Ministry of Industry and Technology, Directorate General of Development Agencies, it is very easy to reach the investment incentives results and calculation of the amount of total returns of your investment is possible. Incentives Wizard web application is also avaliable in English Language. It can be accessed from the link below:

https://www.yatirimadestek.gov.tr/incentives-wizard

2. Fundamentals of The Incentive System In Türkiye

Regional Perspective

Türkiye is divided into 6 regions according to the industrialization level. Region 1 consists of the most developed cities, and Region 6 includes least developed cities. The aim of this perspective is to contribute to the development of less developed regions by encouraging investment. Denizli is classified as 2 th region province.

Product Perspective

On the other hand, there are a few exceptions to the regional perspective. For example, while medium-high tech products can benefit from Region 4 incentives, high tech products can benefit from Region 5 incentives independent of the investment region. There is an also incentive program called “Project Based Incentives” which is a tailored scheme to attract investments having high importance for Türkiye.

3. Investment Incentive Certificate Application

Investment Incentive Certificate applications can be made through the web-based system called E-TUYS. Only those who have a qualified electronic certificate and whose authorization application request has been approved by the Ministry can access the system to carry out investment incentives via E-TUYS. For this reason, investors must apply to the Ministry to perform the authorization process in the first step. After the authorization request is finalized by the Ministry, the persons authorized to perform transactions via E-TUYS can log into the system and initiate transactions. Denizli Investment Support Office provides free consultancy during the application process.

4. Types Of Incentives

In the investment incentive system, investments are supported in different types as General Investment, Regional Investment, Sub-Regional Investment, Priority Investment and Strategic Investment. The benefits of incentives vary according to the subject of the investment. The table below shows the different types investment incentives in Denizli.

Table: Types of Investment Incentives in Denizli