Turkish Republic Of Northern Cyprus

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20• Before issuing Incentive Certificate, projects have to go through theCity Planning Department, Environment Protection Departmentand the Ministry related with the sector. Once the negative opinionis given by any of the institutions, SPO does not issue the IncentiveCertificate.• If the investor cannot finalise the investment within the time periodstated in the Incentive Certificate, the investor can apply to SPOwith the valid justifications and the period can be extended 3 times.• Incentive legislation is for those projects that provide value addedproducation and not for trade.• The Incentive Law treats the local and foreign investors equallyonce they set up the company at the Company Register <strong>Of</strong>fice.
Investment Incentives Applied Under the Incentives21• LawThe following incentives are applied to investments with ,incentivecertificates, regardless of whether an investor is local or foreign.Incentive Certificates are granted from the State PlanningOrganization.• Investment AllowanceInvestment allowance is 200% on the initial fixed capital investmentexpenditure for the investments in Priority Development Regions andin sectors with special importance.Investment allowance is 100% on the initial fixed capital investmentexpenditure for the investments in other sectors and regions.Güzelyurt and Karpaz were determined as Priority Development Regionsby the Council of Ministers.
Page 1 and 2: 1T U R K I S H R E P U B L I C O F
Page 3 and 4: 3• The economy of TRNC is dominat
Page 5 and 6: • Export from TRNC to EU countrie
Page 7 and 8: Import Products for TRNC($)Products
Page 9 and 10: Total Imports by Islamic Countries(
Page 11 and 12: Green Line Regulation• From North
Page 13 and 14: Total Exports,According the Green L
Page 15 and 16: The Number Of Tourists In Tourist A
Page 17 and 18: Higher Education1740,0003320230,000
Page 19: INCENTIVES FOR INVESTORS• The Law
Page 23 and 24: Investment Incentives Applied Under
Page 25 and 26: Incentive Certificates Issued Under
Page 27: 27Thank youÖdül MuhtaroğluDirect

Turkish Republic Of Northern Cyprus

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