DOING BUSINESS IN TURKEY
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Doing Business in Turkey<br />
41<br />
BUS<strong>IN</strong>ES<br />
<strong>IN</strong>CENTIVES<br />
<strong>IN</strong> <strong>TURKEY</strong><br />
<strong>IN</strong>CENTIVES<br />
Local and foreign investors can<br />
benefit from incentives equally in<br />
Turkey.<br />
There are 4 types of investment<br />
schemes in the incentive system<br />
of Turkey, which are:<br />
• General Investment<br />
Incentives<br />
• Regional Investment<br />
Incentives<br />
• Large Scale Investment<br />
Incentives<br />
• Strategic Investment<br />
Incentives<br />
There are several support instruments for investment<br />
schemes including VAT exemption, customs duty exemption<br />
and tax deduction.<br />
Whole list of support instruments that may be used for a<br />
specific investment scheme taken from Investment Guide<br />
published by Investment Support and Promotion Agency of<br />
Turkey (http://www.invest.gov.tr) can be found in the following<br />
table:<br />
*Provided that the investment is made in Region 6.<br />
**Provided that the investment is made in Regions 3, 4, 5 or 6 within the<br />
framework of the Regional Investment Incentives Scheme.<br />
***For construction expenditures of strategic investments with a minimum<br />
fixed investment amount of TRY 500 million.<br />
Centrum Consulting | 2017
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