GOVERNMENTAL INCENTIVES AND R&D
GOVERNMENTAL INCENTIVES AND R&D
In line with the targets anticipated in the development plans and the annual programs, there is a comprehensive Incentive System in Turkey for the purposes of directing savings to investments with high added value, increasing production and employment, reducing dependence to imports, encouraging strategic investments with regional and large-scale investments that will enhance international competitiveness and with a high content of research and development, increasing international direct investments, reducing regional development disparities, supporting investments in clustering and environmental protection and research and development activities.
For this purpose, domestic and foreign investors may benefit from the following incentives;
- General Investment Incentives,
- Regional Investment Incentive Practices,
- Large Scale Investment Incentive Practices, and
- Strategic Investment Incentive Practices.
In addition, in accordance with Law No. 4691 on Technology Development Regions and Law No. 5746 on Supporting R&D and Design Activities, companies have been entitled to benefit from Corporate Tax, Income Tax, Stamp Duty, VAT and Customs Duty Exemptions, as well as Insurance Premium Employer Share Support.
DMF provides investment planning support, completion of application and termination procedures, auditing of the incentives and exemptions applied in relation to the companies' investments and activities by making use of these incentives and exceptions.
In line with the targets anticipated in the development plans and the annual programs, there is a comprehensive Incentive System in Turkey for the purposes of directing savings to investments with high added value, increasing production and employment, reducing dependence to imports, encouraging strategic investments with regional and large-scale investments that will enhance international competitiveness and with a high content of research and development, increasing international direct investments, reducing regional development disparities, supporting investments in clustering and environmental protection and research and development activities.
For this purpose, domestic and foreign investors may benefit from the following incentives;
- General Investment Incentives,
- Regional Investment Incentive Practices,
- Large Scale Investment Incentive Practices, and
- Strategic Investment Incentive Practices.
In addition, in accordance with Law No. 4691 on Technology Development Regions and Law No. 5746 on Supporting R&D and Design Activities, companies have been entitled to benefit from Corporate Tax, Income Tax, Stamp Duty, VAT and Customs Duty Exemptions, as well as Insurance Premium Employer Share Support.
DMF provides investment planning support, completion of application and termination procedures, auditing of the incentives and exemptions applied in relation to the companies' investments and activities by making use of these incentives and exceptions.