What incentives are available for foreign companies ?
The Turkish incentive system for investments can be classified under three main headings : – General Incentive Regime – Incentives granted to Small and Medium Sized Enterprises (SMEs) – Incentives granted to less developed regions 4.5 General Incentive Regime : The main incentive tools granted to investors by the current legislation are; – Exemption from customs duties and fund levies – Investment allowance – VAT (Value Added Tax) exemption for imported and locally purchased machinery and equipment – Exemption from taxes, duties and fees Exemption from customs duties and fund levies : This incentive measure ensures that the imported machinery and equipment for the investment can be brought to the country with the exemption of customs duties and fund levies. The machinery and equipment which are to be imported under this measure must be included in the import machinery and equipment list to be approved by GDFI. Within this context, raw materials and intermediate goods cannot be imported
