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ARTICLE · 24 APRIL 2017

Turkey Tweaks Government Financial Support Scheme for Technological Products

Moroglu Arseven
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Turkey has amended the scope and procedure of a government investment support scheme for technological products ("Scheme"). Notably, support for loan interest has been removed from the Scheme, but micro-enterprises have become eligible to apply for support.

TurkeyFinance and Banking
Işık Özdoğan, LL.M.
Işık Özdoğan, LL.M.
Yonca Çelebi
Yonca Çelebi
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Turkey has amended the scope and procedure of a government investment support scheme for technological products ("Scheme"). Notably, support for loan interest has been removed from the Scheme, but micro-enterprises have become eligible to apply for support. The Scheme now also includes technological products resulting from R&D projects in technology development areas, as well as produced by public research organizations.

The Regulation Amending The Regulation of The Investment Support Program For Technological Products ("Amendment Regulation") was published in Official Gazette number 30032 on 8 April 2017, entering into effect on the same date.

Significant changes introduced by the Amendment Regulation include:

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