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ARTICLE · 19 JANUARY 2017

Turkey Introduces Support Scheme For Investments Into R&D And Innovation Projects

Moroglu Arseven
Moroglu Arseven
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Turkey has introduced a support scheme for investments into R&D, innovation, and high value-added projects.

TurkeyGovernment, Public Sector
Dr. E. Seyfi Moroğlu, LL.M.
Dr. E. Seyfi Moroğlu, LL.M.
A. Başak Acar, LL.M.
A. Başak Acar, LL.M.
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Turkey has introduced a support scheme for investments into R&D, innovation, and high value-added projects. The scheme aims to encourage investments which support the country's critical current and future needs, as well as provide supply security, reduce foreign dependency and realize technological development. To qualify, the fixed investment amount should be at least US $100 million and be made for purposes which are consistent with the scheme's intentions.

The Ministry of Economy ("Ministry") published the Decision on Support for Project Based Investments ("Decision"), in Official Gazette number 29900 on 26 December 2016.

Qualifying investments can potentially receive:

  • Exemptions from customs duties.

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