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ARTICLE · 06 DECEMBER 2016

Turkey Makes A Range Of Changes To Investment Support Scheme

Moroglu Arseven
Moroglu Arseven
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Turkey has made a range of changes to its state investment support scheme. Amendments apply to eligibility criteria, tax rates, support periods, as well as investment completion processes, among others aspects of the scheme.

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 made a range of changes to its state investment support scheme. Amendments apply to eligibility criteria, tax rates, support periods, as well as investment completion processes, among others aspects of the scheme.

The Decree Amending Cabinet Decree on State Supports for Investments ("Decree") was published in Official Gazette number 29848 on 5 October 2016.

Notable amendments under the Decree include:

  • Investors were previously required to apply to the Ministry of Economy for certain specified investments within the incentive scheme, worth up to ten million Turkish Lira. Investors can now apply to local offices located in the place where these investments are made, rather than to the central Ministry.

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