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ARTICLE · 04 OCTOBER 2016

Turkey Updates Incentive Scheme For Projects Supporting National Development

Moroglu Arseven
Moroglu Arseven
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Turkey has updated its project-based investment incentives scheme, providing financial support for innovative, technology-oriented, R&D focused, high value-added projects, which assist in reducing foreign dependency.

TurkeyGovernment, Public Sector
Dr. E. Seyfi Moroğlu, LL.M.
Dr. E. Seyfi Moroğlu, LL.M.
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Turkey has updated its project-based investment incentives scheme, providing financial support for innovative, technology-oriented, R&D focused, high value-added projects, which assist in reducing foreign dependency. The incentives are available to projects which comply with the Turkish government's targets outlined in national development plans and annual programs, as well as projects specifically promoted by the Ministry of Economy.

The Law on Supporting Investments on Project Basis and Amending Certain Laws and Decrees numbered 6745 was published in Official Gazette number 29824 on 7 September 2016 ("Amendment Law").

Accordingly, qualifying projects could receive the following support instruments and exemptions:

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