The following incentives are applied to investments with Incentive Certificates, regardless of whether an investor is local or foreign. Incentive Certificates are granted from the State Planning Organization.<\/p>\n
– Investment Allowance
\nInvestment allowance is 200% on the initial fixed capital investment expenditure for the investments in Priority Development Regions and in sectors with special importance.
\nInvestment allowance is 100% on the initial fixed capital investment expenditure for the investments in other sectors and regions.
\nG\u00fczelyurt and Karpaz were determined as Priority Development Regions by the Council of Ministers.<\/p>\n
– Exemption From Custom Duties and Funds
\nImport of machinery and equipments concerning the project are exempt from every kind of custom duties and funds in accordance with Incentive Certificate. Regulations on importation of raw materials and semi-finished goods are specified by the Prime Ministry and subject to the approval of the Council of Ministers.<\/p>\n
– Zero Rate VAT
\nZero rate VAT is applied for both the imported and locally purchased machinery and equipment in accordance with the Incentive Certificate.<\/p>\n
– State Owned Land and Building Lease
\nState owned land and building lease is possible for the investments that are granted Incentive Certificate in accordance with the regulations in force.<\/p>\n
– Fund Credits
\nLong term and low rate investment credits are available from the Investment and Export Incentive Fund.<\/p>\n
– Exemption From Construction Licence Fee
\nInvestments that are granted Incentive Certificates are exempt from all kinds of taxes and fees related with construction licence.<\/p>\n
– Reduction of Stamp Duty for Capital Increase
\nReduction of stamp duty concerning capital increase is provided for the investments that are granted Incentive Certificate.<\/p>\n
– Reduction of Fee on Mortgage Procedures
\nReduction of stamp and registration fees is applied on mortgage procedures necessary when using bank credit for the investments that are granted Incentive Certificate.<\/p>\n","protected":false},"excerpt":{"rendered":"
You can find incentives available for investors here.\t<\/p>\n","protected":false},"author":9,"featured_media":2412,"parent":1906,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-2199","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/pages\/2199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/comments?post=2199"}],"version-history":[{"count":67,"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/pages\/2199\/revisions"}],"predecessor-version":[{"id":3995,"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/pages\/2199\/revisions\/3995"}],"up":[{"embeddable":true,"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/pages\/1906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/media\/2412"}],"wp:attachment":[{"href":"https:\/\/erdalco.com\/en\/wp-json\/wp\/v2\/media?parent=2199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}