Investment incentive certificate is an important tool for businesses that want to grow and gain competitive advantage in the business world. The document encourages investment processes by providing various advantages to enterprises. In order to benefit from the investments to be made in Turkey, state supports and incentive measures, real-legal persons or organisations with domestic or foreign capital must obtain the certificate before starting the investment.
Investment incentive certificate is an official document issued by the state in case an enterprise invests in a certain region or sector. It offers various tax advantages, incentives and supports to businesses. Thanks to the document, businesses are protected and incentivised by the state for a certain period of time.
Advantages of Investment Incentive Certificate
Investment incentive is a support mechanism in which the state encourages investors by giving up its own gains in order to increase large-scale investments. Investment incentive has been continuing without interruption since the Ottoman Empire period, although it has shown various changes. Investment incentive certificate provides great benefits for investors.
The investment incentive certificate contains many advantages in terms of its scope. Four different incentive applications determined within the programme offer many privileges in themselves and in common. The advantages to be utilised in the investment incentive certificate vary depending on many variables such as the subject, scope and location of the investment.
- Tax Reduction: With the investment incentive certificate, enterprises can benefit from significant reductions in tax rates. This can increase profitability by reducing operating costs.
- Customs Exemption: Businesses that will invest in certain sectors can benefit from additional advantages such as customs exemption in import and export.
- Investment Support: Financial incentives such as cash incentives, grant programmes and infrastructure support can be offered to enterprises that receive investment incentive certificates.
- Employment Support: Businesses can receive employment support when they commit to creating employment. This contributes positively to local economies.
Types of Investment Incentive Certificate
Investment incentive certificate can be issued in different types according to the type and size of the investment to be made by the enterprise.
- General Investment Incentive Certificate
- Regional Investment Incentive Certificate
- Strategic Investment Incentive Certificate
- Project Based Investment Incentive Certificate
- Large Scale Investment Incentive Certificate
- Priority Investment Incentive Certificate
Each type of investment incentive certificate offers different incentives suitable for the needs of the business and the investment to be made. The investment incentive certificate creates a great opportunity for those who want to grow in the business world.
How to Obtain Investment Incentive Certificate?
In our country, many government support and incentives for investments have been implemented for a long time. Most of the investment expenditures can be recovered with tax advantages, financial supports, investment location allocation and other incentive mechanisms. More benefits can be obtained from the investment expenditures made. What needs to be done for this purpose has been determined in the incentive legislation and other complementary legislation provisions and in the implementation schemes established over the years. Both the written legislation and the practices shaped by the General Directorate over the years constitute the answer to the question “How to Obtain an Investment Incentive Certificate?”. If the wrong actions are contrary to the provisions of the legislation, it may have irreversible legal consequences. For this reason, it creates more accurate results to apply to the knowledge of people who are knowledgeable and experienced in both legislation and practices.
In order to obtain an investment incentive certificate, a proper application must be made. In order to obtain an investment incentive certificate, an application must be made to the Ministry of Industry and Technology. If deemed appropriate after the examination of the Ministry, the applications are finalised by issuing an investment incentive certificate.