Turkey

Turkey

Turkey introduces new investment incentive scheme

07 Aug 2019

On 7 August 2019, two Presidential Decrees no. 1402 and 1403 changed the existing investment incentive regimes in Turkey. Firstly, the large-scale investment incentive scheme was abolished. Secondly, a new "Technology Focused Industry Move Program" was introduced. This program aims at encouraging investment concerning products from the Priority Products List determined by the Ministry of Industry and Technology. Thirdly, the minimum investment requirements were set at the level of TRY 50 million for investments falling within the scope of the Technology Focused Industry Move Program, and TRY 500 million for other investment projects.