Incentives Granted from the Turkish Government

The Turkish government is encouraging both local and foreign investors by reducing investment related costs and creating a more investor-friendly environment. With the new investment incentives system, they reduced the expenses of the investors. Foreign investors who obtain the Investment Incentive Certificate (IIC) are granted to the incentives as follows: VAT and custom duty exemption, tax deduction, social security premium support, interest rate support, land allocation, VAT refund, and income tax withholding support.