Investment Incentive Legislation: Advantages of Investing in Turkey
Turkey has become an attractive market for global investors due to its strategic location, dynamic economy, and extensive business opportunities. Local and foreign investors looking to fully capitalize on these advantages can grow their businesses by leveraging Turkey’s investment incentive legislation. At Boğaziçi Customs, we offer Investment Incentive Legislation Consultancy services to ensure that investors can make the most of these opportunities in Turkey.
What is Investment Incentive Legislation?
Investment Incentive Legislation comprises legal regulations and support mechanisms designed to encourage investments in specific sectors and regions within Turkey. This legislation offers investors various benefits, including tax reductions, customs duty exemptions, VAT exemptions, interest support, and allocation of investment land. The primary aim is to support the country’s economic development, increase employment, and reduce regional disparities.
Advantages of Investing in Turkey
Investment incentive legislation brings numerous benefits for those investing in Turkey:
- Tax Reductions: Investors can benefit from tax reductions on specific investments, lowering their overall costs. These reductions may include income tax and corporate tax, among others.
- Customs Duty Exemption: Investments with an incentive certificate are exempt from customs duties on imported machinery and equipment. This is particularly advantageous for high-tech investments, providing significant cost savings.
- VAT Exemption: Machinery purchases, both domestic and imported, under the investment incentive certificate are exempt from VAT. This allows investments to be realized at lower costs.
- Interest Support: Particularly for small and medium-sized enterprises (SMEs), interest support reduces financing costs, enabling investments to be implemented more swiftly.
- Investment Land Allocation: The government provides land allocation for strategic sector investments, helping investors accelerate their project processes.
Secure Steps in Investment Incentive Legislation with Boğaziçi Customs
At Boğaziçi Customs, we simplify the complex processes of investment incentive legislation on behalf of investors. Our expert team analyzes the unique needs and goals of each investment, directing investors to the most suitable incentive programs. From obtaining the investment incentive certificate to its implementation, we guide investors through every step, offering strategic solutions to minimize potential risks.
Investing in Turkey can be a highly profitable venture when the right incentives are utilized. Boğaziçi Customs provides comprehensive Investment Incentive Legislation Consultancy services to help investors maximize business opportunities in Turkey. By working with us, you can fully benefit from the advantages Turkey offers and secure your investments.
