Steps and Requirements for Obtaining an Investment Incentive Certificate
Investing in Turkey can be highly profitable when supported by the right incentives and supports. One of the most important tools for investors in this process is the Investment Incentive Certificate. At Boğaziçi Customs, we offer Investment Incentive Legislation Consultancy services to help investors make the most of these incentives in Turkey. In this article, we will explore the steps for obtaining an Investment Incentive Certificate and the requirements involved in this process.
What is an Investment Incentive Certificate?
An Investment Incentive Certificate is an official document issued by the Republic of Turkey to support investments made in specific sectors and regions. This certificate provides investors with various benefits such as tax reductions, customs duty exemptions, VAT exemptions, and interest supports. By utilizing this certificate, the costs of investments are reduced, and the competitiveness of businesses is increased.
Steps to Obtain an Investment Incentive Certificate
Obtaining an Investment Incentive Certificate requires a specific process, and following the correct steps is crucial for ensuring that your investment is realized smoothly and quickly. Here are the fundamental steps in this process:
- Investment Planning and Project Preparation: The first step is to prepare an investment plan and project that suits the nature and sector of the investment. At this stage, details such as the size of the investment, the targeted sector, technologies to be used, and the region where the investment will take place should be elaborated.
- Investment Incentive Application: Along with the prepared investment project, an application for the Investment Incentive Certificate is submitted to the relevant government institutions. It is crucial to ensure that the application form and required documents are submitted accurately and completely.
- Evaluation of the Application: Your application will be reviewed thoroughly by the relevant government institutions. During this review process, the contributions of the investment to the country’s economy and employment will be evaluated.
- Approval of the Certificate: If the application is positively reviewed, the Investment Incentive Certificate will be approved and issued to the investor. This certificate serves as an official guarantee for the incentives and supports provided during the investment period.
- Investment Process and Inspection: During the investment implementation phase, it is necessary to adhere to the conditions specified in the Investment Incentive Certificate. After the completion of the investment, relevant institutions will inspect whether the investment has been made in accordance with the certificate.
Required Documents for Investment Incentive Certificate
When applying for an Investment Incentive Certificate, certain documents must be submitted accurately. These documents include:
- Application form
- Company’s trade registry gazette
- Investment project details
- Financing sources and plan
- Environmental impact assessment (if required)
- Other relevant documents
Boğaziçi Customs: Your Partner in the Investment Incentive Process
At Boğaziçi Customs, we provide professional consultancy services to eliminate the difficulties investors might encounter during the Investment Incentive Certificate application process and to expedite the process. Our expert team supports investors at every stage, from preparing documents and submitting applications to the approval process and investment inspection.
Obtaining an Investment Incentive Certificate is a critical step for investors looking to maximize investment opportunities in Turkey. When the right steps are taken, this certificate can significantly reduce investment costs and enhance the competitiveness of your business. At Boğaziçi Customs, we are here to guide you through the investment incentive process and help you achieve success.
