Ministry of Industry and Technology
The Ministry of Industry and Technology provides support for investments in order to reduce regional development disparities, and aims to increase high added value investments through such incentives. It has a further goal to improve production and employment figures, and to expand research and development activities that contribute to international competitiveness.
Çanakkale is included in the 2 nd region under the regional investment incentives, and in the 5 th region under the investments for thermal tourism facilities. For investments made in Bozcaada and Gökçeada, 6 th region incentives are applied.
Regional Incentive Implementations
- Customs Duty Exemption
No customs duties are paid for imported machinery and equipment to be provided for the
investment that is made by using the incentive.
- Social Security Premium Support (Employer’s Share)
The Ministry shall pay employers’ national contributions that are due for additional employment falling within the scope of the incentive. The amount to be paid shall be a proportion of the minimum wage.
- Land Allocation
For investments made using an incentive certificate, land allocations are carried out free of charge in certain cases in order to speed up the investment process.
- VAT Exemption
VAT is not paid on machinery and equipment purchased as part of investments made using the incentive.
- Tax Reduction
Income and corporate tax are paid at discounted rates for a period of time, considering rates applicable for the invested regions within the scope of the incentive.
- Interest Rate Support
Interest rete support is provided on investment loans with a maturity of at least one year as part of the incentives to encourage regional investments.
Agriculture and Rural Development Support Institution (TKDK)
The Agriculture and Rural Development Support Institution provides non-recourse grants for the development of guesthouses, “bed and breakfast” accommodation and restaurant services to be established by small entrepreneurs or farmers the establishment and development of agro-tourism facilities and the facilities to be established for touristic recreational activities (such as sportive activities, nature trips, allotment gardens, riding, mountaineering, cycling roads, fishing) under the Rural Tourism Program.
Development Bank of Turkey
The Development Bank of Turkey offers mid-and long-term loan facilities in order to attract the interest of incorporated companies in development-focused investments, to ensure the profitability and productivity of enterprises, and to contribute to the development of partnership structures and the development of capital market.
Subsidies Under the Tourism Incentive Law
- Allocation of Public Immovable Assets and Forest Lands for Tourism Investments
The Culture and Tourism Conservation Regions and lands for Tourism Centers are allocated to investors by the Ministry of Culture and Tourism under the condition that their prices are paid by the investors under the Tourism Incentive Law.
- Discounts in Electricity, Air Gas and Water Rates
Investors with tourism investment or operation licenses pay their electricity, gas and water bills at the lowest tariffs applied to industries and households in the relevant region.
- Permit to Employ Foreign Personnel
Foreign personnel can be employed in tourism enterprises when the enterprise is issued with a permit granted by Ministry of Labor and Social Security, as long as the number of foreign employees does not exceed 10% of the total number of employees in the enterprise.
- Tourism Loans
Tourism Bank Ltd. provides loan support for investments into culture and tourism conservation and development regions, as well as tourism Centers using foreign assets.
- Installment of Forest Fund Contribution
Facilities with tourism investment licenses for forestry lands are entitled to pay the amount they have to pay pursuant to the provisions of the Forestry Law as of the third year following the allocation of the land with a fixed term of five years and five installments.
- Ease of Communication
Applications made regarding the requests made by enterprises with tourism licenses by phone and telex have priority over other applications.
- Official Holidays, Weekends and Lunch Breaks
Tourism enterprises are not required to obtain permits for working on public holidays, weekends and lunch breaks.
Small and Medium Size Enterprises Development Organization (KOSGEB)
KOSGEB offers various subsidies in support of small- and medium-sized enterprises.
These are provided in order to enable such enterprises to expand their investments and increase
technology utilization rates. Offering grants and loans in different ratios, according to the type of the support, KOSGEB provides serious advantages to investors in the region.
- Loan Interest Scheme
- Collaboration Cooperation Support Program
- General Support Scheme
- SME Project Support Scheme
- Entrepreneurship Support Scheme
- Thematic Project Support Schem
South Marmara Development Agency
South Marmara Development Agency provides grants to SMEs, registered in Balıkesir and Çanakkale, to help them improve their competitiveness.
In a Project Call for Proposals, a SME can submit project proposals in accordance with the subjects and conditions set for the program as part of a specific support program. For the support programs that can be applied during certain periods of the year, SME support has been given for development of alternative tourism opportunities until now. The subject and sectors to be supported may change every year for each specific program.
The submitted projects are then ranked according to the points received, and become eligible for grants depending on the program budget. Successful projects are given a grant of 50 percent. A portion of the grants is paid to firms in advance to help overcome initial financing problems.
Further information on the active grant programs that you can apply for and current information on all grant programs is available at www.gmka.gov.tr/destekler.