Q3/2009 State aid for investments in the acquisition of equipment and machinery

In line with the policy to promote foreign investment and research in The Republic of Turkey, the government has issued a Decree on State Aids for Investments (published in the Official Gazette dated 16 July 2009), which was followed by a Communiqué on the same matter (published in the Official Gazette dated 28 July 2009). The Communiqué covers large scale investments in machinery, equipment, facilities, production methods, know-how and research required to improve goods or implement new technologies. Lands and infrastructures have been left outside the scope of the Communiqué.

Additionally, the Council of Ministers has decided to allow environmentally conscious investments made in connection with commercial activities performed by investors to benefit from state aid. Such environmental investments will cover waste cleaning and waste disposal solutions for solid, liquid and gaseous waste with respect to existing or future plants. Potential beneficiaries are required to place their application before the Treasury. Foreign companies can place their applications through their agencies established in Turkey.

 

 

Pekin Pekin