The new investment incentive system has been designed specifically to encourage investments that have the potential to reduce import dependence on intermediate goods that are important for the country’s strategic sectors.
The main objectives of the new investment incentive system are to reduce the current deficit, to expand the investment supports provided to less developed regions, to increase the amount of support elements, to encourage clustering activities, and to support investments that will transform technology.
As of January 1, 2012, the new investment incentive system consists of four separate regimes. Domestic and foreign investors can benefit from the following incentives equally:
1- General Investment Incentive Applications
2- Regional Investment Incentive Practices
3- Large Scale Investment Incentive Applications
4- Strategic Investment Incentive Applications