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Investment Certificates are not issued for the belove mentioned investments:
Agriculture Sector
>>Vegetable cultivation investments other than seed propagation, seedling growing, nursery gardening, mushroom and greenhouse cultivation.
>>Ostrich production
Mining Industry Mine site investments with royalty
Manufacturing Industry
>>Cotton processing investments
>>( New investment or expansion projects in ) Synthetic fibre
>>Investments in projects which are totally new or which involve an expansion integration, and product variation in the production of biscuits, pasta, flour, semolina, and animal feed (except for fish bait and animal food production within integrated animal husbandry projects)
Services
>>Bus, trailer, tow-truck investments for passenger and cargo transport ( Except for those made by Municipalities)
>>Recording studio investments
>>Repair, maintenance and service stations investments for road vehicles
>>Building contracting investments
>>Hypermarkets, commercial centres, shopping malls and parking lots investments
>>Petrolium products ( including LPG) distribution investments
>>Automation investments other than those for automation of industrial facilities
>>Laundries and carpet cleaning investments
>>Yacht imports investments
>>Recreation facilities investments on highways
Moreover, there are various restrictions in some sectors depending on the product, or the type of investment. Among the most important of these are are:
>>Incentive certificates are not issued for investments in land vehicles and tractors with completely new engines (excluding completely new automobile production investments exceeding $250 million and the production of new commercial vehicles exceeding $50 million).
>>Investments in totally new and extension projects in hazelnut shelling-drying-roasting in provinces other than Ordu, Giresun, and Trabzon.
Source:www.investinturkey.gov.tr |