Turkey has amended various application, extension and
qualification aspects of its government investment aid scheme.
Supporting documents required during incentive certificate
applications have been updated and certified copies are no longer
necessary for some registry documents. Foreign solar panels are now
excluded from the incentive scheme. Finally, incurring investment
expenses is no longer a pre-condition for applying for a time
The Ministry of Economy introduced changes via the Communique
Regarding Changes on the Communique Regarding Application of
Government Aid in Investments Decision
("Communique"), published in Official
Gazette number 29753 on 25 June 2016, entering into effect on the
Changes introduced by the Communique include:
During applications for incentive
certificates, previous regulations required original, notarized or
certified copies of the Turkish Trade Registry Gazette or Turkish
Tradesmen and Craftsmen Registry Gazette, indicating the
applicant's current shareholding structure. The Communique
states that a non-certified copy of these documents is
"solar panels obtained from
abroad" are added to a list of expenses which are not eligible
for an incentive certificate.
Incurring investment expenses is no
longer required as a pre-condition for making time extension
The information and documents which
must be obtained from other state institutions and organizations
before applying for an incentive certificate (according to the type
of the investment listed in Annex-2 of the Communique) have been
Please see this link for full text of the latest
Communiqué (only available in Turkish).
Information first published in the MA | Gazette, a fortnightly legal update newsletter
produced by Moroğlu Arseven.
The content of this article is intended to provide a general
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