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New investment incentive measures were taken under the state of emergency

Organized within the scope of general incentive applications for investments in Kahramanmaraş-centered provinces affected by earthquakes and declared a state of emergency (OHAL)...

New investment incentive measures were taken under the state of emergency

In the provinces affected by the earthquake and declared a state of emergency, the Presidential Decree on the counting of investment incentive certificates, whose investment period expired as of February 6, and without a completion visa, was published in Resmi Gazete and entered into force.

Accordingly, the meetings of the board of directors of the development agencies in the provinces where the state of emergency has been declared may not be held for 3 months. During the period when the boards of directors cannot meet, the powers of the board of directors determined by the Ministry of Industry and Technology can be used by the secretary general.

The Ministry, regional development administrations, and development agencies outside the provinces where the State of Emergency has been declared will be able to implement programs to support the revival activities in the field of economic and social development in the provinces where the state of emergency has been declared.

Development agencies will be able to rent and purchase for the benefit of the provinces where the state of emergency has been declared and during the state of emergency, excluding immovables.

Investment incentive certificates, which are issued within the scope of general incentive applications for investments made in areas that are considered disaster areas effective on general life due to earthquakes, and whose investment period expires as of February 6 and for which a completion visa has not been issued, investment incentive certificates with an ongoing investment period are requested within 3 months. If the investment incentive certificate is approved, it will be deemed to have been completed in its current form without seeking the terms and conditions in the investment incentive certificate.

If the investment incentive certificates, which are issued based on regional, large-scale, and strategic incentive practices for the investments being made in these places, and for which a completion visa has not been issued as of February 6, are requested within 3 months, the supports registered in the investment incentive certificate are stopped and the supports benefited from are not withdrawn, and thus the registration in the investment incentive certificate. and will be considered complete in its current form, without any conditions.​​

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