Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
Turkey to offer tax-free ‘Silicon Valley’ for tech investors 
14.10.2011

Hurriyet - Attempting to improve its IT industry’s research and development capabilities, Turkey will provide an extensive incentive scheme for tech companies investing in soon-to-be-established ‘Silicon Valley’.

Turkey’s Minister of Industry, Science and Technology Nihat Ergun, speaking at IBM’s Software Summit held in Istanbul, laid out the plans for the first of the special technoparks to be built in Kocaeli province in northwestern Turkey. The goal, as described by the minister, is to have an ecosystem consisting of high-tech companies engaged in R&D activities in the fields of informatics, telecommunications and software development, and the project will initially cover the Marmara, Central Anatolia and Aegean regions. The investors in the technopark will benefit from a range of incentives tailored to facilitate R&D studies, said Ergun.

The incentives in the specialized technoparks include free or low-cost allocation of land, exemption of income and corporate taxes until 2023, halving the employer’s social security premiums for the research personnel, exemption of income taxes for the researchers and 10 percent of the support personnel, total exemption of stamp tax and VAT for 12 years, as well as exemption of waste water treatment fees.
24.09.2018 Teknofest Istanbul Firms Up Turkey’s National Technology Initiative
22.09.2018 New Turkish Citizenship Rules Encourage Foreign Investment
21.09.2018 President Erdoğan Meets Executives of US Companies in Turkey
21.09.2018 New Economic Program Stands on Balance, Discipline, And Transformation
10.09.2018 Turkey Records Robust Growth Rate in Q2 2018
18.08.2018 Arda Ermut Appointed as the Head of Presidential Investment Office
13.08.2018 Turkey Reveals New Economic Model
06.08.2018 New Incentives from Ministry of Industry and Technology
03.08.2018 President Erdoğan Announces Initial 100-Day Action Plan
24.07.2018 China’s Alibaba Invests in Turkish E-Commerce Company
<<
1 2 3 4 5 6 7 8 9 10
>>