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.
20.04.2018 Cisco commissions innovation center Istanbul at ITU ARI Teknokent
14.04.2018 Swiss journalists get first-hand insight into turkey’s investment climate
11.04.2018 Turkey unveils super incentives for high-impact investments
26.03.2018 Turkey introduces amendment laws for improvement of investment environment
19.03.2018 Turkey on display: opportunities for French investors
12.03.2018 Turkey-China relations: growing and delivering benefits for both countries
06.03.2018 Ispat holds investment seminars in Japan
22.02.2018 Turkey looks to secure additional FDI from Italy
10.02.2018 Japan’s Mitsubishi Electric commissions new plant in Turkey
08.02.2018 Ispat offers UK investors insight into Turkey’s investment environment
<<
1 2 3 4 5 6 7 8 9 10
>>