Turkey has updated the leasing financial support scheme which is available to Turkish companies’ foreign entities. The scheme offers support for leasing stores, warehouses and offices.
Communiqué number 2016/3 (“Communiqué”) was published in Official Gazette number 30334 on 16 February 2018, entering into effect on the same date.
Notable updates include:
- 50% of leasing and storage expenses will now be supported up to US $250,000 per year for industrial and commercial companies which produce and/or supply original parts for foreign industry, as well as branches and organically linked companies.
- 50% of leasing expenses will now be supported up to US $100,000 per year for:
- The Turkish Union of Chambers and Exchange Commodities.
- Sectoral foreign trade companies.
- Commodity exchanges.
- Employers’ associations.
Please see this link for the full text of the Communiqué (only available in Turkish).
Information first published in the MA | Gazette, a fortnightly legal update newsletter produced by Moroğlu Arseven.