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.