Turkey Amends Investment Incentives Regime

Turkey has published Presidential Decision No. 4191 of 28 June 2021 in the Official Gazette, which amends certain aspects of the investment incentives regime. The amendments include:

• Increases in the minimum fixed investment amounts to qualify for incentives:
  • an increase from TRY 1 million to TRY 3 million for investments in regions 1 and 2; and
  • an increase from TRY 500,000 to TRY 1.5 million for investment in regions 3, 4, 5, and 6;
• Increases in the limit for the total amount of machiner…