The purpose of the industrial zones is to provide an investment location suitable for large-scale and technology-intensive investments. to promote investment, working abroad created by the allocation of Turkish workers to direct their savings to invest in Turkey and boundaries to ensure the increase of foreign capital inflows with the necessary infrastructure services of certified land for equipping industry and in no way is defined as the production of which can not be used for other purposes.
19.01.2002 date and 26 645 in the Official Gazette published 4737 No. Industrial Area Industrial Area in Industrial Area Regulation concerning the Law: ‘to promote investments, savings of Turkish citizens working abroad to direct investments in Turkey and ensure the increase of foreign capital inflow are defined as “production zones, whose boundaries are certified for the purpose of allocating them for industry by equipping them with necessary infrastructure services and which cannot be used for other purposes.” There is currently no declared industrial zone.
Upon the application of local and foreign real and legal persons wishing to invest in industrial zones to the Ministry, preliminary place allocation is made. The amount to be determined by the Council of Ministers, not exceeding five per thousand of the fixed investment amount to be used by the applicant organization before the necessary permits, approvals and licenses are issued for the activities that are subject to the Environmental Impact Assessment (EIA) legislation, and the EIA positive decision or the decision of EIA is not required, It is obligatory to deposit to the account of the Ministry’s Central Accounting Directorate. All the necessary permits, approvals and licenses, including the right of easement, are given by the relevant institutions within fifteen days for the activities for which an EIA positive decision or an EIA is not required decision. All these processes are completed within three months. According to the law, It is possible to expropriate the land declared as an industrial zone, if it is approved by the Ministry of Industry and Trade and the cost is covered by the relevant investor. If the expropriation costs of the lands declared as industrial zones are covered by the budget of the Ministry of Industry and Trade, if the expropriation fee is paid by the investors for the period specified in the contract on these immovable properties, the right of easement can be established in favor of the investors free of charge.
In order to realize an individual industrial investment with certain qualifications, it is also possible to allocate the areas approved by the Ministry of Industry and Trade as individual investment sites upon the application of local and / or foreign real or legal persons who will make the investment.
All the supports applied to the investments in OIZs within the scope of the ‘Law No. 5084 on the Encouragement of Investments and Employment and the Amendment of Some Laws’ and the ‘Decree on State Aids in Investments enacted by the Cabinet Decree No. 2002/4367’, is implemented. The Council of Ministers is authorized to determine which incentives will be given to the investments to be made by real and legal persons who have just started working in industrial zones within the framework of the investment incentive decree and how and to what extent all incentives will be applied to which investments.
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