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Invest in Balıkesir

Mining

Ministry of Economy

Ministry of Economy provides support for investments for reducing regional development differences, increasing value added investments through incentives, improving production and employment figures, spreading research and development that would increase international competitive power. In regional incentives, Balıkesir is in the 3rd region and in mine extracting and processing, 5th region incentives are implemented.

Regional Incentive Practices

Customs Tax Exemption

Machinery and equipment to be imported in the investment that will benefit from incentive are exempt from customs tax.

VAT Exemption

Machinery and equipment to be purchased for the investment that will benefit from incentive are exempt from VAT.

Insurance Premium Employer Share Support

Through Insurance Premium Employer Share Support, insurance premium employer share for the additional employment within the scope of the incentive that corresponds to the minimum wage premiums are paid by the Ministry.

Tax Reduction

In investments subject to incentives, income and corporate tax are paid with reductions at rates stipulated separately for regions the investment is made.

Investment Site Allocation

In investments realized with incentive certificate, free site allocation can be made to hasten the investment in some cases.

Interest Support

In investment loans with at least one year maturity to be used within the scope of regional investment incentive, interest reduction support is provided.

Ministry of Science, Industry and Technology

Ministry provides the following supports to enterprises for transforming industry into a more competitive structure, supporting and developing R&D, innovation and entrepreneurship.

Technoenterprise Capital Support

Technoenterprise Capital Support provides support to young entrepreneurs with innovative ideas  for concept development, feasibility, laboratory works, design prototype production, pilot facility installation, trial runs and type tests.

Industrial Dissertations Project Support

Within the scope of Industrial Dissertations (SAN-TEZ) Program, Ministry provides support for SMEs to adopt the culture of coordination with universities in R&D and innovation related works.

Technology Development Zones

Incentives are provided within the scope of Technology Development Zones to improve University-Industry Cooperation in the country, to enable entrepreneurs, researchers and academics that wish to produce new or high technology products  in conducting their industrial and commercial activities alongside or near universities and benefit from these universities.

Support provided for Technology Development Zones are;

  • Income and Corporate Tax Withholding Support
  • Staff Wage Taxes Withholding Support
  • VAT Exemption
  • Insurance Premium Incentive
  • Wastewater Incentive
  • Incentives for Foreign Investors
  • Facilitating Employment of Foreign Nationals
  • R&D Investment Support
  • Supports Provided to Academics

 

TÜBİTAK

TÜBİTAK conducts support programs to incentivize R&D works of added value creating enterprises and thus increase R&D capabilities of Turkish Industry. Grants for up to 60% of the investment can be provided.

  • Industry R&D Projects Support Program
  • Project Markets Support Program
  • SME R&D start-up Support Program
  • Technology and Innovation Focused Enterprise Support Program (TECHNOENTERPRISE)
  • International Industry R&D Projects Support Program

BOREN (National Boron Research Institute)

BOREN is established to ensure wider use of boron products and technologies, to enable required scientific environment for researches on production and development of new boron products, to carry out, to have carried out and to coordinate scientific researches by collaborating with those using and/or making researches on boron and its products and to contribute in these researches in Turkey and the World. Institute is a body under Turkish Ministry of Energy and Natural Resources.

BOREN provides support to projects which has higher commercializing potential and economic added value, are appropriate to the priorities by using project call method. Within the scope of project call method; public institutions and bodies, universities as well as private organizations can make project application.

Within the content of project budget; support can be given for machinery, hardware, software, consumables and service procurements, domestic travel and accommodation costs as well as per diems, device and consumables transport expenses, personnel costs for project personnel who are not public personnel.

South Marmara Development Agency Supports

South Marmara Development Agency (GMKA) provides grants to SMEs registered to Çanakkale and Balıkesir through “Call for Proposal” method.

The support programs, which can be applied for at certain times of the year, have so far provided SMEs with support in processing mine products and increasing their value add  and subjects and sectors to be supported can change each year depending on the program.

The projects sorted by the scores are provided grants according to the program budget. Successful projects are provided 50% grants. Part of the grant is paid in advance to the companies to relieve financing problems. Active grant programs and current information on grant programs can be checked at www.gmka.gov.tr/destekler.