Investment Incentive Certificate (YTB)
Offers domestic and foreign investors in Turkey tax and duty support instruments for strategic expansion.
The Investment Incentive Certificate (Yatırım Teşvik Belgesi, YTB) is Turkey's central instrument for supporting domestic and foreign capital investments, administered by the Ministry of Industry and Technology (MoIT) General Directorate of Incentive Implementation and Foreign Capital. The certificate unlocks a package of statutory incentives including VAT and customs duty exemptions on imported capital equipment, corporate tax reductions, and — depending on the investment region — social security premium support, interest rate subsidies, land allocation, and income tax withholding support. Benefits scale by geographic priority: Region 6 (least-developed provinces) offers the maximum package, including income tax withholding exemption, while Region 1 (Istanbul, developed metros) provides the minimum. Both domestic companies and foreign-owned entities registered in Turkey qualify on equal terms.
Applications are submitted on a rolling basis through the e-TUYS electronic system on the MoIT portal or via the turkiye.gov.tr e-government portal, with no competitive call cycles. An application fee applies — approximately TRY 10,700 for investments up to TRY 5 million under 2026 rates — and minimum investment thresholds vary by region and sector. Once issued, the YTB certificate activates entitlements that remain in force for the approved investment period. In 2025, MoIT issued 432 YTB certificates to international investors representing TRY 109.5 billion in approved investment, illustrating the scale of the program's deployment.
The YTB is most relevant to manufacturing, energy, transport, and materials companies making substantial capital commitments in Turkey. The strongest competitive position is achieved by investments in priority regions, sectors with high domestic value-add or supply-chain independence significance, or projects that combine the YTB with complementary instruments such as Teknopark (Law 4691) or R&D Center (Law 5746) status. Foreign investors should engage MoIT's Invest in Turkey office early to model the regional incentive tier and total benefit package before committing to a site.
Domestic and foreign capital investments in Turkey qualifying for rolling tax, duty, and financial incentive certificates across all sectors, with benefits scaling by investment region and size.
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