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May 21, 2021

The investment incentive system comprises 5 Investment Models, 2 Investment Programmes and 12 Incentive Elements. General incentive practices Regardless of the region, all projects that meet certain conditions and minimum fixed investment amounts are supported within the framework of General Incentives. Support elements of general incentives; VAT exemption Custom Duty exemption + RUSF+ Additional Customs...

May 17, 2021

The new investment incentives scheme is specifically designed to encourage investments with the potential to reduce dependency on the importation of intermediate goods vital to the country’s strategic sectors. Effective as of January 1, 2012, the new investment incentives system has been comprised of four different schemes. There are several incentives depending on the region,...

May 17, 2021

Turkey welcomes foreign investors to apply for citizenship by investment program. With the recent changes in the legislation Turkish Republic started to grant citizenship to individuals who invest in Turkey without a minimum residence requirement. The citizenship opportunity has become even more attractive as the minimum investment figures have been further reduced in 2018 and...

May 15, 2021

A social audit is a formal review of a company’s endeavors, procedures, and code of conduct regarding social responsibility and the company’s impact on society. A social audit is an assessment of how well the company is achieving its goals or benchmarks for social responsibility. KEY TAKEAWAYS A social audit is a formal review of a company’s...

May 15, 2021

Globalization and increased consumer awareness is putting more responsibility on companies to ensure that the goods they sell are made in safe working conditions, at fair rates of pay and respecting the basic human rights of those involved in production. Adverse publicity, the hint that companies are not respecting these standards, can cause reputational damage...

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