What is the Incentive Numbered 16322?

The investment document incentive numbered 16322/25510, published on June 15, 2012, is one of the types of incentives provided by the government to businesses, and is prepared as follows: "According to the Cabinet decision on state aid for investments numbered 2012/3305, the conditions for benefiting from investment projects that can benefit from insurance support are specified in Articles 12 and 13 of the related law." According to the arranged incentives, businesses carrying out investments in regions 1, 2, 3, 4, and 5 that are linked to the Incentive Zone can benefit from the employer's share of the insurance premium support. In Region 6, the investments to be made in the Incentive Zone must be tied to the incentive document. Thus, they can benefit from both large-scale as well as strategic investments and regional incentive applications. While benefiting from these investments, in addition to the employer's share of the insurance premium support, there is also support for the employee's share of the insurance premium. It is expected that these businesses will meet the specified conditions to benefit from the incentive.

Incentive Rate Numbered 16322

The incentive rate of 16322 has been determined as 15.50%.

Who Can Benefit from the SGK Incentives of the Law Numbered 16322?

Businesses holding a Regional Incentive, a Large Incentive, or a Moving Incentive can benefit from this type of incentive. Those who are entitled to benefit from the incentive according to the conditions of the Investment Document Incentive:
• Private enterprises that hire new workers in addition to the existing employees in the last 6 months before starting the investment, right after the completion of the investment,
• Institutions that send the monthly premium and service documents to SGK within the legal time for insured personnel who serve at workplaces in regions 1, 2, 3, 4, 5 with completed visa, and for investments made in shipbuilding regardless of the region in which the workplace is established,
• Institutions that work in workplaces established in Region 6 and send the monthly premium and service documents for insured individuals under support selecting the law number 26322 to SGK within the legal process can be found.

Under What Conditions Can the Incentive Numbered 16322 Not Be Benefited?

• To those who have not yet completed their projects
• To unfinished investments that are important in the sectoral field
• To investments for which the legal application time for Investment Document Incentive has been missed
• No incentive document is provided for machines and goods used in the investment (non-movable machinery, aircraft, helicopters and vehicles such as trucks and cases used for investments in food and livestock).

How is the SGK Incentive Calculated for the Law Numbered 16322?

• In addition to benefiting from the insurance premium support, it can also benefit from the 5 incentive points included in the first paragraph of Article 81 of Law No. 5510. After benefiting from the incentive points, the 5-point part that falls to the employer’s share, which is defined in the relevant laws, is deducted. After that, the calculation is made considering the rates corresponding to the gross minimum wage over the employer's share.

What Documents Are Required to Apply for the Incentive Numbered 16322?

• The investor's signed application letter,
• The receipt of the application fee,
• Signature circular obtained from a notary,
• A list of the equipment used, on each page where the signature is located,
• Original or notarially certified photocopy of the Turkey Trade Registry Gazette and the Turkey Chamber of Craftsmen and Tradesmen Registry Gazette,
• A document obtained indicating that there is no debt to any public institution (SGK and administrative premium penalty),
• A letter of positive or negative decision regarding whether the project is necessary or not,
• A report on sectoral information, technical and financial analyses related to the subject of the investment to be made,
• If investment incentive consultancy is to be received, a power of attorney obtained from a notary for this purpose.