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It regulates the support provided by the state in order to encourage Turkish companies to purchase companies or brands located abroad. This support is provided at higher amounts, especially in the purchase of companies with advanced technology.
Scope of Supports:
- Consultancy Services Support: A certain proportion of the financial and legal consultancy services needed in the process of purchasing a foreign company or brand is covered by the state.
- Loan Interest Support: Some of the interest expenses of the loans used for purchase are covered by the state. This support is applied at different rates for loans denominated in Turkish Lira and foreign currency.
- Support Limits: Annual and total support amounts have been determined for each type of support. Higher support limits are applied to the purchases of companies with advanced technology.
- Support Period: Interest support is provided for a certain period of time and under certain conditions.
Conditions Required to Benefit from the Support:
- Acquisition of foreign companies or brands: Support is provided only for the purchase of companies or brands located abroad.
- Advanced technology: Higher support is provided for the procurement of companies with advanced technology.
- Technology transfer: The acquired company or brand is expected to provide technology transfer to Turkey.
1. Consultancy Services Support:
- General support limit: Up to 3,000,000 TL per year.
- Support limit for high-tech companies: Up to 7,500,000 TL per year.
This support ensures that some of the expenses of financial and legal consultancy services needed in the company or brand acquisition process are covered.
2. Loan Interest Support:
- For high-tech companies:
- Turkish Lira loans: 5 percentage point reduction in interest rate,
- Foreign currency loans: 2 percentage point reduction in interest rate,
Up to a total of 45,000,000 TL.
- For brand purchases:
- Turkish Lira loans: 5 percentage point reduction in interest rate,
- Foreign currency loans: 2 percentage point reduction in interest rate,
Up to 30,000,000 TL in total
Important Notes:
- Amount of interest support: It cannot exceed 50% of the interest expense paid.
- Support period: Given to interest payments within 5 years from the first interest payment.
- Loan amount calculation: The loan amount to be supported is limited to 50% of the value of the company or brand received.