Turkey is opening the door to immense opportunities for startups: financial assistance and tax incentives.
The Turkish government has introduced a comprehensive support system for startups with the aim of developing entrepreneurship and supporting innovations. This initiative creates a favorable environment for innovators wishing to start or expand their businesses in the country, providing a significant boost to the implementation of new ideas.
Among the financial assistance provided by the state, grants offered through prestigious organizations such as KOSGEB and TUBITAK hold a special place. These grant programs provide financial support throughout all stages of startups, from their initial phases to their growth and entry into international markets. This enables young entrepreneurs to develop their projects more securely and reliably.
In addition to financial support, Turkey also offers attractive tax incentives for startups. Specifically, a 0% tax rate has been introduced until 2028 for startups operating in technoparks. These incentives encourage innovative companies to reinvest their revenues into business development, create new jobs, and contribute to technological progress.
This comprehensive support system is a clear step aimed at further strengthening Turkey's entrepreneurial ecosystem. With the active support of the state, startups are gaining the opportunity to be competitive not only locally but also globally. This, in turn, serves to increase the country's economic growth and innovative potential. This information has been provided by Pertama Partners.