Announcement

Support of Up to 550,000 TL for Micro and Small Businesses

Bikem İnce İnanç · 13 January 2022 · 2 min read

This announcement was published on 13 January 2022. The dates, amounts and application conditions it mentions may no longer be current; for current support programmes, contact us.

The purpose of the support is to protect existing employment and to commit to new employment.

For each new employment commitment, an incentive of 100,000 TL can be used for the expense items below.

Businesses owned by women or that will employ female staff receive an additional incentive of 10,000 TL.

Micro-scale businesses can hire 2 employees,

Small-scale businesses can hire 5 employees.

EMPLOYEE REQUIREMENTS

➢ Must be born in 1981 or later.

➢ Must never have worked before, or must not have more than 6 months of social security (SGK) registration in the last 3 years.

➢ Must be a graduate of a 2- or 4-year university programme.

➢ Or must be a graduate of a vocational or technical high school.

No payments for the first 24 months. Over the following 24 months, the support is repaid in 6 equal instalments, interest-free and without commission.

APPLICATION CONDITIONS

The programme has two application conditions; meeting either one is enough. You can benefit from the support if you meet one of the conditions shown below as 1 and 2.

1. Target sectors with minimum net sales revenue of 75 thousand TL in 2019,

2. Businesses operating in target sectors and founded in 2017 or later must meet the following conditions:

✓ Operating in a TEKMER or Technology Development Zone (TGB) by head office or branch address

✓ Having successfully completed, or still running, an R&D and/or innovation project supported by public funds

✓ Having obtained a patent in 2017 or later

✓ Having obtained a Technological Product Experience Certificate (TÜR certificate) in 2017 or later

ELIGIBLE EXPENSES

Repayable working capital support is paid so that businesses can cover the regular monthly expenses listed below.

➢ Staff costs

➢ Workplace rent

➢ Regular operating expenses (electricity; natural gas, water and communication expenses related to producing products/services and running the facility; waste collection fees paid to industrial zones/estates)

➢ Material expenses (raw material or consumable production material expenses ordered from suppliers for production before the support application)

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