Things to Consider About the Application Process and Stages for Technology Development Zones
In line with the Technology Development Zones Law No. 4691, in order to operate in the zones, the conditions specified by the law must be met. In order to be in the region within the scope of the relevant law, the priority stage is to submit the software, design and R&D project to the Teknokent Management Company. Companies whose projects are approved by the managing company can operate in the region and benefit from the benefits provided by the regions. As newly established companies and companies operating outside the region, we need to handle the application process in a different way.
New Company Establishment
Companies that are not established and want to take part in the Technology Development Zone must submit their projects to the Managing Company and wait for the project arbitration committee to approve the project. In this process, it is necessary to rent an office according to the number of personnel, and a company can be established by applying to the Trade Registry Office with an official document issued by the Teknokent Management Company, including the exact address of the office to be rented, without signing the lease contract. Once the project is approved, the lease agreement comes into effect.
Companies Operating Outside the Technocity Region
Companies located outside the previously established region must submit a project to the Teknokent Management Company and wait for the project's approval by the project arbitration committee. In this process, it is necessary to rent an office according to the number of personnel, and they can change their address by applying to the Trade Registry Office with the document provided by the Teknokent Management Company, without signing a lease with the full address of the office they will rent. With the approval of the project, the lease agreement comes into force mutually. Companies whose projects have been approved by the Managing Company and the Project Arbitration Committee, through the application process we have explained in two different ways, can benefit from exceptions within the scope of the project details, starting from the date of project approval. Within the scope of the exemption benefited from, companies are required to submit the exemption acceptance documents received by the Managing Company to the Tax Offices and SSI Branch Directorates to which they are affiliated. The exemption letters submitted to the Tax Office and SSI Branch Office include companies' Corporate Tax, Income Tax, Stamp Tax, VAT Exemption (Software Projects), SSI Employer Share exemptions.
Issues to be taken into consideration:
Companies that want to be in the Technology Development Zone must pay particular attention to the long duration of the projects they will submit in order to benefit from the exceptions. There is also the possibility of project duration extension at the end of the project.
Companies in the region are not limited to a single project and can operate in more projects.
The personnel to be employed within the scope of the project must be suitable for the project content.
Project applications can be made to the Management Companies through the R&D portal system.
During the project application, they are required to pay the project application fees to the Managing Company bank accounts and upload their receipts to the relevant system.
Support personnel who will work within the scope of the project must be notified.
CVs of the personnel who will work within the scope of the project must be uploaded to the system.
When entering the project into the portal, the Periods Spent Outside, which are permitted under the law and if certain parts of the project need to be carried out outside the Technology Development Zones, must be entered.
INFORMATION TO BE ENTERED ONLY ONCE
Via the portal of Teknokent Management Companies;
Company Information
Company Partner Information
Company Authorized Information
These are one-time information and transactions that companies must define in the R&D portal system after project acceptance.
TRANSACTIONS TO BE DONE MONTHLY
Companies located in the zone must submit their monthly exemption reports to the Managing Company on time. What needs to be considered here is what is included in the exemption report and what we should pay attention to. In case there is incorrect or missing information in the exemption report, the Manager Company does not approve it and the correct information is requested to be entered into the system.
Situations Included in the Exemption Report and to be Considered,
- After the monthly payrolls prepared according to the personnel entry and exit hours are made, the Income Tax and Stamp Tax exemption amounts on the payroll
- SSI Premium Employer Share Support Amount included in the SSI Declarations prepared by taking into account the payrolls
- VAT Exemption Amount Pursuant to Provisional Article 20 of VAT Law No. 3065
- Customs Duty Exemption Amount
- VAT Exemption Amount for Machinery and Equipment Purchases
- Project Expense Information
- Non-Project Expense Information
- Project Income Information
- Non-Project Income Information
- Project Progress Reports
- Project Product Information
- Project Foreign Trade Information
- Project R&D Fund Supports
- Proje Academic Publications
- Project Intellectual and Industrial Property Rights must be written.
The information written above is defined into the R&D Portal system via the Managing Company portal.
ANNUAL TRANSACTIONS
Companies in the Zone must submit an Annual Activity Report to the Managing Company at the beginning of the following year, after the approval of the exemption reports they submit to the Managing Companies on a monthly basis. Although there is no need to enter additional information for the Annual Activity Report, we can consider it as the sum of the monthly exemption reports.