Incentives and Support Programs for Hotel Investments
Incentives and Support Programs for Hotel Investments. Does the government have support and grant programs for hotel enterprises?
If you are an entrepreneur and want to open a hotel, let us give you good news. The government has various grant and support programs for entrepreneurs and investors who want to open a hotel. Conditions for benefiting from these support programs vary. That's why it's a good idea to do a little more research while looking for the support needed to open your hotel. However, we would like to warn you at this point. There is a lot of outdated or inaccurate information on the Internet, so try to reach the right information by visiting the official web pages of the institutions. Institutions that provide support and grants to hotel investors and entrepreneurs usually upload documents containing detailed information about support programs to their websites in the form of pdf documents. You can easily access these documents, but reading and understanding these documents is a job that requires serious overtime. It's good to have some patience.
What are the Support Programs for Tourism and Hospitality Investments?
Hotels and tourism sector initiatives are supported by the Ministry of Economy depending on their subject and incentives are explained in detail on the official website http://www.ekonomi.gov.tr/. The amounts of incentives have been determined according to the region where the investment will be made. Türkiye has been divided into 6 different regions as incentive legislation.
For example; Tourism accommodation investments to be made in Culture and Tourism Conservation and Development Regions or in thermal tourism benefit from the 5th Region Supports. (http://www.ekonomi.gov.tr/portal/content/conn/UCM/uuid/dDocName:EK-208652)
The Ministry of Culture and Tourism divides the supports and advantages offered to entrepreneurs into three;
1. Supports Provided by the Ministry of Culture and Tourism
2. Tourism Sector Emergency Action Plan Supports and Employment Supports for the Tourism Sector
3. Other Advantages Provided to Facilities with Tourism Operation Certificate
Rural Tourism Supports
Rural Tourism Supports are provided by ARDSI and KKYDP institutions.
In many provinces, these incentives are given by the Agriculture and Rural Development Support Institution (ARDSI), the relevant institution of the Ministry of Agriculture and Forestry. The financial source of the said incentive is the IPARD Program Fund, which was co-financed by the European Union and the Republic of Turkey. This incentive is used without repayment for the project applications made as a result of the work done by the ARDSI.
Incentive applications are made within 3 months following the meeting held by ARDSI. Applications must be made within these three months. ARDSI makes an announcement for applications every few years. You must follow these warnings.
In addition to these supports, different institutions provide support in different categories. My Otel Danışmanlık follows the relevant support and developments for you and guides you correctly.
