Social Security Premium (SSP) Support for Employer's Share

Social Security Premium (SSP) Support for Employer's Share

This incentive facilitates that for any additional employment created by an investment with an incentive certificate under Regional, Large Scale and Strategic Investment Incentive Schemes, the amount corresponding to the employer’s share of the social security premium on legal minimum wage, paid by the investor, is covered by the Ministry. In order for an investor to benefit from this support, the project should be concluded and a completion visa should be granted.  

A certain portions of total investment amounts are set as caps for this support measure. For Regional Scheme; ceilings are 10% for Region 1, 15% for Region 2, 20% for Region 3, 25% for Region 4 and 35% for Region 5. For Large Scale Scheme; ceilings are 3% for Region 1, 5% for Region 2, 8% for Region 3, 10% for Region 4 and 11% for Region 5. For Strategic Scheme; ceilings are 15% for all Regions. There is no cap for Region 6.

SSP Support for Employer’s Share aims to reduce labor costs incurred during the operating period. For instance, since investors are granted 10 year support for the investments made in Region 6 (12 years for organized industrial zones - OIZs), they will be exempted from the SSP amount corresponding to the employer’s share of the social security premium on legal minimum wage for 120 months (140 months for OIZs) for each additional employment created.

SSP support for employer's share example

Amount of SSP Support for Employer’s Share = (Additional Employment) x (Term*) x (SSP Support for Employer’s Share**) x (Gross Minimum Wage)
                                                                                   = 50 employees x 120 months x 183.4 TL
                                                                                   = 1,100,400 TL

* Term is expressed in “months”.  
** The amount for the 2nd half of year 2012.