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With its deep rooted history, Sinop is one of the oldest settlement centers of the Black Sea Region.
Thanks to its strategic location, natural harbor, and appropriate climate for agriculture Sinop hosted
many leading civilizations of old ages since 2,200 BC such as the Hittites, Phrygia, Pontus, Rome and
Byzantium; and it became an important port for which great wars were fought. Thus the marks and
monuments of this rich history have accumulated through generations.
The period of Turkish rule started in 1214 with Seljukian armies control over Sinop. In the following
centuries the Jandarids and the Ottoman Empire ruled it and their inuences have become concrete in
the castle, streets, mosques and madrasahs of the city.
>> A living history:
Sinop
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With its deep rooted history, Sinop is one of the oldest
settlement centers of the Black Sea Region.
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Sinop, in addition to the deep rooted and rich history, wonderful nature and forests, shines
with its active business life, highly rich sea product potential, appropriate climate for many
agricultural activities, rapidly growing modern and young university and increasing student
population.
The pearl of theBlack Sea
>>
General Information
Population
Population Density
Total Area
Coastline
Forest Area/Total Area
Number of Districts
203,027 (2011)
34.6 (person / km2)
5,862 km2
175 km
59.6 %
9
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Sinop fascinates people with its natural beauties.
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Sinop is located at the northernmost point of Anatolia. Its neighbor cities are Kastamonu to
the west, Samsun to the east and orum to the south. It has a 175 km coastline to the Black
Sea. Sinop comprises 0.8 % of Turkeys total area with its 5,862 km 2area. The mountains
located parallel to the Black Sea become lower as they approach to the province center and
constitute plains near the sea coast. The highest point is on Mount Zindan which is located in
Ayanck. Gkrmak is one of the big rivers, which irrigates Boyabat Plain and joins Kzlrmak.
atalzeytin, Ayanck, Karasu, Kanlay (Gzelceay) and Kabal streams ow into the Black
Sea.
Sinop, with its wonderful nature, coves, lakes, waterfalls, uplands and unique seashore,
hosts many natural wonders of the region. Inceburun, the northernmost point of Turkey,
and the lighthouse on it are the most visited places by tourists. Akliman, Hamsilos Cove and
Sarkum charm visitors with their unique beauty. Erfelek Waterfalls is one of a kind worldwi-
de with its rare characteristics. Long and natural beaches and a clear sea are some other
important elements that make Sinop the shining star of the Black Sea Region.
>> Sinop, naturalbeauty
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Sinop, with its wonderful nature, coves, lakes, water-
falls, uplands and unique seashore, hosts many natu-
ral wonders of the Region.
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Sinop is a lively city in terms of social life. Sinop, which possesses all the characteristics of
a coast city, transforms into a carnival area every spring and summer when cafes and res-
taurants are often lled with people. During the three months of summer, nding a hotel to
accommodate can be difcult. Also, this vividness in tourism translates into a large quantityof tourists. 305,153 and 495,123 tourists have visited Sinop in 2007 and 2011, respectively.
Theaters and concert halls are very active in the city. Sinop University also contributes to the
social and cultural life of Sinop with its increasing student number year by year.
Social hub in the
Black Sea region
>>
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Sinop possessing all the characteristics of a coastal city,
transforms into a carnival area every spring and summer.
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With its educated and skilled population, Sinop is ready to
supply required qualied labor force to investors.
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Companies in Sinop are satised with their employees. The surveys about labor force
market of Sinop show that 75 % of the companies think their employees are skilled
enough.
For a closer look on the employment numbers of companies active in Sinop;
Number of companies having more than 10 employees is 348,
Number of companies having more than 1 employee is 2,888
Sector distribution of companies in Sinop is similar to that in Turkey. Service and Industry
are considered as primary sectors in Sinop.
>> Sinop is satisfiedwith its employees!
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Population Distribution by Age Groups
Sufciency of
Employees in Sinop
Sufcient
More Than Sufcient
Not Fully Sufcient
Not Sufcient
Not Sufcient
More ThanSufcient
Population
(Person)
Age Range
Not Fully
Sufcient
Sufcient
Sinop offers great advantages to the investors with its young population and employment potential. The
population which is intense in the 15 44 age groups is enough for the investors to have access to the
necessary labor force.
75%
21%
2% 2%
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University providesskilled labor forceto the industry!
>>
Sinop University has 12 departments consisting of 4 faculties, 2 colleges, 2 institutes and
4 junior technical colleges. By 2011 2012 academic calendar, Sinop University has taken
steps to show the potential of the city with its 4,239 students in undergraduate programs,
74 students in graduate programs.
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With its faculties and junior technical colleges, Sinop University provides
skilled labor force and technical employees to the region.
2,774
3,314
4,207
4,889
Number of University Students by Years
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Sinop has enough vocational high schools active in order to provide intermediate employees
for companies.
>> Sinops potential
for employment
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Name of Vocational School Number ofStudents
Education Areas
Girls Technical and Vocational School
Sinop Vocational Trade School
75. Yl Cumhuriyet Anatolian Vocational Medical School
Sinop Anatolian Vocational Marine School
Boyabat Vocational Trade School
Boyabat Girls Technical and Vocational School
Boyabat Anatolian Medical Vocational School
Boyabat Technical and Industrial Vocational School
Duraan Atatrk Vocational Training School
Erfelek ehit zkan elikkaya Multi-Prog. High School
Gerze Technical and Vocational School
Gerze Hotel Management and Tourism Vocational School
Religious Vocational School
Trkeli Vocational and Technical Training Center
Information Technologies, Child Development and Education, Clothing
Production Technologies, Food & Beverages Service
Information Technologies, Ofce Management and Assisting,Accommodation and Travel Service, Accounting and Finance, Marketingand Retail, Food & Beverages Service
Nursing, Emergency Health Service
Wood Technology, Information Technologies, Marine, Electrical -Electronics, Building Technologies, Machine Technology, Metal Technology,Furniture and Interior Design, Motor Vehicles Technology
Accounting and Finance, Marketing and Retail
Information Technologies, Child Development and Education, Food &Beverages Service, Wearing Production Technologies, Crafts Service
Nursing
Metal Works, Machine Technical Works, Furniture Interior Design Works,Electrical Electronic Works, Information Technologies
Child Development and Education, Metal Technologies, Electrical-Electronics Technology, Information Technology
Electrical-Electronics , Computer Sciences, Child Development and Education
Electrical-Electronics, Information Technologies, Accounting, Textile, WoodTechnology, Food & Beverages Service
Food & Beverages Service
Religious Vocational School
Computer Accounting, Information Technologies, Clothing Technologies,
324
295
178
203
115
250
165
269
238
180
355
125
147
257
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Investment land isready for you!
>>
Industrial infrastructure of Sinop has been rapidly improved and shaped by the needs of
the era. Currently 1 Organized Industrial Zone, namely Sinop Organized Industrial Zone
(Sinop OIZ), is active in Sinop. Sinop OIZ was established on 100 hectares-area in 2001. The
second OIZ which is called Boyabat OIZ will be ready to serve industrialists in 2013 on an
area of 72 hectares.
Furthermore, Small Industrial Sites are also located in Sinop and demanded intermediategoods and sub-industry production are provided to the investors by the companies in these
sites.
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Organized IndustrialZones (OIZs)
Activity Capacity Used (%) Total Area (ha) Sectoral Structure
Sinop OIZ
Boyabat OIZ
Active
Will be active 2013
53
Land Allocation - 2013
100
72
Textile, Plastics,Food, Furniture
-
Legend
Area (ha)
Employment(person)
Activity
Active
Small Industrial Size
Airport
Port
Fishing Port
Highway Connections
NotActive
Organize
dIndustrialZones
Other
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Sinop provides various alternatives to investors, especially in transportation. With its large
and safe port, new highway connections and daily ights, Sinop is a signicant location for
investors.
Especially for investors who plan productions and export to countries located in Black Sea
basin, Sinop has the potential to be a trade base due to its proximity to important ports.
>> Transportation
opportunities in Sinop
Big Cities Distance (km) Duration (hour) Means of Transportation
stanbul
Ankara
Samsun
691 km
428 km
163 km
Airway
Highway
Highway
1 hour
6 hours
2 hours
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Technical Features of Sinop Port
Area of the Port
Capacity of Ship Admission
Services Provided at the Port
5,000 m2(Open Area)
400 Ships
Customs and Passport Control
Harboring
Loading & Unloading, Waste Management
Sinop Airport, which is only 10 km away
from the city center and Sinop Port,
offers ights to stanbul every day.
Sinop Airport will be renewed in 2013
in order to serve to more destinations.
With its newly improved high way
connection to Samsun, Ankara and
stanbul, Sinop attracts investors and
also tourists as a new destination.
Seaway
Airway
Highway
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Potentialinvestment areas
>>
Sinop offers a great number of advantageous investment opportunities to the investors with
its strategic location, forest resource, great potential of sea products and unique nature.
Sinop is a strong candidate for being a new tourism center of the Black Sea with its unique
nature and the sea as well as its production industry and welcomes investments in the
tourism sector.
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Sector Investment Reasons
Tourism
Sea Products
Woodwork
Textile-Wearing Apparel
Service Industry
Medical
Energy
Nature BeautiesAccommodation Conditions
Heritage of Various Civilizations Incentives
Natural ResourcesSkilled Labor Force
Strongest Faculty of the University
Rich Forest PresenceSub-Industry Presence
Skilled Labor Force
Presence of Strong CompaniesSkilled Labor Force Incentives
Skilled Labor Force
Potential of Young PopulationSkilled Labor Force
Important Incentives for Private Hospitals
Potential of BioenergyPotential of Wind Energy
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The new investment incentives scheme is specically designed to encourage investments
with the potential to reduce dependency on the importation of intermediate goods vital to
the countrys strategic sectors.
Sinop is a Region 5 province according to the classication
based on socioeconomic development level of the
Regions in Turkey and offers various advantages to
the investors being one of the few
Region-5 cities located in the
western part of Turkey.
>> New investmentincentive system
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Investmentincentives system
>>
General InvestmentIncentives
Regional InvestmentIncentives
Large-ScaleInvestmentIncentives
StrategicInvestmentIncentives
VAT Exemption
Customs DutyExemption
VAT Exemption
Customs DutyExemption
Tax Reduction
Social Security
Premium Support
Investment Land
Allocation
Interest Support
VAT Exemption
Customs DutyExemption
Tax Reduction
Social Security
Premium Support
Investment Land
Allocation
VAT Exemption
Customs DutyExemption
Tax Reduction
Social Security
Premium Support
Investment Land
Allocation
VAT Refund
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Regardless of
Sector
Regardless of
InvestmentLocation
Min. FixedInvestmentAmount up to500,000 TRY
General
InvestmentIncentives
Regardless of the region where investment takes place, all projects meeting both the specic
capacity conditions and the minimum xed investment amount are supported within the
framework of the General Investment.
Investments included in General Investment Incentives are exempted from VAT for purchasing machines andequipment. North Anatolian Development Agency accepts applications for General Investment Incentives.
General
Investment
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>> Regional investment
incentivesSinop, with its very high growth potential, offers great opportunities to investors. In accordance
with the regional investment incentives, tax reduction of up to 90 %, interest support of up
to 900,000 TRY, social security premium support for 7 years, free investment land allocation
and customs duty exemption for purchasing machines and equipment are provided in Sinop.
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Extra Contribution toInvestments in OIZ
PrimaryInvestments
Investments inClustering and
R&D
Met theMin. FixedInvestmentAmount
SupportedSectors
RegionalInvestmentIncentives
The sectors to be supported in each region are determined in accordance with regional
potential and the scale of the local economy, while the intensity of supports varies depending
on the level of development in the regions.
North Anatolian Development Agency provides all-process-time-long free consultancy services for
investments which are included in regional investment incentives.
RegionalInvestmentIncentive
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Regional investment
incentives -instruments
>>
Tax Reduction
InterestSupport
Investment LandAllocation
Customs DutyExemption
VATExemption
Social SecurityPremium Support
Incentives -Instruments
Support to Investmentup to 40%
Tax Reduction up to 90%
Total Support to Investmentup to 50%
InterestSupport up to900,000 TRY
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Incentives -Example
Investor comes from stanbul
Investments in wearingapparel is not supported by
Investments in wearing apparelin Sinop (up to 500,000 TRY) issupported by the new incentivesystem.
Sinop Organized Industrial Zone
50 Employees
1,000,000 TRY Investmentin Wearing Apparel
Regional Investment Incentive Example
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Regional Investment Incentives Example
Incentives For Investment in Sinop
An investment worth 1,000,000 TRY is assumed to be agreed in Sinop Organized Industrial Zone.
Company has used 1,000,000 TRYcredit for 7 years.
Company hires 50 employee.
Company has an amount of100,000 assessment of taxes.
Company buys machine worth to250,000 TRY from a local seller.
Company imports machineworth to 250,000 TRY.
The total amount of the return for the
investment of 1,000,000 TRY
5 points of the interest rate issupported by the incentive.
Government Support for theInvestor: 175,000 TRY
Government Support for theInvestor: 90,000 TRY
Government Support for theInvestor: 57,500 TRY
Social security premium support ofemployees is supported by the incentive.
Taxes will be supported up to 50% oftotal investment amount.
Government Support for theInvestor: 500,000 TRY
Government Support for theInvestor: 500,000 TRY
No VAT will be paid by the investor.
No customs duty will be paid by theinvestor.
1,322,500 TRY
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Regional Investment Incentive Supported Sectors
Integrated animal husbandry investments including integrated animal husbandry investments for stock
Aquaculture (including sh larvae and eggs production)
Manufacturing of food and beverages
Manufacturing of textile products
Manufacturing of wearing apparel
Manufacturing of suitcase, hand bag, saddlery, footwear etc.
Manufacturing of wood and cork products (except furniture), manufacturing of mats and other similar wickerwork
Manufacturing of paper and paper products
Manufacturing of chemical and herbal products used in pharmaceuticals/pharmacy
Manufacturing of non-metallic mineral product
Main metal industry, metal casting industry except for iron and steel
Metalware
Manufacturing of machinery and equipment
Manufacturing of ofce, accounting and data processing devices
Manufacturing of electrical machinery and equipment
Manufacturing of radio, television, communication equipment and devices
Manufacturing of medical devices, precision and optical instruments
Manufacturing of motorized land vehicles and sub-industry thereof
Manufacturing of furniture (except for furniture manufactured only from plastic)
Hotels
Student dormitories
Cold storage house services
Licensed warehousing
Educational services (pre-school education included, education of adults and other educational
activities are excluded)
Hospital investment, nursing home
Smart, multifunctional, technical textile
Waste recovery and disposal facilities
Manufacturing of coal gas (synthesis gas)
Greenhousing
500,000 TRY
500,000 TRY
1,000,000 TRY
1,000,000 TRY
500,000 TRY
500,000 TRY
1,000,000 TRY
10,000,000 TRY
1,000,000 TRY
1,000,000 TRY
1,000,000 TRY
1,000,000 TRY
1,000,000 TRY
1,000,000 TRY
1,000,000 TRY
1,000,000 TRY
500,000 TRY
1,000,000 TRY
1,000,000 TRY
3 stars and above
100 students
500 m2
1,000,000 TRY
500,000 TRY
500,000 TRY - 100 persons
500,000 TRY
500,000 TRY
50 000,000 TRY10 decares
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500 m2
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
500,000 TRY
5 decares
Sectors Eligible for Regional Incentives Region 5 Region 6
Minimum Fixed Investment Amount
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Large scale
investmentincentives
>>
In order to accelerate the industrial transformation of our country, produce high added-value
goods and accomplish the export amount of TRY 500 Million according to 2023 Visionof
Turkey, these supports are for investments that are larger than the minimum xed amount of
investment regardless of the region.
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Large-ScaleInvestmentIncentives
Contribute toCountrys Technologic
Transformation
Technology-Intense All Regions
This incentive includes: VAT and Customs Duty Exemptions for purchasing machines, tax
reduction up to 80, Social Security Premium Support for 7 years, free land allocation
Large-ScaleInvestmentIncentives
North Anatolian Development Agency provides all-process-time-long free consultancy services for
investments which are included in large-scale investment incentives.
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Large-scale
investment incentives
>>
Tax Reduction
InterestPayment Support
InvestmentLand Allocation
Customs DutyExemption
VAT Reduction
Social SecurityPremium Support
Large-ScaleInvestment
Incentives
Support toInvestmentup to 11%
For 7 years
Tax Reduction up to80% Support to Investment
up to 50%
Up to TRY900,000
37
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Large-Scale Investment Incentives Minimum Fixed Investment Amounts & Sectors
Production of Rened Petroleum Products
Production of Chemical Products
Harbors And Harbor Services
Automotive OEM
Automotive Supply Industries
Production of Railway And Tram Locomotives And/Or Railway And Tram CarsTransit Pipeline Transportation Services
Electronics Industry
Production of Medical, High-Precision And Optical Equipment
Production of Pharmaceuticals
Production of Aircraft And Spacecraft And/Or Related Parts
Production of Machinery (Including Electrical Machinery And Equipment)
Mining (Including Metal Production)
1 Billion TRY
200 Million TRY
200 Million TRY
200 Million TRY
50 Million TRY
50 Million TRY
Investment Area Minimum Fixed Investment Amount
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Strategic investment
incentives
>>
Investments in sectors having a high-growth potential for creating high added-value with
R&D theme goods which reduce the dependency of intermediate goods import are conside-
red for strategic investment incentives.
39
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StrategicInvestmentIncentives
Met more than50% by Import
Minimum InvestmentAmount of TRY 50 Million Creating a Minimum
Added-Value of 40%
Possessing an ImportValue of at Least USD
50 Million during thepast one year
Reducing TheDependence of Import
VAT and customs duty exemption for purchasing machines Tax reduction up to 90 % Social security Premium support up to 7 years Free land allocation Interest payment support up to TRY 50 Million Tax refund for the expenses of building and construction
StrategicInvestmentIncentives
North Anatolian Development Agency provides free consultancy services for investments, during the entire
process, which are subjet to strategic investment incentives.
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Strategic investmentincentives
>>
Tax Reduction
InterestPayment Support
LandAllocation
Customs DutyExemption
VAT Refund
VAT Exemption
Social SecurityPremium Support
StrategicInvestment
Incentives
Support toInvestment upto 15 %
During 7 years
For Expenses of Building & Construction
Tax Reduction up to90 % Support to Investment
up to 50 %
Up to TRY50 Million
41
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KUZKA provides
hard investmentsupports!
>>
In 2012, North Anatolian Development Agency (KUZKA) has provided TRY 16 million in the region
as part of its 2011 Financial Support Programs. With the help of these programs, technical,nancial and labor force capacities of the companies in Sinop have been improved.
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Other FundingResources
>>
Apart from the Incentive System and the KUZKA Financial Supports, investment nance isprovided with appropriate conditions by various institutions in Sinop.
43
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We are here for you!
Sinop Investment Support Ofce serves by taking responsibility for problems of companies and investors.
As Sinop Investment Support Ofce, our vision is to be a reference point for investing in Sinop.
The responsibilities that Sinop Investment Support Ofce has carried out for investors are listed below.
All services offered by the Sinop Investment Support Ofce are free.
Free Consultancy (Investment Finance, Location of Investment, Relations with Public Institutions etc.)
Technical Support (Feasibility Research, Marketing Research, Process of Investment Allocation etc.)
Bureaucratic Problem Resolution (Permission, Warrant, Investment Allocation etc.)
Education Support (Entrepreneurship, Foreign Trade, Production Planning etc.)
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