NEW FLEXIBILITY INTRODUCED FOR THE FIRST MONITORING PERIOD

Within the scope of Empowering the Private Sector to Foster Social and Economic Cohesion in Türkiye (FOSTER) Project Employment Committed SME Support Programme, new flexibility has been introduced for SMEs that are having difficulties in fulfilling their employment commitments due to the inability to complete work permit processes during the first monitoring period.

Within the scope of the revision, on an exceptional basis and only in the first monitoring period, beneficiary SMEs with less than 40 SSI premium days (but equal to or higher than 1 SSI premium day) for each new employee will be deemed to have fulfilled the 40 days eligibility criteria if they can prove that the work permit application procedure (duration between work permit application and approval) has taken more than 30 calendar days. In any case, the amount of support payment is calculated according to the number of SSI premiums days verified via the SSI database. 

FOSTER Project, financed by the European Union, managed by KfW Development Bank and implemented by KOSGEB, aims to improve the conditions for SMEs to create and retain jobs and strengthen their position as employers by increasing their access to finance.