>> A living history:

Sinop

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 influences have become concrete in
the castle, streets, mosques and madrasahs of the city.

With its deep rooted history, Sinop is one of the oldest

settlement centers of the Black Sea Region.

>> The pearl of the

Black Sea

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.

General Information
Population
Population Density
Total Area

203,027 (2011)
34.6 (person / km2)
5,862 km2

Coastline

175 km

Forest Area/Total Area

59.6 %

Number of Districts

Sinop fascinates people with its natural beauties.

>> Sinop, natural

beauty
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 km2 area. 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 flow 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 worldwide 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, with its wonderful nature, coves, lakes, waterfalls, uplands and unique seashore, hosts many natural wonders of the Region.

>> Social hub in the

Black Sea region

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 restaurants are often filled with people. During the three months of summer, finding a hotel to
accommodate can be difficult. Also, this vividness in tourism translates into a large quantity
of 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.

Sinop possessing all the characteristics of a coastal city,

transforms into a carnival area every spring and summer.

>> Qualified labor force

With its educated and skilled population, Sinop is ready to supply the required qualified
labor force to investors, particularly in the areas of textile and woodwork. Also, with the help
of KUR (Worker Finding Institution) and other state institutions, it is possible to provide
trainings to the required qualified workers.
Number of Companies in the Sector / Number of Companies in Sinop
Employment in the Sector / Employment in Sinop
37,1
31,4
24,7

24,7
17,2
12,9
6,9
5,3

5,4

Other

Sea Products

Food and Bevarage

Products

Non. Metalic
Mineral products

Textile

5,8

Rubber and Plastic

Products

5,9

4,7

Wood Products

8,1

From the table showing the distribution of labor force, it can be seen that textile is the leader
sector in terms of both labor capacity and number of companies. Other leading sectors are
the brick sector mainly in Boyabat, the sea products sector mainly in Dikmen and food and
woodwork sectors dispersed throughout the province.

11

With its educated and skilled population, Sinop is ready to

supply required qualified labor force to investors.

>> Sinop is satisfied

with its employees!

Companies in Sinop are satisfied 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.

13
Not Fully
Sufficient
2%

Sufficiency of

Not Sufficient
2%

More Than
Sufficient
21%

Sufficient
More Than Sufficient

Employees in Sinop

Not Fully Sufficient

Not Sufficient
Sufficient
75%

Population
(Person)

Population Distribution by Age Groups

Age Range

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.

>> University provides

skilled labor force

to 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.

15

With its faculties and junior technical colleges, Sinop University provides
skilled labor force and technical employees to the region.

Number of University Students by Years

4,889
4,207

3,314
2,774

>> Sinops potential

for employment
Sinop has enough vocational high schools active in order to provide intermediate employees
for companies.

17

Name of Vocational School

Number of
Students

Education Areas

Girls Technical and Vocational School

324

Information Technologies, Child Development and Education, Clothing

Production Technologies, Food & Beverages Service

Sinop Vocational Trade School

295

Information Technologies, Office Management and Assisting,

Accommodation and Travel Service, Accounting and Finance, Marketing
and Retail, Food & Beverages Service

75. Yl Cumhuriyet Anatolian Vocational Medical School

178

Nursing, Emergency Health Service

Sinop Anatolian Vocational Marine School

203

Wood Technology, Information Technologies, Marine, Electrical Electronics, Building Technologies, Machine Technology, Metal Technology,
Furniture and Interior Design, Motor Vehicles Technology

Boyabat Vocational Trade School

115

Accounting and Finance, Marketing and Retail

Boyabat Girls Technical and Vocational School

250

Information Technologies, Child Development and Education, Food &

Beverages Service, Wearing Production Technologies, Crafts Service

Boyabat Anatolian Medical Vocational School

165

Nursing

Boyabat Technical and Industrial Vocational School

269

Metal Works, Machine Technical Works, Furniture Interior Design Works,

Electrical Electronic Works, Information Technologies

Duraan Atatrk Vocational Training School

238

Child Development and Education, Metal Technologies, ElectricalElectronics Technology, Information Technology

Erfelek ehit zkan elikkaya Multi-Prog. High School

180

Electrical-Electronics , Computer Sciences, Child Development and Education

Gerze Technical and Vocational School

355

Electrical-Electronics, Information Technologies, Accounting, Textile, Wood

Technology, Food & Beverages Service

Gerze Hotel Management and Tourism Vocational School

125

Food & Beverages Service

Religious Vocational School

147

Religious Vocational School

Trkeli Vocational and Technical Training Center

257

Computer Accounting, Information Technologies, Clothing Technologies,

>> Investment land is

ready 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 intermediate
goods and sub-industry production are provided to the investors by the companies in these
sites.

19

Boyabat OIZ

Capacity Used (%)

Total Area (ha)

Active

53

100

Textile, Plastics,
Food, Furniture

Will be active 2013

Land Allocation - 2013

72

Sectoral Structure

Legend
Area (ha)
Organized Industrial Zones

Sinop OIZ

Activity

Employment
(person)

Active
Activity

Not
Active

Small Industrial Size

Airport
Other

Organized Industrial
Zones (OIZs)

Port
Fishing Port
Highway Connections

>> Transportation

opportunities in Sinop
Sinop provides various alternatives to investors, especially in transportation. With its large
and safe port, new highway connections and daily flights, Sinop is a significant 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.

Big Cities

Distance (km) Duration (hour)

Means of Transportation

stanbul

691 km

1 hour

Airway

Ankara

428 km

6 hours

Highway

Samsun

163 km

2 hours

Highway

21
Seaway
Technical Features of Sinop Port
Area of the Port

5,000 m2 (Open Area)

400 Ships

Capacity of Ship Admission

Customs and Passport Control

Harboring

Services Provided at the Port

Loading & Unloading, Waste Management

Airway
Sinop Airport, which is only 10 km away
from the city center and Sinop Port,
offers flights to stanbul every day.
Sinop Airport will be renewed in 2013
in order to serve to more destinations.

Highway
With its newly improved high way
connection to Samsun, Ankara and
stanbul, Sinop attracts investors and
also tourists as a new destination.

>> Potential

investment 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.

23

Sector
Tourism

Sea Products

Woodwork

Textile-Wearing Apparel

Service Industry

Medical

Energy

Investment Reasons
Nature Beauties
Accommodation Conditions
Heritage of Various Civilizations Incentives

Natural Resources
Skilled Labor Force
Strongest Faculty of the University
Rich Forest Presence
Sub-Industry Presence
Skilled Labor Force
Presence of Strong Companies
Skilled Labor Force Incentives
Skilled Labor Force
Potential of Young Population
Skilled Labor Force

Important Incentives for Private Hospitals

Potential of Bioenergy
Potential of Wind Energy

>> New investment

incentive system
The new investment incentives scheme is specifically 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 classification
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.

25

SNOP

stanbul

Samsun

Ankara

Sinop

Region 5

stanbul and Ankara

Region 1

Samsun

Region 3

Regional Development Incentives Ranking (From 1 to 6, 6

being most advantageous)

Big Cities

Distance from Sinop (Km)

Population (Million)

Ankara

428

4.9

stanbul

691

13.6

Samsun

163

1.3

>> Investment

incentives system

General Investment
Incentives
VAT Exemption
Customs Duty
Exemption

Regional Investment
Incentives
VAT Exemption
Customs Duty
Exemption
Tax Reduction
Social Security
Premium Support
Investment Land
Allocation
Interest Support

Large-Scale
Investment
Incentives
VAT Exemption
Customs Duty
Exemption
Tax Reduction
Social Security
Premium Support
Investment Land
Allocation

Strategic
Investment
Incentives
VAT Exemption
Customs Duty
Exemption
Tax Reduction
Social Security
Premium Support
Investment Land
Allocation
VAT Refund

27

Regardless of the region where investment takes place, all projects meeting both the specific

General
Investment

capacity conditions and the minimum fixed investment amount are supported within the
framework of the General Investment.

Regardless of
Sector

Min. Fixed
Investment
Amount up to
500,000 TRY

General
Investment
Incentives

Regardless of
Investment
Location

Investments included in General Investment Incentives are exempted from VAT for purchasing machines and
equipment. North Anatolian Development Agency accepts applications for General Investment Incentives.

>> Regional investment

incentives
Sinop, 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.

29

Regional
Investment
Incentive

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.

Extra Contribution to
Investments in OIZ
Supported
Sectors

Primary
Investments

Regional
Investment
Incentives
Met the
Min. Fixed
Investment
Amount

Investments in
Clustering and
R&D

North Anatolian Development Agency provides all-process-time-long free consultancy services for
investments which are included in regional investment incentives.

>> Regional investment

incentives -instruments
VAT
Exemption

Tax Reduction
Tax Reduction up to 90%
Total Support to Investment
up to 50%

Social Security
Premium Support
Support to Investment
up to 40%

Customs Duty
Exemption

Incentives Instruments

Interest
Support
Interest
Support up to
900,000 TRY

Investment Land
Allocation

31
Regional Investment Incentive Example
Sinop Organized Industrial Zone
Investor comes from stanbul

Incentives Example

50 Employees
Investments in wearing
apparel is not supported by

1,000,000 TRY Investment

in Wearing Apparel
Investments in wearing apparel
in Sinop (up to 500,000 TRY) is
supported by the new incentive
system.

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.

5 points of the interest rate is

supported by the incentive.

Government Support for the

Investor: 175,000 TRY

Social security premium support of

employees is supported by the incentive.

Government Support for the

Investor: 500,000 TRY

Taxes will be supported up to 50% of

total investment amount.

Government Support for the

Investor: 500,000 TRY

Company buys machine worth to

250,000 TRY from a local seller.

No VAT will be paid by the investor.

Government Support for the

Investor: 90,000 TRY

Company imports machine

worth to 250,000 TRY.

No customs duty will be paid by the

investor.

Government Support for the

Investor: 57,500 TRY

Company has used 1,000,000 TRY

credit for 7 years.
Company hires 50 employee.
Company has an amount of
100,000 assessment of taxes.

The total amount of the return for the

investment of 1,000,000 TRY

1,322,500 TRY

33
Regional Investment Incentive Supported Sectors
Sectors Eligible for Regional Incentives

Minimum Fixed Investment Amount

Region 5

Region 6

Integrated animal husbandry investments including integrated animal husbandry investments for stock

500,000 TRY

500,000 TRY

Aquaculture (including fish larvae and eggs production)

500,000 TRY

500,000 TRY

Manufacturing of food and beverages

1,000,000 TRY

500,000 TRY

Manufacturing of textile products

1,000,000 TRY

500,000 TRY

Manufacturing of wearing apparel

500,000 TRY

500,000 TRY

Manufacturing of suitcase, hand bag, saddlery, footwear etc.

500,000 TRY

500,000 TRY

1,000,000 TRY

500,000 TRY

Manufacturing of wood and cork products (except furniture), manufacturing of mats and other similar wickerwork
Manufacturing of paper and paper products

10,000,000 TRY

500,000 TRY

Manufacturing of chemical and herbal products used in pharmaceuticals/pharmacy

1,000,000 TRY

500,000 TRY

Manufacturing of non-metallic mineral product

1,000,000 TRY

500,000 TRY

Main metal industry, metal casting industry except for iron and steel

1,000,000 TRY

500,000 TRY

Metalware

1,000,000 TRY

500,000 TRY

Manufacturing of machinery and equipment

1,000,000 TRY

500,000 TRY

Manufacturing of office, accounting and data processing devices

1,000,000 TRY

500,000 TRY

Manufacturing of electrical machinery and equipment

1,000,000 TRY

500,000 TRY

Manufacturing of radio, television, communication equipment and devices

1,000,000 TRY

500,000 TRY

500,000 TRY

500,000 TRY

Manufacturing of motorized land vehicles and sub-industry thereof

1,000,000 TRY

500,000 TRY

Manufacturing of furniture (except for furniture manufactured only from plastic)

1,000,000 TRY

500,000 TRY

3 stars and above

500,000 TRY

100 students

500,000 TRY

500 m2

500 m2

1,000,000 TRY

500,000 TRY

500,000 TRY

500,000 TRY

500,000 TRY - 100 persons

500,000 TRY

Smart, multifunctional, technical textile

500,000 TRY

500,000 TRY

Waste recovery and disposal facilities

500,000 TRY

500,000 TRY

50 000,000 TRY

500,000 TRY

10 decares

5 decares

Manufacturing of medical devices, precision and optical instruments

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

Manufacturing of coal gas (synthesis gas)

Greenhousing

>> Large scale

investment
incentives
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 Vision of
Turkey, these supports are for investments that are larger than the minimum fixed amount of
investment regardless of the region.

35

Large-Scale
Investment
Incentives

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

Contribute to
Countrys Technologic
Transformation

Technology-Intense

Large-Scale
Investment
Incentives

All Regions

North Anatolian Development Agency provides all-process-time-long free consultancy services for
investments which are included in large-scale investment incentives.

>> Large-scale

investment incentives
VAT Reduction

Tax Reduction up to
80%
Support to Investment
up to 50%

Social Security
Premium Support
Support to
Investment
up to 11%
For 7 years

Customs Duty
Exemption

Tax Reduction

Large-Scale
Investment
Incentives

Interest
Payment Support
Up to TRY
900,000

Investment
Land Allocation

37

Large-Scale Investment Incentives Minimum Fixed Investment Amounts & Sectors

Investment Area
Production of Refined Petroleum Products

Minimum Fixed Investment Amount

1 Billion TRY

Production of Chemical Products

200 Million TRY

Harbors And Harbor Services

200 Million TRY

Automotive OEM

200 Million TRY

Automotive Supply Industries

50 Million TRY

Production of Railway And Tram Locomotives And/Or Railway And Tram Cars
Transit 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)

50 Million TRY

>> 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 considered for strategic investment incentives.

39

Strategic
Investment
Incentives

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

Met more than

50% by Import
Minimum Investment
Amount of TRY 50 Million

Reducing The
Dependence of Import

Strategic
Investment
Incentives

Creating a Minimum
Added-Value of 40%

Possessing an Import
Value of at Least USD
50 Million during the
past one year

North Anatolian Development Agency provides free consultancy services for investments, during the entire
process, which are subjet to strategic investment incentives.

>> Strategic investment

incentives
VAT Exemption

Tax Reduction up to
90 %
Support to Investment
up to 50 %

Social Security
Premium Support
Support to
Investment up
to 15 %
During 7 years

Tax Reduction

Strategic
Investment
Incentives

Interest
Payment Support
Up to TRY
50 Million

Customs Duty
Exemption
VAT Refund
For Expenses of Building & Construction

Land
Allocation

41

>> KUZKA provides

hard investment
supports!

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,
financial and labor force capacities of the companies in Sinop have been improved.

>> Other Funding

Resources

Apart from the Incentive System and the KUZKA Financial Supports, investment finance is
provided with appropriate conditions by various institutions in Sinop.

43

We are here for you!

Sinop Investment Support Office serves by taking responsibility for problems of companies and investors.
As Sinop Investment Support Office, our vision is to be a reference point for investing in Sinop.
The responsibilities that Sinop Investment Support Office has carried out for investors are listed below.
All services offered by the Sinop Investment Support Office 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.)