You can use Kuveyt Türk Leasing solutions to meet all your project needs.
What Is Leasing?
Leasing is a financing method of renting certain assets for a limited time. The user pays for the use of an asset without owning it; the leasing company holds the ownership rights of the asset while the user benefits from its functionality.
Who Can Apply for Leasing?
The commercial entities listed below may apply for leasing through Kuveyt Türk branches if they actively produce services or goods.
- Joint Stock and Limited Liability Companies
- Sole Proprietorships
- Collective Companies
- Self-Employed Individuals
- Joint Ventures
How to Apply for Leasing?
- Select the property you wish to take on the lease and apply to our bank.
- Following your application, you will be offered a payment plan suitable for your cash flow.
- If you find the offer suitable, submit the proforma invoice, application form, and other necessary documentation to our branch.
- We will evaluate your leasing application and inform you of the conclusion.
- Once the leasing contract is signed, the process commences.
- After you receive the asset subject to the contract, Kuveyt Türk pays the seller.
- You pay your rent during the contract period and take over the property if you wish at the end of the period.
Leasing Advantages
Leasing is an advantageous and flexible way to use assets to fulfill your company's needs.
- Through leasing, longer-term and flexible payment plans can be determined to match the cash flow.
- The profit share portion of the rent is recognized by the lessee as an expense in the period to which it belongs.
- Depending on the company's tax status, the cost of the fund may be more attractive than other financing methods.
- Companies can prefer the Sale and Leaseback model to make alternative investments with the funds generated by selling the company's fixed assets to the lessor (Kuveyt Türk). With leaseback, the asset in question can be used and owned again at the end of the contract.
Leasing Products and VAT Rates
Transportation
| Air Transportation | VAT |
|---|---|
| Airplane | %1 |
| Helicopter | %1 |
| Water Transportation | VAT |
|---|---|
| Bulk Cargo | %20 |
| Tanker | %20 |
| Passenger | %20 |
| Yacht | %20 |
Machinery and Equipment
| Heavy Equipment | VAT |
|---|---|
| Dozer | %1 |
| Excavator | %1 |
| Carrier | %1 |
| Forklift | %1 |
| Loder | %1 |
| Tourism Equipment | VAT |
|---|---|
| Heating and Cooling Devices | %1 |
| Kitchen and Laundry Equipment | %1 |
| Office Equipment | VAT |
|---|---|
| Computers | %20 |
| Photocopier | %20 |
| FAX Machines | %20 |
| Phones | %20 |
| Office Supplies | %20 |
| Textile Machines | VAT |
|---|---|
| Weaving Looms | %1 |
| Yarn Manufacturing Machines | %1 |
| Paint Machines | %1 |
| Garment Sewing Machines | %1 |
| Press and Publication Equipment | VAT |
|---|---|
| Printing Machines | %20 |
| Typesetting Systems | %20 |
| Desktop Publishing Systems | %20 |
| Other Machinery and Equipment | VAT |
|---|---|
| Production Machines | %1 |
| Packaging Machines | %1 |
| Machines Used in Food Industry | %1 |
| Audio and Video Equipment | %20 |
| Metal Processing Machinery | %1 |
Devices
| Medical Devices | VAT |
|---|---|
| Diagnostic Devices | %10 |
| Surgical Devices | %10 |
| Dental Units | %10 |
| Laboratory Equipment | %10 |
| Electronic and Optical Devices | VAT |
|---|---|
| Security Systems | %20 |
| Switchboard Systems | %1 |
| Electric Motors, Generators | %1 |
| Uninterruptible Power Supplies | %1 |
Real Estate
| Real Estate | VAT |
|---|---|
| Building | %20 |
| Landed Property | %20 |
- VAT rates in the tables are given in general. These rates are determined according to the CTSP (Customs Tariff Statistics Position) numbers announced by the relevant ministry by law.
- Click here to review the 1% reduced VAT list.
Visit our branches now for leasing solutions that will offer you a higher return on your investments!