Some amendments have been introduced to the Regulation for Implementation of Foreign Direct Investment Law (the "Regulation") with the Regulation regarding Amendment onthe Regulation for Implementation of Foreign Direct Investment Law (the "Amendment Regulation") published in the Official Gazette dated 1 June 2018, numbered 30438.
With the Amendment Regulation, the documentation and information regarding the companies and/or branches established by foreign investors in Turkey shall be commenced to be kept in electronic format. Any changes regarding title, tax office or contact information etc. shall be updated in the system.
General Directorate of Incentives Implementation and Foreign Investment (the “General Directorate”) initiated a web-based platform named E-TUYS.The companies and branches within the scope of Foreign Direct Investment Law shall be under an obligation to appoint an “authorized user” to conduct registrations on their behalf within E-TUYS.
The authorization applications will be made to the General Directorate with the documents and information listed in Article 10 of the Amendment Regulation. In 1 (one) month following the appointment of the authorized user, the companies and/or branches shall be registered to E-TUYS by fulfilling the information regarding investor, shareholders list and subsidiaries
Furthermore, the below information and documents shall be collected in electronic format and the General Directorate will no longer accept such documents to be posted in hard copy.
- Annex I of the Regulation: Foreign Direct Investments Operations Data Form that needs to be submitted on annual basis, until the end of May every year,
- Annex II of the Regulation: Foreign Direct Investments Capital Data Form that needs to be submitted within 1 (one) month following the payment indicating information on the payments made to company’s/branch’s equity accounts by virtue of capital increase or share transfer,
- In case of a share transfer of capital increase/decrease, “Shareholders List” in E-TUYS shall be amended within 1 (one) month following the realization of the share transfer or capital increase/decrease
It is expected to see the effects of E-TUYS to be applied to liaison offices soon.
For further information, please kindly contact us.
Att. Selin GÖK