Amendments Regarding Notices Of Direct Foreign Investments
The provisions regarding notification obligations of the “the Regulation on Implementation of the Foreign Direct Investment Law” (“Regulation“) has been amended with “the Regulation on the Amendment of the Regulation on the Implementation of the Foreign Direct Investment Law” (“Amendment“) published in the Official Gazette dated June 1, 2018 and numbered 30438.
According to Article 5 of the Amendment, the Amendment entered into force on June 1, 2018, which is the date of its publication. The following shall be valid for notifications made after such date:
- Companies and branches within the scope of the Law shall determine a User,
- Such companies and branches shall make an application to the General Directorate with the required documents related to the User, and
- The companies and branches within the scope of the Law shall make notifications through E-TUYS, within the time periods specified in the Amendment.