Amendment to the Regulation on Foreign Direct Investments Law

23.10.2020
% 0

Pursuant to the Regulation Amending the Implementation Regulation of the Foreign Direct Investments Law published in the Official Gazette dated 16.10.2020 and numbered 31276 (“Amending Regulation”), the Implementation Regulation of the Foreign Direct Investments Law (“Regulation”) has been amended.

With the introduction of the Amending Regulation, definitions of registered e-mail (REM), registered e-mail service provider (REMSP) and REM account are inserted. In this regard, the companies and the branches, which are subject to the Foreign Direct Investments Law are required to obtain a REM account.

Pursuant to the amendment, authorization application, applications for time extension or for the cancellation of the authorization and updating procedures shall be done via REM system. Therefore, the physical application requirement before the relevant General Directorate of Incentive Practices and Foreign Capital is abolished.

The Amending Regulation enters into force as of the date of its publication in the Official Gazette. However, pursuant to the Provisional Article 2 of the Regulation, physical applications could still be made within one month from the publication of the Amending Regulation.

You may find the Turkish version of the Amending Regulation here.

All rights of this article are reserved. This article may not be used, reproduced, copied, published, distributed, or otherwise disseminated without quotation or Erdem & Erdem Law Firm's written consent. Any content created without citing the resource or Erdem & Erdem Law Firm’s written consent is regularly tracked, and legal action will be taken in case of violation.

Other Contents

The Communiqué on Venture Capital Market
Legal Developments
The Communiqué on Venture Capital Market

The Communiqué on the Principles Regarding the Companies whose Shares to be Traded on the Venture Capital Market (II-16.3) (Communiqué) has entered into force through publication in the Official Gazette dated 18.05.2023 and numbered 32194. The Communiqué sets out the principles and procedures regarding...


Capital Markets Law 18.05.2023
Presidential Decision on Determination of Companies Subject to Independent Audit Has Been Published
Legal Developments
Presidential Decision on Determination of Companies Subject to Independent Audit Has Been Published

Through the promulgation of President Decision No. 6434 (“Decision”) published in the Official Gazette dated 30th November 2022 and No. 32029, the procedures and principles regarding the companies subject to independent audit within the scope of Article 398 of the Turkish Commercial Code...

Capital Markets Law 02.12.2022
Press Release on Measures to Strengthen Financial Stability has been Published
Legal Developments
Press Release on Measures to Strengthen Financial Stability has been Published

Following the press release of the Ministry of Treasury and Finance, on 09.06.2022 the Capital Markets Board announced its Measures to Strengthen Financial Stability to establish the "Commodity Market" and initiate its internal processes regarding issuance of gold certificates...

Capital Markets Law 16.06.2022
An Amendment Has Been Made to Capital Movements Circular
Legal Developments
An Amendment Has Been Made to Capital Movements Circular

Article 38/2 of the Capital Movements Circular published by the Turkish Central Bank on 02.05.2018 (“Circular”) has been amended with the letter of Ministry of Treasury and Finance dated 08.02.2022 and numbered...

Capital Markets Law 17.02.2022
Communiqué Regarding Issuance of Secured Capital Market Instruments Has Been Published
Legal Developments
Communiqué Regarding Issuance of Secured Capital Market Instruments Has Been Published

The Communiqué Regarding Issuance of Secured Capital Market Instruments (II-31/B.1) (“Communiqué”) entered into force through its publication in the Official Gazette dated 26.01.2022 and numbered 31731...

Capital Markets Law 27.01.2022
The Communiqué on Corporate Governance has been amended
Legal Developments
The Communiqué on Corporate Governance has been amended

The Communiqué on Corporate Governance has been amended

Capital Markets Law 2.10.2020
Announcement on the Value of the Lease Contracts made in Foreign Currency and Indexed to Foreign Currency is published
Legal Developments
Announcement on the Value of the Lease Contracts made in Foreign Currency and Indexed to Foreign Currency is published

Announcement on the Value of the Lease Contracts made in Foreign Currency and Indexed to Foreign Currency is published

Capital Markets Law 16.10.2020
Corporate Tax Rate Discount for Some Institutions Whose Shares Are Offered to the Public for the First Time
Legal Developments
Corporate Tax Rate Discount for Some Institutions Whose Shares Are Offered to the Public for the First Time

Corporate Tax Rate Discount for Some Institutions Whose Shares Are Offered to the Public for the First Time

Capital Markets Law 17.11.2020
The Communiqué (No: 2008-32/34) on Decree No. 32 has been changed
Legal Developments
The Communiqué (No: 2008-32/34) on Decree No. 32 has been changed

The Communiqué (No: 2008-32/34) on Decree No. 32 has been changed

Capital Markets Law 2.02.2021
The Amendments on the Circular on Capital Movements-III
Legal Developments
The Amendments on the Circular on Capital Movements-III

The Amendments on the Circular on Capital Movements

Capital Markets Law 22.02.2021
Second Extension of the Period Designated for Submission of the First Country by Country Report
Legal Developments
Second Extension of the Period Designated for Submission of the First Country by Country Report

Second Extension of the Period Designated for Submission of the First Country by Country Report

Capital Markets Law 22.02.2021
The Amendments on the Circular on Capital Movements-II
Legal Developments
The Amendments on the Circular on Capital Movements-II

The Amendments on the Circular on Capital Movements

Capital Markets Law 19.03.2021
The Amendments on the Circular on Capital Movements-I
Legal Developments
The Amendments on the Circular on Capital Movements-I

The Amendments on the Circular on Capital Movements

Capital Markets Law 9.08.2021
The Amendments on the Circular on Capital Movements
Legal Developments
The Amendments on the Circular on Capital Movements

The Amendments on the Circular on Capital Movements

Capital Markets Law 1.10.2021
Amendments to the Communiqué on Decree No. 32 on the Protection of the Value of Turkish Currency (No: 2018-32/45)
Legal Developments
Amendments to the Communiqué on Decree No. 32 on the Protection of the Value of Turkish Currency (No: 2018-32/45)

Amendments to the Communiqué on Decree No. 32 on the Protection of the Value of Turkish Currency (No: 2018-32/45)

Capital Markets Law 14.10.2021

For creative legal solutions, please contact us.