05.05.2022/29
About May Notifications of Foreign Capitalized Companies and Liaison Offices
Article 2 of the Foreign Direct Investment Law No. 4875 defines foreign investor. Accordingly, a foreign investor is a person who makes foreign direct investment in Turkey,
- Natural persons holding citizenship of foreign countries and Turkish citizens residing abroad,
- Legal entities and international organizations established under the laws of foreign countries
refers to.
The Regulation on the Implementation of the Foreign Direct Investment Law published in the Official Gazette dated 20.08.2003 and numbered 25205 regulates certain notification obligations of foreign capital companies and their branches.
Accordingly, companies and branches with foreign capital are required to fill in and register the fields in the “Annex-1 Activity Information Form for Foreign Direct Investments” in the Electronic Incentive Implementation and Foreign Capital System (E-TUYS), which is accessible through the website of the Ministry of Industry and Technology (Ministry), on an annual basis by the end of May at the latest each year.
In addition, the liaison offices of these companies in Turkey are required to send the “Annex-4 Information Form on the Activities of Liaison Offices” annexed to the Regulation and the attached documents to the Ministry until the end of May.
The extension requests of liaison offices that do not submit the notification will not be evaluated and their activity permits will be canceled ex officio.
You can access the relevant Regulation here.
Sincerely,
BİLGENER
