Within the scope of the efforts initiated to reduce bureaucracy and red tape in the public sector and to increase the quality of services offered to citizens, the Ministry of Economy's General Directorate of Incentive Implementation and Foreign Capital has started a study on conducting investment incentive certificate-related business and transactions electronically.
The first phase of the project, which aims for all processes related to investment incentive certificates to be carried out through the web-based application called E-TUYS, managed by the General Directorate of Incentive Implementation and Foreign Capital, consists of authorizing users who will conduct transactions via E-TUYS on behalf of investors. In this context, the Communiqué on Authorization for Conducting Investment Incentive Certificate Transactions Electronically was published in the Official Gazette dated May 31, 2018, number 30437, and entered into force.
In the second phase, all kinds of applications regarding investment incentive certificates will be received electronically, ending the practice of paper-based document flow. In this context, Communiqué No. 2018/2 Amending Communiqué No. 2012/1 on the Implementation of the Decision on State Aid to Investments was published in the Official Gazette dated June 10, number 30447, and entered into force.
As of July 2, 2018, only individuals holding a qualified electronic certificate whose authorization application has been approved by the Ministry of Economy will be able to access the system to carry out investment incentive transactions via E-TUYS. After the said date, the Ministry will be the sole authority in finalizing new document applications. Therefore, Local Units will not be able to accept new applications for the issuance of investment incentive certificates.
On the other hand, in accordance with the provisions of the Regulation Amending the Regulation on the Implementation of the Foreign Direct Investments Law, published in the Official Gazette dated June 1, 2018, and numbered 30438, the practice of receiving "Activity Information Form for Foreign Direct Investments", "Capital Information Form for Foreign Direct Investments", "Share Transfer Information Form for Foreign Direct Investments" documents, sent by companies and branches established by foreign investors in Turkey to the General Directorate of Incentive Implementation and Foreign Capital, in paper form has been terminated within the framework of Article 5 of the Regulation on the Implementation of the Foreign Direct Investments Law No. 4875. The information requested in the said documents must now be submitted by authorized persons through the E-TUYS system.
You can follow the legislative regulations regarding this matter via this link.
This content has been translated using artificial intelligence technology.