News and developments
Companies and Branches within the scope of the Foreign Direct Investment Law are Required to Obtain a registered electronic mail (“KEP“) account
Several amendments were introduced on the Implementation Regulation on Direct Foreign Investments Law (the “Regulation”) on 16 October 2020. The companies and branches within the scope of the Law on Direct Foreign Investments (the “Law”) are now required to obtain a registered electronic mail (“KEP“) account. Accordingly, notifications and applications made through Electronic Information System on Incentive Implementation and Foreign Capital (“E-TUYS”) will be carried out via KEP accounts.
Following transactions related to the companies and branches within the scope of the Law will no longer be conducted physically but will be carried out electronically. In this regard, documents required for below submissions will be sent to KEP account of the General Directorate of Incentive Applications and Foreign Capital (“General Directorate”):
- Appointment of authorized users (“Representative“) to use E-TUYS in the name of the company/branch,
- Extension of the Representative’s term of duty,
- Cancellation of the Representative’s duty,
- Notifications regarding the change of tax number of the company/branch,
- Notifications regarding the termination of company’s/branch’s activities,
- Any other updates on the companies, branches or Representatives.