Amendment to the Implementation Regulation on State Aid for Investments
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This law amends the implementation regulation regarding state aid for investments in Turkey. It specifically changes the requirements for documents needed for the investment completion visa. The amended regulation outlines that, except for electricity generation investments, all investment subjects must provide a report prepared by a sworn financial advisor according to a designated format under certain conditions outlined by the General Directorate.
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Key Changes
- Modification of the document requirements for investment completion visas.
- Sworn financial advisor reports are now mandatory for all investment subjects except for electricity generation.
- The General Directorate will specify under what conditions certain rules apply.
Obligations
What this law requires
All investment subjects (except electricity generation investments) must provide a report prepared by a sworn financial advisor (Yeminli Mali Müşavir) for investment completion visa applications
The sworn financial advisor report must be prepared in accordance with the format specified in Attachment 5 (EK-5) of the regulation
The requirement to submit a sworn financial advisor report applies when conditions specified by the General Directorate (Genel Müdürlükçe) are met
The sworn financial advisor report requirement applies to incentive certificates (teşvik belgeleri) issued under previous Cabinet decisions
The General Directorate must establish and communicate the specific conditions under which the sworn financial advisor report is required