A new clause has been added to the Article 6 of the Capital Movements Circular regarding the payment of shares in the capital increase upon the letter of the Ministry of Treasury and Finance dated 04.11.2019 and numbered 468620. Paragraph 5 added to Article 6 of the Capital Movements Circular is as follows:
5 (5) It is possible to add the amounts invested to the company account to the capital for the future capital increase from the foreign partners, by capital increase within three months and documenting the capital increase within the framework of the transaction process described in the second paragraph for the capital increase share. ”
Accordingly, the latest to be added to the capital amount deposited in the account within 3 months of the company by foreign partners for future capital increase will be carried out in Turkey and must be documented in the resident company of the capital increase. If the foreign currency brought during this period is not added to the capital and the capital increase is not documented, the foreign exchange will be subject to credit transaction according to the foreign exchange legislation.