Post by account_disabled on Mar 12, 2024 3:46:10 GMT
The Use of Renewable Energy Resources for the Purpose of Electrical Energy Generation Foreign currency loans to be used by Turkish residents who win tenders within the scope of Law No. on Privatization Practices and public tenders whose price is determined in foreign currency Foreign currency loans to be used by Turkish residents who are established for the purpose of purchasing shares in an existing or newly established company and who do not have any activity other than achieving this purpose.
On the other hand in accordance with the provisional article of the Circular when calculating the credit balances and foreign currency income of the holding company or its companies the total credit balances Ecuador Mobile Number List and foreign currency income of all companies will be taken into account and the limit of million USD on the credit balance will be applied accordingly. Situation in Receiving or Giving Foreign Currency Loans from Group Companies The situation in companies whose capital is entirely foreign In accordance with subparagraph d of paragraph of Article of the Circular there is no requirement for foreign currency income to be obtained in foreign currency loans to be used by group companies resident in Turkey from group companies.
With foreign capital resident abroad where the capital of foreign capital companies resident abroad is wholly owned. Accordingly if the entire capital of the company in Turkey belongs to persons residing abroad the company in Turkey will be able to use foreign currency loans from its foreign partner andor group companies with foreign capital without being subject to the foreign exchange income condition . However in foreign currency loan usage within this scope capital ownership must be documented is entirely or partially domestic As mentioned above since residents of Turkey can only obtain foreign currency loans from banks and financial institutions in Turkey it is not possible for a company.
On the other hand in accordance with the provisional article of the Circular when calculating the credit balances and foreign currency income of the holding company or its companies the total credit balances Ecuador Mobile Number List and foreign currency income of all companies will be taken into account and the limit of million USD on the credit balance will be applied accordingly. Situation in Receiving or Giving Foreign Currency Loans from Group Companies The situation in companies whose capital is entirely foreign In accordance with subparagraph d of paragraph of Article of the Circular there is no requirement for foreign currency income to be obtained in foreign currency loans to be used by group companies resident in Turkey from group companies.
With foreign capital resident abroad where the capital of foreign capital companies resident abroad is wholly owned. Accordingly if the entire capital of the company in Turkey belongs to persons residing abroad the company in Turkey will be able to use foreign currency loans from its foreign partner andor group companies with foreign capital without being subject to the foreign exchange income condition . However in foreign currency loan usage within this scope capital ownership must be documented is entirely or partially domestic As mentioned above since residents of Turkey can only obtain foreign currency loans from banks and financial institutions in Turkey it is not possible for a company.