To learn more about the New Turkish Commercial Code, please read the following article written by Ceyhun Necati Pehlivan from DLA PIPER, member of the Chamber
“This material was first published by Thomson Reuters (Professional) UK Limited in Ceyhun Necati Pehlivan, The New Turkish Commercial Code: Major Corporate Law Reform in Line with EU and Swiss Law, International Company and Commercial Law Review Issue 2, 2013 and is reproduced by agreement with the Publishers”.
Texbridge Istanbul will be held betwen 09-11 October 2013 with the support of UTIB(Uludag Textile Exporters’ Association).
Texbridge Istanbul has now become the most influencial trade fair for fabrics, yarn, trimmings and accessories.
If you would like to register, please fill in the following form Solicitud Ministerio de Economía and please contact the Commercial Office of the Turkish Embassy in Spain before 23 September.
For further information visit www.cnrtexbridge.com
The show will take place at Istanbul Expo Center on June 26-28,2014.
Kindly note that Eurasia Expo Tool will be the first exhibition of its kind in Turkey and Eurasia region focusing on Power and Hand Tools, its accessories, and auxiliary products used in Construction, Automotive, D.I.Y, Manufacturing, Wood Working and other industries where hand tools are used.
For more information, please click here:
Eurasia Expo Tool A4 TR_Foy-1
We remind you that Chamber members have an exclusive discount in flights from Spain to Turkey in Turkish Airlines.
For more information, please press here
Friday, June 28th, 2013, during a Ministers’ meeting, the government gave the “green light” for the project of the Entrepreneur Support and Internationalization Law. This was announced by Vice President Soraya Saénz de Santamaria in a press conference following the Ministers´ meeting (as published by Moncloa). The bill includes measures to reduce state revenue and provide a special tax break and benefits to Entrepreneurs. In addition to these measures, is expected that the Bill provides for the granting of residence permits to non EU nationals who invest in Spain by purchasing real estate worth 500.000 Euros or by buying public debt of at least € 2 million. Also meaningful investments that create jobs or support business projects can lead to temporary residence. (“La Nueva España”)
The law will be passed by an expedited process. (Europa Press) The government wants to get this and two other pending bills passed before the end of July or August. The government has expressed their intention to hold special plenary sessions on July 16th and 17th to approve the bills.
No official text has yet been published according to Moncloa. However, the official report from the Ministers´ Meeting (Referencia del Consejo de Ministros) of 28 June, 2013 refers to the approval of the bill and includes reference to the Attraction of Talent and Investment, including the measures to provide residence permits for economic reasons through a quick and easy process before a single authority (As published by MONCLOA). The Bill must still pass through the Senate and is not yet an approved law. Hopefully we will hear more soon as the bill passes through the government´s approval process.
Amanda Osorio
Marina Bugallal
Summary:
Last Friday the 24th of May, the government introduced a bill for the proposed Entrepreneurs´ Law. When they Law is approved, the government will include special measures to help foreign investors obtain Spanish residency. It is still unknown when the proposal will go into effect. Also, some of the fine print is still unknown.
In the press conference after the Council of Ministers, the Deputy Prime Minister, Soraya Saenz de Santamaria, explained that the bill also offers a residence permit to foreign entrepreneurs who buy public debt amounting to more than two million Euros. (El Mundo, a Spanish newspaper)
The proposal also provides residence for foreigners who invest in business projects that create jobs or have a significant impact in terms of socio-economic or scientific and technological innovation. It will also be available to those foreigners who make a significant investment or business project of general interest. (El Mundo)
Saenz de Santamaria, also said that the proposal is a comprehensive and complete provision, developed through nine ministries, which aims to boost entrepreneurial and business activities. The bill is intended to encourage investment in Spain and attract talent to Spain. Therefore, the regulation will facilitate the approval of residence permits for investors and highly qualified professionals. (La Moncloa, Madrid)
According to El Mundo, the Government will approve residence permits for foreigners who buy homes valued at or above 500.000 Euros. The government hopes to attract the fortunes of countries like Russia and China. This figure is much higher than the originally proposed investment of € 160.000.
The actual text of the bill appears as follows:
Attracting investment and talent to Spain, facilitating and expediting the approval of residency permits for:
The updates are coming in slowly but as is evidenced by the information that came out late last week, the proposed bill is active and we expect to continue hearing updates from the government about this opportunity.
Marina Bugallal & Amanda Osorio
For additional information, please click here
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Summary:
Türk-İspanyol Ticaret ve Sanayi Odası Yönetim Kurulu olarak, geçtiğimiz 12 Haziran tarihinde El Correo Gallego Grubu tarafından düzenlenen “Türkiye, Galisyalı Şirketler için Yatırım Fırsatları” konulu bir seminere katılım sağlanmış ve Oda’yı ve hizmetlerimizi tanıtıcı bir konuşmanın yanısıra ülkemizde şirket kurulması, yeni Ticaret Kanunu gibi pratik konuları da içeren bir sunum yapılmıştır.
Galisyalı şirketlerin temsilcilerinin, Bölgesel Kalkınma Ajansı, Galisya Ticaret Odası temsilcilerinin ve üniversiteden katılımcıların yer aldığı seminerde Yönetim Kurulu adına sunumu Oda Genel Sekreteri Sn. Antonio Viñal yapmıştır. Seminere ilişkin haberleri ekte yer alan gazete haberinde bulabilirsiniz: el Correo Gallego