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Is it possible to increase the capital in USD?

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We deposited the amount of capital increase to the bank in US Dollars. İstanbul Chamber of Commerce requests bank document in TL.

1-Company owner is a foreign person. He wants to register his capital in USD. Is it possible to increase the capital in foreign currency?

2-İstanbul Chamber of Commerce requests bank receipt in TL. Is this request valid?

 

In accordance with Trade Registry Regulation Article 32, trade registeries must be kept in Turkish. It is not possible to increase and register the capital in USD. On the other hand, the deposited amount must be according to the exchange rate of that day.

 

 

 


Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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