An important change in investment incentive applications came into effect with the March 9, 2026 circular of the Ministry of Industry and Technology. In line with the Council of State’s 8th Chamber’s decision to suspend implementation, this regulation stipulates that a Certified Public Accountant (CPA) report will now be required for investment completion visa procedures, regardless of the amount involved.
This change is of direct importance for companies applying under the investment incentive certificate. In particular, the fact that Certified Public Accountant (CPA) reports—which were previously accepted within certain amount ranges—are no longer valid signals a new phase requiring careful attention during the application preparation process.
What Was the Previous Practice for the Investment Completion Visa?
Under the previous practice, Sworn in CPA reports were accepted for investments between 50 million TL and 100 million TL. This allowed for a different documentation process for applications involving investments of a certain size.
However, this practice has ended with the new regulation.
Only CPA Reports Will Be Valid Under the New Practice
In the new period, the CPA report for the investment completion visa has become mandatory. Regardless of the investment amount, only the Certified Public Accountant report will be accepted for completion visa applications.
With this change, greater care must be taken during the preparation of application files to ensure proper document verification. Incomplete or improperly formatted documents may cause delays in the process or prevent the application from being finalized.
Documents Required to Be Uploaded to the System During the Application Process
The following documents must be uploaded to the system for completion visa applications:
- CPA report in EK-5 format
- Implementation lists
- CPA activity certificate
To ensure the application proceeds smoothly, it is important that these documents are prepared in accordance with relevant regulations, both in terms of content and format.
System Updated: Applications Cannot Be Completed Without a CPA Report
The necessary updates have been made to the Ministry of Industry and Technology’s system, and it is no longer possible to complete investment completion visa applications without a CPA report.
Therefore, companies conducting transactions under the investment incentive certificate must plan their financial advisory and reporting processes in accordance with the new regulations. Especially for investments with an approaching application deadline, the timely preparation of the CPA report is of critical importance.
Why Is Proper Management of the Investment Completion Visa Process Important?
The investment completion visa process is a crucial step in the closing phase of the investment incentive certificate and holds significant importance for the finalization of incentive applications. At this stage, the required documents must be prepared in full, the status of the investment’s implementation must be reported accurately, and system uploads must be conducted in accordance with procedures.
With the new regulation, the mandatory CPA report has made it necessary to manage this process with greater technical and financial diligence.
We Closely Monitor the Process at ÖzbekCPA
We closely monitor the up-to-date information and consulting support that companies require regarding investment incentive certificates, completion visa procedures, and regulatory changes.
The Mandatory CPA Report for the Investment Completion Visa—for detailed information on this topic and to properly plan your application process, you can contact us.
