{"id":6619,"date":"2026-08-05T03:06:43","date_gmt":"2026-08-05T03:06:43","guid":{"rendered":"https:\/\/www.sutyo.com\/kirgizistanda-girisim-sermayesi-finansmani-hakkinda-kanun-kabul-edildi\/"},"modified":"2026-08-05T03:06:43","modified_gmt":"2026-08-05T03:06:43","slug":"kirgizistanda-girisim-sermayesi-finansmani-hakkinda-kanun-kabul-edildi","status":"publish","type":"post","link":"https:\/\/www.sutyo.com\/tr\/kirgizistanda-girisim-sermayesi-finansmani-hakkinda-kanun-kabul-edildi\/","title":{"rendered":"K\u0131rg\u0131zistan’da, Giri\u015fim Sermayesi Finansman\u0131 Hakk\u0131nda Kanun Kabul Edildi"},"content":{"rendered":"
\n

Cumhurba\u015fkan\u0131 Sad\u0131r Caparov, “Giri\u015fim Finansman\u0131 Hakk\u0131nda Kanun”u imzalad\u0131.<\/p>\n

Belge, giri\u015fim fonlar\u0131, giri\u015fim y\u00f6neticileri, melek yat\u0131r\u0131mc\u0131lar, giri\u015fim yat\u0131r\u0131mc\u0131lar\u0131 gibi kavramlar\u0131 getiriyor.<\/p>\n

Kanun, giri\u015fim y\u00f6neticilerinin, yat\u0131r\u0131mc\u0131lar\u0131n ve yat\u0131r\u0131mc\u0131lar ile giri\u015fimler aras\u0131ndaki anla\u015fmalarda yer alan di\u011fer taraflar\u0131n hak ve y\u00fck\u00fcml\u00fcl\u00fcklerini tan\u0131ml\u0131yor. Ayr\u0131ca, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir krediler ve opsiyon s\u00f6zle\u015fmeleri gibi uluslararas\u0131 ara\u00e7lar\u0131 da getiriyor ve giri\u015fim fonlar\u0131n\u0131n i\u015fletme prosed\u00fcrlerini belirliyor.<\/p>\n

Bir giri\u015fim fonu, t\u00fczel ki\u015filik olu\u015fturmadan, giri\u015fim fonu limited ortakl\u0131\u011f\u0131 olarak veya K\u0131rg\u0131zistan Medeni Kanunu’na uygun ba\u015fka bir yasal bi\u00e7imde kurulabilir.<\/p>\n

Daha \u00f6nce, yasa tasar\u0131s\u0131 hakk\u0131ndaki parlamento tart\u0131\u015fmalar\u0131 s\u0131ras\u0131nda, K\u0131rg\u0131zistan’da \u00e7o\u011funlu\u011fu sosyal odakl\u0131 olmak \u00fczere 300 ila 500 aras\u0131nda giri\u015fim oldu\u011fu bildirilmi\u015fti. 2024 y\u0131l\u0131 itibar\u0131yla \u00fclkedeki giri\u015fim sermayesi fonlamas\u0131n\u0131n miktar\u0131 1,5 milyar soma ula\u015fm\u0131\u015ft\u0131 ve yeni yasa bu pazar i\u00e7in yasal bir \u00e7er\u00e7eve olu\u015fturmay\u0131 ama\u00e7l\u0131yor.<\/p>\n

Giri\u015fim sermayesi piyasas\u0131na kimler kat\u0131labilecek?<\/p>\n

Yasa, kilit kat\u0131l\u0131mc\u0131lar\u0131n resmi tan\u0131mlar\u0131n\u0131 getiriyor:<\/p>\n

Startup – yenilik\u00e7i ve \u00f6l\u00e7eklenebilir bir \u00fcr\u00fcn yaratan proje;<\/p>\n

Melek yat\u0131r\u0131mc\u0131 – erken a\u015fama projelere kendi fonlar\u0131n\u0131 yat\u0131ran ve onlara uzman deste\u011fi sa\u011flayan \u00f6zel yat\u0131r\u0131mc\u0131;<\/p>\n

Giri\u015fim fonu – s\u0131n\u0131rl\u0131 ortakl\u0131k olarak veya t\u00fczel ki\u015filik olu\u015fturmadan olu\u015fturulan nitelikli yat\u0131r\u0131mc\u0131lar\u0131n yap\u0131s\u0131;<\/p>\n

Fonlar fonu- giri\u015fim sermayesi ekosistemini desteklemek i\u00e7in devlet kat\u0131l\u0131m\u0131yla olu\u015fturulan ortak yat\u0131r\u0131m arac\u0131.<\/p>\n

Yasa hangi finansal ara\u00e7lar\u0131 \u00f6ng\u00f6r\u00fcyor?<\/p>\n

K\u0131rg\u0131zistan’\u0131n yasal \u00e7er\u00e7evesine \u00e7e\u015fitli uluslararas\u0131 giri\u015fim sermayesi finansman mekanizmalar\u0131 dahil edilmi\u015ftir:<\/p>\n

Gelecek i\u00e7in hisse s\u00f6zle\u015fmesi (SAFE)- bir yat\u0131r\u0131mc\u0131, gelecekte i\u015fletmede pay alma hakk\u0131 kar\u015f\u0131l\u0131\u011f\u0131nda para yat\u0131r\u0131r. S\u00f6zle\u015fme, seyreltmeye kar\u015f\u0131 koruma ve yeni yat\u0131r\u0131m turlar\u0131nda pay\u0131 (orant\u0131l\u0131 olarak) koruma hakk\u0131 sa\u011flayabilir;<\/p>\n

D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir kredi -s\u00f6zle\u015fmede belirtilen ko\u015fullar\u0131n ger\u00e7ekle\u015fmesi halinde, bor\u00e7 ek bir s\u00f6zle\u015fmeye gerek kalmadan \u015firketin hisselerine veya paylar\u0131na d\u00f6n\u00fc\u015ft\u00fcr\u00fcl\u00fcr; Opsiyon s\u00f6zle\u015fmesi, \u00f6nceden belirlenmi\u015f \u015fartlar alt\u0131nda \u015firket hisselerinin \u00e7al\u0131\u015fanlara ve dan\u0131\u015fmanlara devredilmesine olanak tan\u0131r.<\/p>\n

Fon Y\u00f6neticileri \u0130\u00e7in Gereksinimler<\/p>\n

Giri\u015fim fonu y\u00f6neticileri, menkul k\u0131ymetler piyasas\u0131n\u0131 d\u00fczenleyen devlet kurumuna kay\u0131tl\u0131 olmal\u0131d\u0131r.<\/p>\n

Kanun ayr\u0131ca y\u00f6neticilerin ticari itibar\u0131 i\u00e7in de gereksinimler belirler. Doland\u0131r\u0131c\u0131l\u0131k veya ekonomik su\u00e7lardan dolay\u0131 sab\u0131ka kay\u0131tlar\u0131 olmamal\u0131d\u0131r.<\/p>\n

Ayr\u0131ca, y\u00f6neticilerin \u015funlar\u0131 yapmas\u0131 gerekmektedir:<\/p>\n

kara para aklama ve ter\u00f6rizm finansman\u0131yla m\u00fccadele d\u00fczenlemelerine uygun olarak m\u00fc\u015fterileri belirlemek;<\/p>\n

fonun performans\u0131 Bakanlar Kurulu taraf\u0131ndan belirlenen s\u0131n\u0131rlar\u0131 a\u015farsa y\u0131ll\u0131k denetim yapmak.<\/p>\n

K\u0131s\u0131tlamalar ve Devlet Deste\u011fi<\/p>\n

Kanun, giri\u015fim fonlar\u0131n\u0131n genel kitleye y\u00f6nelik kitlesel reklam\u0131n\u0131 yasaklamaktad\u0131r. Fonlar yaln\u0131zca nitelikli yat\u0131r\u0131mc\u0131lardan fon \u00e7ekebilecektir.<\/p>\n

Destekleyici tedbirler olarak, belge giri\u015fimciler ve yat\u0131r\u0131mc\u0131lar i\u00e7in vergi te\u015fvikleri ve devlet kat\u0131l\u0131m\u0131yla ortak yat\u0131r\u0131m fonlar\u0131 olu\u015fturma imkan\u0131 sunmaktad\u0131r.<\/p>\n

Yasa, resmi olarak yay\u0131mlanmas\u0131ndan 15 g\u00fcn sonra y\u00fcr\u00fcrl\u00fc\u011fe girecektir. Bakanlar Kurulu, alt\u0131 ay i\u00e7inde y\u00f6netmelikleri yeni d\u00fczenlemelere uygun hale getirmekle y\u00fck\u00fcml\u00fcd\u00fcr.<\/p>\n

Kaynak: https:\/\/24.kg\/ekonomika\/383645_investitsii_vstartapyi_vkyirgyizstane_prinyat_zakon_ovenchurnom_finansirovanii\/\u00a0<\/p>\n

https:\/\/economist.kg\/ekonomika\/2026\/07\/31\/zakon-venchurnoe-finansirovanie\/\u00a0<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Cumhurba\u015fkan\u0131 Sad\u0131r Caparov, “Giri\u015fim Finansman\u0131 Hakk\u0131nda Kanun”u imzalad\u0131. Belge, giri\u015fim fonlar\u0131, giri\u015fim y\u00f6neticileri, melek yat\u0131r\u0131mc\u0131lar, giri\u015fim yat\u0131r\u0131mc\u0131lar\u0131 gibi kavramlar\u0131 getiriyor. Kanun, giri\u015fim y\u00f6neticilerinin, yat\u0131r\u0131mc\u0131lar\u0131n ve yat\u0131r\u0131mc\u0131lar ile giri\u015fimler aras\u0131ndaki anla\u015fmalarda yer alan di\u011fer taraflar\u0131n hak ve y\u00fck\u00fcml\u00fcl\u00fcklerini tan\u0131ml\u0131yor. Ayr\u0131ca, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir krediler ve opsiyon s\u00f6zle\u015fmeleri gibi uluslararas\u0131 ara\u00e7lar\u0131 da getiriyor ve giri\u015fim fonlar\u0131n\u0131n i\u015fletme prosed\u00fcrlerini belirliyor. … Okumaya devam et “K\u0131rg\u0131zistan’da, Giri\u015fim Sermayesi Finansman\u0131 Hakk\u0131nda Kanun Kabul Edildi”<\/span><\/a><\/p>","protected":false},"author":1271,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[393],"tags":[],"class_list":["post-6619","post","type-post","status-publish","format-standard","hentry","category-hayvancilik"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/posts\/6619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/users\/1271"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/comments?post=6619"}],"version-history":[{"count":0,"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/posts\/6619\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/media?parent=6619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/categories?post=6619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sutyo.com\/tr\/wp-json\/wp\/v2\/tags?post=6619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}