Company Establishment Procedures

Why might you need to establish a company?

There are two main reasons:

1. In accordance with Turkish legislation. It is against Turkish customs and boat legislation for persons who do not reside abroad to register a foreign-flagged boat in their own names (as individuals). Registration must be made on a foreign company
2. As per the condition of acceptance of the registry. Most international ship registries only accept registrations in the names of citizens of certain countries or companies established in those countries. If you are not on this list, you must first establish a company in an eligible country before you can register.

Transactions We Carry Out

• New company establishment
• Boat registration to established company
• Boat sales and registration through financial leasing
• Follow-up of annual taxes and fees to be paid
• Registration cancellation procedures
• Company and share transfers
• Boat sales and Bill of Sale arrangement
• Obtaining a radio license and radio call code
• Supply and follow-up of all boat documents

Consular and Transfer Procedures

• Boat sales (Bill of Sale)
• flag certificate
• Certificate of authorization for the captain
• Company and share transfer transactions

Documents coming from foreign countries must be Apostille certified and consulate approved, while some must be notary and translation certified. We carry out all of these processes on your behalf.