In Turkey a business concerning the sale of transport vehicles can be established in either as joint stock company or a limited company.
While the steps for establishment is more or less the same for these type of companies there is a slight difference regarding the documents required for establishment in the last step. The founders of the company should prepare and sign a corporation charter. Once the charter is prepared and signed the authorization of the signatures is required.
Subsequent to the authorization of the signatures, it is required to prepare the signature declarations of the company’s officals. In this phase the signatures of the people who are authorized to respresent the company under the company’s name should be determined and must be approved by the competent authority.
In the third phase, the Competition Authority’s share and if the company in question to the establishment is a joint stock company the cash capital should be paid. The Competition Authority’s share is equivalent to %0.04 of the cash capital. If the company in question is a joint stock company %25 of its cash capital should be deposited into a bank account in the company’s name before the registry phase.
In the last phase, the founders or their competent representitives are required to apply to the Trade Record Directorship with their relevant documents in order to complete the registry phase. Also the joint stock and limited company’s the commercial books must be authenticated by the directorship and given to whom it may concern.
You Will Need Several Permits and Approvals
A business concerning the sale of transport vehicles is not subject to any ministry or official establishments approval whether it is a joint stock company or a limited company. However it should be mentioned that if the transport vehicles are to be imported; according to the Ministry of Trade’s Notification Regarding Land Route Vehicle Importation’s first article, the Administration of Customs seeks a physically or electronically composed statement of suitability reffering to the examinations of release for free circulation’s bill of entry registration made by the Ministry of Industry and Technology or its authorized esatablishments and organizations