Repair and Maintenance Business for Boats in Turkey
In Turkey, a business concerning the repair and maintenance of boats can be established either as a 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 maritime industry is one of Turkey’s most lucrative investment areas, as it supports other sectors of the economy like commerce and fast-moving consumer goods. Due to the huge variety of linked activities, starting a business in Turkey in the maritime industry may be highly appealing. Ship and boat repair and maintenance are among these activities in Turkey. The criteria for starting a firm that provides boat and ship repair and maintenance services are less severe than those for starting a marine transportation company.
Registering a Business For The Repair and Maintenance of Boats in Turkey
Foreign investors who wish to start a business repairing and maintaining boats and ships in Turkey can do it at one of Turkey’s many ports or shipyards. They must first select a proper business form and register it with the appropriate authorities in Turkey in order to do so. The limited liability company is chosen by international business people among the forms of businesses that may be used to start a business for the repair and maintenance of boats and ships in Turkey.
Types of Services Offered by Companies in Turkey in The Maritime Sector
Turkish ports are home to a diverse range of boats. The most frequent watercraft seen in Turkey are pleasure boats used by resorts giving excursions to their guests and big vessels used for delivering cargo. The following services are generally required for these types of boats:
- Onboard technical repair and maintenance of different equipment,
- Mechanical repairs and maintenance for all types of boats and ships,
- After crashes or other forms of mishaps in Turkish seas, repair services,
- Services for electronic repair and maintenance and maintenance,
- Repair and maintenance of hydraulic and air-conditioning systems on boats and ships,
- Hull repair and maintenance, as well as underwater repair services,
Please contact our Turkish attorneys for further information on how to set up a firm that provides boat and ship repair and maintenance services in Turkey.
Choosing The Right Type of Entity for a Ship Repair Business in Turkey
In order to start a firm for ship and boat repair and maintenance in Turkey, you’ll need to figure out what kind of structure you want. Given that the majority of ship repair and maintenance businesses are small to medium-sized businesses, the limited liability company is the best structure for this sort of business, and it can be used by both domestic and foreign investors in Turkey. When establishing a firm for ship and boat repair and maintenance in Turkey, there are a few factors to consider:
- The newly formed firm must first register with the Turkish Companies Register,
- The company must have an appropriate location in which to provide its services,
- The Turkish Ministry of Transport and Maritime Affairs should be notified of the company’s existence,
- In addition, the firm needs to recruit skilled staff to provide the services advertised.
Why Start a Business For The Repair and Maintenance of Boats in Turkey?
Access to water is critical for Turkey, which is one of Europe’s and Asia’s most significant trading partners. Turkey is also a vital link between Asia and Europe, with numerous ships and boats stopping here for repairs and upkeep. This is one of the most compelling arguments for individuals considering establishing a ship repair and maintenance business in Turkey that can handle vessels arriving from all over the world.
To aid the shipbuilding industry in Turkey, the government has built a modern infrastructure as well as a variety of incentives to entice international companies to set up shop here. Shipbuilding and repair are two of the most significant areas of the Turkish maritime industry, employing more than 300,000 people across the country. Turkey also has about 90 modern shipyards which provide a variety of services.
Izmir and Guluk, which have access to the Aegean Sea, Istanbul and Derince, which have access to the Marmara Sea, Erdemir, Ordu, and Trabzon, which have access to the Black Sea, and Antalya, Isdemir, and Mersin, which have access to the Mediterranean Sea, are among Turkey’s biggest ports.