Establish a Company in the Aquaculture Field in Turkey

For several years now, foreign investors have found good business opportunities in the fishing sector in Turkey. With good access to several seas, but also fresh waters, setting up business in the fishing industry is easier and the legislation is very supportive. One of the newest trends in the Turkish fishing sector is aquaculture which allows for the growing of various species of fish which are mostly exported to European countries.

The main law applying to fish farming in Turkey is the Fisheries Law first released in 1971 and amended in 2003. Our company registration consultants in Turkey can provide information the regulations related to fish farming.

What are the most prolific aquaculture activities in Turkey

Over the years, Turkish companies have tried various types of fish farming activities, however the most lucrative ones have proven to be fresh water and marine aquaculture. As a result, Turkey is now of the largest exporters of fish grown in farms in the world.

Entrepreneurs interested in starting an aquaculture business in Turkey must know that growing fish is not the only activity they can engage in. Apart from this, a Turkish aquaculture company may also:

• -          create fish hatcheries;
• -          engage in organic fish farming activities;
• -          tuna fattening activities.

Our company formation advisors in Turkey can assist with the registration of an aquaculture company.

Requirements to set up an aquaculture business in Turkey

The Turkish company formation process is the first step towards establishing a fish farm. Then a special license, called a fish farming permit must be obtained. The permit is issued by one of the following sections of the Aquaculture Department within the Ministry of Food, Agriculture and Livestock:

• -          the Marine Aquaculture section which issues the licenses for marine aquaculture companies;
• -          the Inlands Aquaculture section which issues the permits for fresh water fish farms;
• -          the Aquaculture Economics and Marketing which issues the licenses for other activities carried out by aquaculture companies.

Specific information must be provided upon filing for a fish farming license in Turkey.

For assistance with the incorporation of an aquaculture company in Turkey, please feel free to contact us.