The Advantages And The Criterias Of Being An International Trading Company - Corporate and Company Law

In the article 95/7623, 3rd Statement of the Export Regime Decision dated 22/12/1995, Export Regime Decision,Acquiring the status of International Trade Company, witdrawal of the status and the responsibilities of International Trading Company, are arranged under "International Trading Company" (Export 2004 / 12) .

At least 2 million TL of paid-in stocks
customs declaration in the previous calendar year, at least 100 million US Dollars or equivalent for exports have to been declared.

Companies that are fit to these conditions must fill out the application form we attach in order to acquire the status of International Trade Company and must apply to the Undersecretariat of Foreign Trade (General Manager of Exports). The files and documents that are submitted shall be deemed correct until otherwise. The companies that are not included in the decision regarding the International Trade Companies that are in effect in the year in which they are held, in case of their requests, as a result of the examination involving going back 12 months as of the date of application, the International Trade Company Status can be given. Under the examination of Undersecretariat of Foreign Trade the companies determined to have the necessary conditions will be given the status of "International Trade Company" and will published in the Official Gazzete.

The Adcantages of International Trade Company's are;

1. : Despite the fact that they are not manufacturers, they can benefit from the deferral-cancellation application in terms of tax legislation,

2. Only a 4% collateral indication is sufficient to retrieve the VAT of exports,

3. To be able to claim the refund without having received the customs declaration confirmation for VAT refunds below 4000 TL

4. To secure the finance of exports, benefit the credits from Eximbank without an intermediary bank, which provides a lower interest rate,

5. In relation to Customs LEgistration; benefit from certain exceptions such as not seeking a certain number of employment conditions to obtain an approved person status, not looking for a manufacturer condition, not investigating export import performance criteria, searching for a part of the documents presented to customs,

6. Prioritization of State aid for exports,

7. The demand for deposit is lower at imports made under the processing regime.

For Export's State aids, export incentives and export grants are carried out by Ministry of Economy and General Secretariat of Exporters' Unions. To give an example of these state aids;

For increasing competition power in international markets, analyses reports for environmental documents, human life and property safety and security in order to ensure compliance of environment, quality and human life below expenditure on agricultural products analysis reports are 50% and up to $ 25,000 per document,

Up to $ 120.000 per year in the rate of 50% to 90% of the rental expenses of the offices,stores and warehouses that will be opened abroad for export purposes,

Advertising and promotional expenditures abroad for export purposes can range from 60% to 90% annually up to $ 250,000,

Expenses related to visits to abroad markets research are 70% per trip and up to $ 7,500,

In order to create action plans with foreign market entry strategies, expenses related to sector, country, foreign company or brand focused reports made by international organizations and consultancy services for foreign company purchases, from 60% to 75% for companies and up to a maximum of $ 200,000 per year

For non-costumers, membership fees for e-commerce sites are 70% and up to $ 10,000

In order to develop clusters and increase the international competitiveness of SME's, by co-operation companies ,Up to 75% of expenses, maximum $ 1,200,000 per project for education,consultancy, foreign market research trips and purchase delegations, with the participation of at least 10 companies,

Are supported; and that these are supported by the Grant and Price Stability Fund a way of gratuitous donation.

LEGISLATION AND INSTITUTION

Communique For International Trade Company Status (Export 2004 / 12)

Statement 1: Paid corporate funds must be at least 2 million YTL. (2 trillion TL) in the previous calendar year on customs declaration basis, having at least 100 million US Dollars or equivalent of actual exports (excluding transit and free export) joint-stock companies, "International Trade Company" status may be given every year, for applicants until the last day of January, or such status may be renewed for companies already holding International Trade Company Status.

Companies that meet the requirements of the first paragraph of this article, in order to be able to obtain the status of International Trade Company, they are required to fill in the application form attached to the annex and apply to the Undersecretariat of International Trade (General Manager of Exports) together with the documents mentioned in the form. The information and documents submitted shall be deemed correct until otherwise.

The companies that are not included in the decision regarding the International Trade Companies that are in effect in the year in which they are held, in case of their requests, as a result of the examination for exports involving going back 12 months as of the date of application, the International Trade Company Status can be given. Under the examination of Undersecretariat of Foreign Trade the companies determined to have the necessary conditions will be given the status of "International Trade Company".

Statement 2:

Companies that have the necessary conditions determined by the Undersecretariat of International Trade (General Manager of Exports) will be given the status of "International Trade Company" and will published in the Official Gazzete.

The status of the International Trade Company shall be valid until the publication of the decision on the International Trade Companies of the following year from the date of its publication.

At least 2 million TL of paid-in stocks
customs declaration in the previous calendar year, at least 100 million US Dollars or equivalent for exports have to been declared.