The F1 world championship has been an 11-team competition this year after HRT pulled out of the world's premier motorsport series at the end of 2012.
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But the FIA - motorsport's governing body - have made it clear they want to return to 12 teams by announcing a tender process on their website.
The FIA plans to introduce a new team in either the 2015 or 2016 seasons, and the successful applicant would win a contract until the end of the 2020 campaign.
"The overall long-term interests of the championship will determine which candidates are selected," the FIA wrote in a statement on their website.
"The precise terms of this selection process, together with the applicable selection criteria, deadlines, legal requirements and other conditions, will be communicated to candidates who have registered a formal expression of interest with the FIA's Secretariat before 5pm CET Friday 3 January 2014."