Turkey

Ease of Doing Business in

Turkey

This page summarizes Doing Business 2013 data for Turkey. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 73,639,596
GNI Per Capita (US$) 10,410
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
71 68 down -3

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
64.5 63.7 down 0.8
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 72 62 up -10
Dealing with Construction Permits 142 154 up 12
Getting Electricity 68 70 up 2
Registering Property 42 44 up 2
Getting Credit 83 80 up -3
Protecting Investors 70 66 up -4
Paying Taxes 80 74 up -6
Trading Across Borders 78 73 up -5
Enforcing Contracts 40 52 up 12
Resolving Insolvency 124 126 up 2

Economy Profile

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Doing Business law library Law Library

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Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 72 DB 2012 Rank 62 Change in Rank down-10
DB 2013 DTF** (% points) 88.4 DB 2012 DTF** (% points) 88.3 Improvement in DTF** (% points) up0.1
YearNew business densityNumber of new limited liability companies
2011 0.916,142
Indicator Turkey Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
6 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
6 14 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
10.5 6.8 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
7.2 5.0 13.3
No. Procedure Time to Complete Associated Costs
1 Execute and notarize articles of association, signature declaration of the managers and commercial books. 1 day Paper cost: YTL 118.13 Notary services: YTL 296.65 Total = YTL 414.78
2 Deposit a percentage of capital to the account of Competition Authority 1 day 0.04% of capital
3 Deposit the initial capital in a bank and obtain the certificate of paid-in capital 1 day no charge
4 File the incorporation notice form, commitment letter, and Chamber registration statement at the Trade Registry Office 2 days YTL 150 (initial registration fee of Chamber of Commerce) + YTL 695 (commercial registration including first manager’s signature) + YTL 246.20 (for each additional manager) + YTL 0.30 per word for publication+ YTL 2 (Trade Registry Gazette fee)+ YTL 50 (fee for start-up announcement)
* 5 Have a notary certify the legal books 1 day (simultaneous with previous procedure) TL 206 (4 books)
6 Follow up with the tax office on Commercial Registry’s notification 1 day no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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