Ease of Doing Business in


This page summarizes Doing Business 2014 data for Turkey. The first table lists the overall "Ease of Doing Business" rank (out of 189 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

Region Europe & Central Asia
Income Category Upper middle income
Population 73,997,128
GNI Per Capita (US$) 10,830
City covered Istanbul
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
69 72 down 3

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
66.93 65.68 down 1.25
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.

Starting a Business


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 2014 Rank 93 DB 2013 Rank*** 73 Change in Rank down-20
DB 2014 DTF** (% points) 87.69 DB 2013 DTF** (% points) 88.25 Change in DTF** (% points) down-0.56

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Turkey 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).

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Procedures (number)
6 5 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.

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Time (days)
6.0 12.8 11.1

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.

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Cost (% of income per capita)
12.7 6.7 3.6

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.

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Paid-in Min. Capital (% of income per capita)
13.2 3.5 10.4
No. Procedure Time to Complete Associated Costs
1 Execute and notarize company documents 1 day Paper cost: TL 120 Notarization of the Articles of Association (5 copies): TL 600 Notarization of the signature declaration of the manager: TL 60 Total = TL 780
2 Deposit a percentage of capital to the account of the Competition Authority 1 day 0.04% of capital
3 Deposit at least 25% of the startup capital in a bank and Obtain proof thereof 1 day no charge
4 Apply for registration at the Trade Registry Office 2 days TL 175 (initial registration fee of Chamber of Commerce) + TL 745 (commercial registration including first manager’s signature) + TL 250 (for each additional manager) + TL 0.33 per word for publication+ TL 2 (Trade Registry Gazette fee)+ TL 55 (fee for s
* 5 Certify the legal books by a Notary Public 1 day (simultaneous with previous procedure) TL 332.40 (6 books) Yevmiye Defteri (100 sheets) : TL 58.88 Defter-i Kebir (100 sheets) : TL 58.88 Envanter Defteri (100 sheets) : TL 58.88 Ortaklar Pay Defteri (100 sheets) : TL 58.88 Karar Defteri (78 sheets): TL 48.44 Genel Kurul Toplantı Ve Müzakere D
6 Follow up with the tax office on the Commercial Registry’s company establishment 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 topics including Getting Electricity across all economies 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...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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