Turkey

Ease of Doing Business in

Turkey

This page summarizes Doing Business 2015 data for Turkey. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Europe & Central Asia
Income Category Upper middle income
Population 74,932,641
GNI Per Capita (US$) 10,950
City covered Istanbul
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
55 51 down -4

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
68.66 68.39 down 0.27
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

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 2015 Rank 79 DB 2014 Rank*** 64 Change in Rank down-15
DB 2015 DTF** (% points) 86.86 DB 2014 DTF** (% points) 88.85 Change in DTF** (% points) down-1.99

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).

View methodology
Procedures (number)
7.0 5.0 4.8

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)
6.5 12.1 9.2

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)
16.4 5.3 3.4

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)
12.1 5.8 8.8
No. Procedure Time to Complete Associated Costs
1 Submit the memorandum and articles of association online at MERSIS Less than one day (online procedure) no charge
2 Execute and notarize company documents 1 day Paper cost: TL 120
Notarization of the Articles of Association (5 copies): TL 1,200
Notarization of the signature declaration of the manager: TL 51 per manager

Total = TL 1,371
3 Deposit a percentage of capital to the account of the Competition Authority 1 day 0.04% of capital
4 Deposit at least 25% of the startup capital in a bank and Obtain proof thereof 1 day no charge
5 Apply for registration at the Trade Registry Office 2 days see procedure details
* 6 Certify the legal books by a Notary Public 1 day (simultaneous with previous procedure) see procedure details
7 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 score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

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

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