Turkey

Ease of Doing Business in

Turkey

This page shows summary Doing Business 2012 data for Turkey. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. 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 75,705,147
GNI Per Capita (US$) 9,500.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
71 73 down 2
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 61 63 up 2
Dealing with Construction Permits 155 153 up -2
Getting Electricity 72 73 up 1
Registering Property 44 39 up -5
Getting Credit 78 75 up -3
Protecting Investors 65 60 up -5
Paying Taxes 79 83 up 4
Trading Across Borders 80 79 up -1
Enforcing Contracts 51 51 No change
Resolving Insolvency 120 122 up 2

Economy Profile

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Starting a Business

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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 2012 Rank 61 DB 2011 Rank 63 Change in Rank up2
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 16 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)
11.2 8.3 4.7

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)
8.7 10.0 14.1
No. Procedure Time to Complete Associated Costs
1 Execute and notarize articles of association, signature declaration of the managers, copies of each manager’s identity card or passport and commercial books. 1 day Paper cost: YTL 108.00 Notary services: YTL 286.52 Total = YTL 394.52
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 TRY 150 (initial registration fee of Chamber of Commerce) + TRY 580 (commercial registration including first manager’s signature) + TRY 214.10 (for each additional manager) + TRY 0.25 per word for publication+ TRY 1.50 (Trade Registry Gazette fee)+ TRY 40 (fee for start-up announcement)
* 5 Have a notary certify the legal books 1 day (simultaneous with previous procedure) Journal (200 pages) TRY 51, Ledger (100 pages) TRY 38, Case book (100 pages) TRY 42.50, Inventory book (100 pages) TRY 42,50
6 Follow up with the tax office on Commercial Registry’s notification 1 day no charge
* Takes place simultaneously with another procedure.
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