The Turkish government has always prioritized reforms for a qualified workforce, innovative production, sustainable growth, a sustainable environment, and international cooperation for development.
A sweeping reform process was initiated back in the early 2000s and is continuing even today.
In 2002, the average number of days for setting up a company was 38, whereas today it has been reduced to 7 in line with the reform process.
Number of Days to Set up a Company (2020)
Source: World Bank
Thanks to the extensive reforms made over the past 18 years, today Türkiye is well below the OECD average in terms of the number of restrictions imposed on foreign investors.
FDI Restrictiveness Index 2020 (1= Closed to FDI; 0= Open to FDI)
As a result of recent improvements in business regulations, Türkiye has achieved a remarkable increase in the World Bank’s Ease of Doing Business rankings – jumping to 33rd place among the 190 benchmarked countries.
Ease of Doing Business Change in Score (2020 vs. 2019)