​​​​​​​​​​​​​​​​​​​​​​​​​​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.

Major Reforms

GRAPH 1-reform-timetable-EN.png ​​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)​
​​Source: OECD​

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)​
​​Source: World Bank​