Medium-Term Program to ease bureaucracy for foreign investors

As part of its latest Medium-Term Program for 2018-2020, Turkey plans to accelerate the bureaucratic process for investors in order to improve the country's business and investment environment.

According to information compiled from the New MTP, improving the business and investment environment will be emphasized to further support growth and employment in the next three years.Moreover, improving establishment and liquidation processes, reducing transaction costs in business and investment processes, facilitating bureaucratic processes and increasing legal and financial predictability will be prioritized in the program period.

When establishing a workplace and obtaining a working license, differences between centralized administration and local administration and between metropolitan municipalities and other municipalities will be eliminated, and the number of required approvals and documents will be reduced.

The Retail Information System (PERBİS) will make necessary applications and other transactions during the opening, operation and closing of enterprises from one center.

The speed and quality of the process will be increased by transferring bureaucratic permissions, approvals and transactions for investors and businesses to the electronic environment.

source: Daily Sabah

02.10.2017