Continuous Reform Process
The Turkish government always prioritizes reforms for a qualified workforce, innovative production, sustainable growth, sustainable environment, and international cooperation for development. Reform processes started in the early 2000s and are continuing today.
Major Reforms in Turkey
- New FDI (Foreign Direct Investment) Law
- Coordination Council for the improvement of the investment environment
- Establishment and Operating Licenses
- New Banking Law
- Tax Reform (corporate tax 25%, down from 33%)
- New Insurance Law
- Investment incentives
- Overhaul of social security system
- R&D and innovation incentives
- Upgrading investment incentives
- New Commercial Code
- New Code of Obligations
- New Capital Market Law
- Upgrading investment incentives
- Removing Restrictions on Acquisition of Real Estate by foreigners
- Unifying All Exchanges
- Istanbul Arbitration Center
- Personal Data Protection Law
- Industrial Property Law
- Production Reform Package
- New Labor Courts Code
- Law No.7099 on Amendments to certain laws for the investment environment
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