An error occured. Details Hide
You have unsaved pages. Restore Cancel

Doing Business assesses country regulations applied to small- and medium-size enterprises across 10 major areas of doing business from the registration of new entity to the resolving insolvency. Thriving small- and medium-size enterprises are one of the major drivers behind the creation of new jobs and growth of national wealth. That is why governments should provide such enterprises with prosperous environment, i.e. the rules that guarantee low transactional costs of time and money as well as predictability of economic interaction between the stakeholders. Thus, low costs of starting a business alone does not necessarily mean efficient regulations since absence of minority investors protection regulations or getting credit opportunities may considerably constrict firm's financing capability and, as a result, its growth potential. On average around the world, starting a business requires 25 days, 7 procedures and costs 32% of income per capita in fees. And while it takes half a day and one procedure to register new business in New Zealand, in Suriname the same procedure requires 208 days.

Source: World Bank Doing Business 2014

Related Data Insights

Which US States are Small Business Friendly?

Small businesses in the United States are engines of the American economy, employing nearly 20 percent of Americans. So, what makes one state more small-business friendly than another? The results are in from the Thumbtack Small Business Survey—the largest continuous study of small business perceptions of government policy in the US—and may even surprise you if you associate big cities and large population centers with small business opportunity.    #1 South Dakota. Spanning geography and climate, the most friendly states were South Dakota, Tennessee, Alaska, Michigan, and Utah, all earning an overall A+. South Dakota...

The Most Attractive Markets: Understanding China's Market Potential

Corporate growth strategies typically include some combination of deepening existing market penetration and new product and market development. New market entry through acquisitions, greenfield investment, joint venture or other forms are considered generally to be the most controllable ways to drive business growth. And, many emerging markets, such as Brazil, India, Argentina, with their growing middle-classes are attractive targets for these growth strategies.   With the ever-increasing complexity underlying trade openness, regulatory, and tax systems, among other factors globally, identifying the best target markets...

Global Entrepreneurship Index 2018

Ecuador has the world's highest share of nascent entrepreneurs per capita at about 30 percent of the population. This measure is known as total early-stage entrepreneurial activity (TEA). But, does this mean that Ecuador is more entrepreneurial than the United States, which has a TEA of only 14 percent? The answer depends on how we define “entrepreneur”.  One key global economic growth driver is the ability of an entrepreneur to bring a concept to market, adding to national income, providing new goods and services, and creating jobs. In doing so, innovative entrepreneurship contributes to the foundation of a stable and...

The Panama Papers: Key Statistics

The Washington, DC-based International Consortium of Investigative Journalists (ICIJ) has released a database of the so-called Panama Papers - information leaked primarily from Mossack Fonseca, one of the world's leading global law firms providing services of incorporation of offshore entities and headquartered in Panama. The leak is the largest ever of offshore financial records and contains about 11.5 million legal and financial records dating back more than 40 years.  The files expose more than 213,000 offshore entities created in 21 jurisdictions, stripping away the secrecy from the offshore holdings of 238,000 people...