Starting a Business

This topic identifies the bureaucratic and legal hurdles an entrepreneur must overcome to incorporate and register a new firm.  It examines the procedures, time, and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income (GNI).

The table below shows the main indicators. They include:
  • all procedures required to register a firm,
  • average time spent during each procedure,
  • official cost of each procedure, and
  • the minimum capital required as a percentage of income per capita.
To see the starting a business details for a specific economy, use the dropdown box on the right or click on the links below.  Click on column headers to sort data.

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Research

The Regulation of Entry (PDF, 131KB), by Djankov and others, Quarterly Journal of Economics, Feb. 2002.
Region or EconomyProcedures (number)Duration (days)Cost (% GNI per capita)Paid in Min. Capital (% of GNI per capita)
East Asia & Pacific8.746.534.950.0
Eastern Europe & Central Asia8.826.211.145.3
Latin America & Caribbean9.868.343.613.1
Middle East & North Africa9.738.566.0487.7
OECD6.014.95.132.5
South Asia7.633.440.70.7
Sub-Saharan Africa10.856.3148.1188.8
Afghanistan4984.60.0
Albania103620.934.3
Algeria142413.245.2
Angola12119343.750.5
Antigua and Barbuda72111.80.0
Argentina14319.74.8
Armenia9184.83.1
Australia220.80.0
Austria8285.455.5
Azerbaijan13306.90.0
Bangladesh87446.20.0
Belarus10488.829.7
Belgium345.320.1
Belize94453.10.0
Benin731195.0354.2
Bhutan84810.40.0
Bolivia1550134.13.4
Bosnia and Herzegovina125430.143.0
Botswana111089.90.0
Brazil1815210.40.0
Brunei181169.00.0
Bulgaria9328.456.3
Burkina Faso61882.1415.7
Burundi1143251.00.0
Cambodia1086190.350.8
Cameroon1337129.2177.1
Canada230.90.0
Cape Verde125240.153.4
Central African Republic1014205.4531.2
Chad1975188.8398.4
Chile9278.60.0
China13358.4190.2
Colombia114219.30.0
Comoros1123188.4280.3
Congo, Dem. Rep.13155487.20.0
Congo, Rep.1037150.1206.3
Costa Rica127721.30.0
Côte d'Ivoire1040135.8219.8
Croatia84011.718.4
Czech Republic101710.634.9
Denmark460.040.7
Djibouti1137206.6530.8
Dominica51927.10.0
Dominican Republic92231.10.0
Ecuador146529.27.0
Egypt7928.612.9
El Salvador92673.1112.5
Equatorial Guinea20136105.123.2
Eritrea1384125.8488.0
Estonia572.028.1
Ethiopia71641.3960.0
Fiji84625.30.0
Finland3141.07.7
France571.10.0
Gabon958164.038.2
Gambia932279.00.0
Georgia5119.50.0
Germany9185.742.8
Ghana114241.420.9
Greece153823.3104.1
Grenada62031.70.0
Guatemala112647.324.9
Guinea1341138.3466.5
Guinea-Bissau17233255.51,006.6
Guyana84487.20.0
Haiti12202133.932.2
Honduras132159.927.4
Hong Kong, China5113.10.0
Hungary61617.765.1
Iceland552.714.1
India133374.60.0
Indonesia1210580.038.4
Iran8475.31.3
Iraq117793.565.4
Ireland4130.30.0
Israel5344.40.0
Italy91318.79.8
Jamaica688.70.0
Japan8237.50.0
Jordan101466.2795.4
Kazakhstan8217.622.9
Kenya124446.10.0
Kiribati62156.630.6
Korea101716.9296.0
Kuwait13351.699.9
Kyrgyz Republic8218.80.5
Lao PDR810316.50.0
Latvia5163.022.0
Lebanon64694.160.4
Lesotho87337.414.3
Liberia1299493.30.0
Lithuania7263.046.2
Luxembourg6262.320.5
Macedonia, FYR9156.60.0
Madagascar5722.7333.4
Malawi1037188.70.0
Malaysia92418.10.0
Maldives5913.45.8
Mali1126132.1434.6
Marshall Islands51717.70.0
Mauritania116556.2503.1
Mauritius675.30.0
Mexico82713.311.6
Micronesia716137.00.0
Moldova92311.514.6
Mongolia8204.396.3
Montenegro15246.20.0
Morocco61211.559.8
Mozambique102921.6115.8
Namibia109922.30.0
Nepal73173.90.0
Netherlands6106.052.9
New Zealand2120.10.0
Nicaragua639119.10.0
Niger1123174.8735.6
Nigeria93456.60.0
Norway6102.323.4
Oman9344.3541.8
Pakistan112414.00.0
Palau8284.712.5
Panama71922.00.0
Papua New Guinea85626.40.0
Paraguay73577.60.0
Peru107229.90.0
Philippines155232.66.9
Poland103121.2196.8
Portugal773.434.7
Puerto Rico770.80.0
Romania6144.71.5
Russia8293.73.2
Rwanda916171.50.0
Samoa93541.30.0
São Tomé and Principe1014494.50.0
Saudi Arabia71532.30.0
Senegal1058107.0255.0
Serbia11238.98.0
Seychelles9388.70.0
Sierra Leone9261,075.20.0
Singapore550.80.0
Slovakia9254.234.1
Slovenia9608.549.8
Solomon Islands75758.90.0
South Africa8317.10.0
Spain104715.113.7
Sri Lanka5398.50.0
St. Kitts and Nevis94622.90.0
St. Lucia64023.70.0
St. Vincent and the Grenadines81229.20.0
Sudan103957.90.0
Suriname13694141.81.1
Swaziland136138.70.6
Sweden3150.631.1
Switzerland6202.113.9
Syria134355.73,673.3
Taiwan, China8484.1178.4
Tajikistan134939.6311.0
Tanzania122947.10.0
Thailand8335.60.0
Timor-Leste98211.9595.2
Togo1353245.7546.4
Tonga43210.80.0
Trinidad and Tobago9430.90.0
Tunisia10118.325.3
Turkey6620.716.2
Uganda182892.00.0
Ukraine10277.8203.1
United Arab Emirates116236.9312.4
United Kingdom6130.80.0
United States660.70.0
Uruguay114446.0180.6
Uzbekistan71514.225.3
Vanuatu83954.90.0
Venezuela1614128.20.0
Vietnam115020.00.0
West Bank and Gaza1292280.463.0
Yemen1263178.82,003.2
Zambia63330.52.2
Zimbabwe109621.354.6