The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries). More informationProcedures (number) | The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments. More informationTime (days) ▲ | Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law. More informationCost (% of income per capita) | The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita. More informationPaid-in Min. Capital (% of income per capita) |
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|---|---|---|---|---|---|
| OECD high income | .. | 5 | 12 | 4.5 | 13.3 |
| Eastern Europe & Central Asia | .. | 6 | 14 | 6.8 | 5.0 |
| South Asia | .. | 7 | 19 | 21.6 | 17.8 |
| Middle East & North Africa | .. | 8 | 23 | 29.8 | 72.3 |
| Sub-Saharan Africa | .. | 8 | 34 | 67.3 | 116.0 |
| East Asia & Pacific | .. | 7 | 36 | 22.4 | 13.4 |
| Latin America & Caribbean | .. | 9 | 53 | 33.7 | 3.7 |
| New Zealand | 1 | 1 | 1 | 0.4 | 0.0 |
| Australia | 2 | 2 | 2 | 0.7 | 0.0 |
| Georgia | 7 | 2 | 2 | 3.8 | 0.0 |
| Macedonia, FYR | 5 | 2 | 2 | 1.9 | 0.0 |
| Hong Kong SAR, China | 6 | 3 | 3 | 1.9 | 0.0 |
| Rwanda | 8 | 2 | 3 | 4.3 | 0.0 |
| Singapore | 4 | 3 | 3 | 0.6 | 0.0 |
| Albania | 62 | 4 | 4 | 22.1 | 0.0 |
| Belgium | 44 | 3 | 4 | 5.2 | 18.2 |
| Belarus | 9 | 5 | 5 | 2.3 | 0.0 |
| Canada | 3 | 1 | 5 | 0.4 | 0.0 |
| Hungary | 52 | 4 | 5 | 8.9 | 9.4 |
| Iceland | 45 | 5 | 5 | 3.0 | 11.5 |
| Netherlands | 67 | 5 | 5 | 5.1 | 49.4 |
| Portugal | 31 | 5 | 5 | 2.3 | 0.0 |
| Senegal | 102 | 3 | 5 | 64.4 | 192.3 |
| Denmark | 33 | 4 | 6 | 0.2 | 24.2 |
| Italy | 84 | 6 | 6 | 16.5 | 9.7 |
| Liberia | 38 | 4 | 6 | 52.7 | 0.0 |
| Malaysia | 54 | 3 | 6 | 15.1 | 0.0 |
| Mauritius | 14 | 5 | 6 | 3.3 | 0.0 |
| Puerto Rico (U.S.) | 12 | 6 | 6 | 0.9 | 0.0 |
| Slovenia | 30 | 2 | 6 | 0.0 | 43.9 |
| Turkey | 72 | 6 | 6 | 10.5 | 7.2 |
| United States | 13 | 6 | 6 | 1.4 | 0.0 |
| Afghanistan | 28 | 4 | 7 | 22.5 | 0.0 |
| Egypt, Arab Rep. | 26 | 6 | 7 | 10.2 | 0.0 |
| Estonia | 47 | 5 | 7 | 1.6 | 22.1 |
| France | 27 | 5 | 7 | 0.9 | 0.0 |
| Jamaica | 21 | 6 | 7 | 6.7 | 0.0 |
| Korea, Rep. | 24 | 5 | 7 | 14.6 | 0.0 |
| Norway | 43 | 5 | 7 | 1.7 | 5.4 |
| Panama | 23 | 6 | 7 | 8.8 | 0.0 |
| São Tomé and Príncipe | 100 | 4 | 7 | 19.1 | 285.8 |
| Sri Lanka | 33 | 5 | 7 | 19.1 | 0.0 |
| Uruguay | 39 | 5 | 7 | 24.3 | 0.0 |
| Armenia | 11 | 3 | 8 | 2.5 | 0.0 |
| Azerbaijan | 18 | 6 | 8 | 2.3 | 0.0 |
| Burundi | 28 | 4 | 8 | 18.3 | 0.0 |
| Chile | 32 | 7 | 8 | 4.5 | 0.0 |
| Cyprus | 37 | 6 | 8 | 12.4 | 0.0 |
| Madagascar | 17 | 2 | 8 | 10.8 | 0.0 |
| Mali | 118 | 4 | 8 | 86.2 | 331.9 |
| Oman | 73 | 5 | 8 | 2.6 | 223.1 |
| United Arab Emirates | 22 | 6 | 8 | 6.0 | 0.0 |
| Bahrain | 88 | 7 | 9 | 0.7 | 229.9 |
| Croatia | 80 | 6 | 9 | 7.3 | 13.4 |
| Guinea-Bissau | 148 | 9 | 9 | 42.2 | 338.0 |
| Lebanon | 114 | 5 | 9 | 67.0 | 35.2 |
| Maldives | 63 | 5 | 9 | 6.7 | 2.2 |
| Mexico | 36 | 6 | 9 | 10.1 | 0.0 |
| Moldova | 92 | 7 | 9 | 5.7 | 8.7 |
| Qatar | 109 | 8 | 9 | 4.9 | 60.7 |
| Samoa | 20 | 4 | 9 | 9.5 | 0.0 |
| Solomon Islands | 75 | 7 | 9 | 47.9 | 0.0 |
| Ireland | 10 | 4 | 10 | 0.3 | 0.0 |
| Kyrgyz Republic | 15 | 2 | 10 | 2.8 | 0.0 |
| Montenegro | 58 | 6 | 10 | 1.6 | 0.0 |
| Romania | 68 | 6 | 10 | 2.8 | 0.8 |
| St. Vincent and the Grenadines | 64 | 7 | 10 | 17.9 | 0.0 |
| Taiwan, China | 16 | 3 | 10 | 2.4 | 0.0 |
| Cape Verde | 129 | 8 | 11 | 14.9 | 34.2 |
| Greece | 146 | 11 | 11 | 20.5 | 24.4 |
| Tunisia | 66 | 10 | 11 | 4.1 | 0.0 |
| Ghana | 112 | 7 | 12 | 18.5 | 4.3 |
| Jordan | 103 | 7 | 12 | 13.8 | 0.0 |
| Mongolia | 39 | 7 | 12 | 2.4 | 0.0 |
| Morocco | 56 | 6 | 12 | 15.5 | 0.0 |
| Serbia | 42 | 6 | 12 | 7.7 | 0.0 |
| Sierra Leone | 76 | 6 | 12 | 80.4 | 0.0 |
| Uzbekistan | 90 | 6 | 12 | 3.8 | 27.4 |
| Burkina Faso | 120 | 3 | 13 | 46.8 | 353.9 |
| Colombia | 61 | 8 | 13 | 7.3 | 0.0 |
| Dominica | 46 | 5 | 13 | 15.4 | 0.0 |
| Iran, Islamic Rep. | 87 | 7 | 13 | 3.3 | 0.5 |
| Mozambique | 96 | 9 | 13 | 19.7 | 0.0 |
| Syrian Arab Republic | 132 | 7 | 13 | 15.6 | 122.6 |
| United Kingdom | 19 | 6 | 13 | 0.7 | 0.0 |
| Finland | 49 | 3 | 14 | 1.0 | 7.0 |
| Honduras | 155 | 13 | 14 | 45.9 | 15.7 |
| Cameroon | 125 | 5 | 15 | 35.8 | 168.3 |
| Ethiopia | 163 | 9 | 15 | 135.3 | 249.1 |
| Germany | 106 | 9 | 15 | 4.9 | 0.0 |
| Grenada | 65 | 6 | 15 | 19.1 | 0.0 |
| St. Lucia | 51 | 5 | 15 | 17.8 | 0.0 |
| Latvia | 59 | 4 | 16 | 2.3 | 0.0 |
| Micronesia, Fed. Sts. | 104 | 7 | 16 | 144.2 | 0.0 |
| Slovak Republic | 83 | 6 | 16 | 1.8 | 21.3 |
| Sweden | 54 | 3 | 16 | 0.5 | 13.2 |
| Tonga | 35 | 4 | 16 | 8.3 | 0.0 |
| El Salvador | 139 | 8 | 17 | 46.7 | 2.9 |
| Marshall Islands | 48 | 5 | 17 | 13.6 | 0.0 |
| Niger | 167 | 9 | 17 | 112.8 | 572.8 |
| Zambia | 74 | 6 | 17 | 26.6 | 0.0 |
| Barbados | 70 | 8 | 18 | 7.2 | 0.0 |
| Bulgaria | 57 | 4 | 18 | 1.1 | 0.0 |
| Russian Federation | 101 | 8 | 18 | 2.0 | 1.4 |
| Switzerland | 97 | 6 | 18 | 2.1 | 26.3 |
| Bangladesh | 95 | 7 | 19 | 25.1 | 0.0 |
| Dominican Republic | 137 | 7 | 19 | 17.3 | 49.3 |
| Kazakhstan | 25 | 6 | 19 | 0.6 | 0.0 |
| Luxembourg | 93 | 6 | 19 | 1.9 | 20.9 |
| Mauritania | 160 | 9 | 19 | 47.6 | 327.9 |
| South Africa | 53 | 5 | 19 | 0.3 | 0.0 |
| St. Kitts and Nevis | 69 | 7 | 19 | 9.1 | 0.0 |
| Comoros | 168 | 9 | 20 | 150.0 | 261.9 |
| Czech Republic | 140 | 9 | 20 | 8.2 | 29.7 |
| Guyana | 89 | 8 | 20 | 13.9 | 0.0 |
| Lithuania | 107 | 7 | 20 | 1.1 | 31.3 |
| Antigua and Barbuda | 85 | 8 | 21 | 10.9 | 0.0 |
| Israel | 41 | 5 | 21 | 4.0 | 0.0 |
| Pakistan | 98 | 10 | 21 | 9.9 | 0.0 |
| Saudi Arabia | 78 | 9 | 21 | 5.0 | 0.0 |
| Central African Republic | 170 | 8 | 22 | 172.6 | 444.1 |
| Ukraine | 50 | 7 | 22 | 1.5 | 0.0 |
| Japan | 114 | 8 | 23 | 7.5 | 0.0 |
| Lesotho | 79 | 7 | 24 | 13.0 | 0.0 |
| Tajikistan | 77 | 5 | 24 | 27.1 | 0.0 |
| Algeria | 156 | 14 | 25 | 12.1 | 27.2 |
| Austria | 134 | 8 | 25 | 4.9 | 49.1 |
| Argentina | 154 | 14 | 26 | 12.3 | 5.7 |
| Benin | 153 | 5 | 26 | 126.8 | 264.5 |
| Peru | 60 | 5 | 26 | 10.6 | 0.0 |
| Tanzania | 113 | 9 | 26 | 28.2 | 0.0 |
| Gambia, The | 123 | 8 | 27 | 158.7 | 0.0 |
| India | 173 | 12 | 27 | 49.8 | 140.1 |
| Palau | 130 | 8 | 28 | 5.2 | 13.8 |
| Spain | 136 | 10 | 28 | 4.7 | 13.2 |
| Nepal | 105 | 7 | 29 | 33.0 | 0.0 |
| Thailand | 85 | 4 | 29 | 6.7 | 0.0 |
| Bahamas, The | 82 | 7 | 31 | 10.3 | 0.0 |
| Kiribati | 145 | 7 | 31 | 22.3 | 21.3 |
| Côte d'Ivoire | 176 | 10 | 32 | 130.0 | 184.6 |
| Kenya | 126 | 10 | 32 | 40.4 | 0.0 |
| Kuwait | 142 | 12 | 32 | 1.1 | 56.7 |
| Poland | 124 | 6 | 32 | 14.4 | 13.0 |
| China | 151 | 13 | 33 | 2.1 | 85.7 |
| Uganda | 144 | 15 | 33 | 76.7 | 0.0 |
| Nigeria | 119 | 8 | 34 | 60.4 | 0.0 |
| Vietnam | 108 | 10 | 34 | 8.7 | 0.0 |
| Guinea | 158 | 6 | 35 | 96.9 | 324.7 |
| Paraguay | 111 | 7 | 35 | 46.8 | 0.0 |
| Vanuatu | 116 | 8 | 35 | 47.2 | 0.0 |
| Bhutan | 94 | 8 | 36 | 6.5 | 0.0 |
| Philippines | 161 | 16 | 36 | 18.1 | 4.8 |
| Sudan | 122 | 10 | 36 | 20.0 | 0.0 |
| Bosnia and Herzegovina | 162 | 11 | 37 | 14.9 | 29.1 |
| Djibouti | 185 | 11 | 37 | 150.7 | 383.6 |
| Togo | 164 | 6 | 38 | 119.4 | 365.6 |
| Malawi | 141 | 10 | 39 | 83.7 | 0.0 |
| Nicaragua | 131 | 8 | 39 | 100.6 | 0.0 |
| Seychelles | 117 | 10 | 39 | 14.3 | 0.0 |
| Guatemala | 172 | 12 | 40 | 48.1 | 20.9 |
| Malta | 150 | 11 | 40 | 8.9 | 1.5 |
| Yemen, Rep. | 110 | 6 | 40 | 71.9 | 0.0 |
| Trinidad and Tobago | 71 | 8 | 41 | 0.7 | 0.0 |
| Belize | 158 | 9 | 44 | 51.9 | 0.0 |
| Indonesia | 166 | 9 | 47 | 22.7 | 42.0 |
| West Bank and Gaza | 179 | 11 | 48 | 91.0 | 206.7 |
| Bolivia | 174 | 15 | 50 | 74.1 | 1.9 |
| Papua New Guinea | 91 | 6 | 51 | 13.6 | 0.0 |
| Kosovo | 126 | 9 | 52 | 23.0 | 0.0 |
| Ecuador | 169 | 13 | 56 | 29.9 | 4.5 |
| Swaziland | 165 | 12 | 56 | 24.1 | 0.4 |
| Congo, Dem. Rep. | 149 | 10 | 58 | 284.7 | 0.0 |
| Fiji | 138 | 11 | 58 | 24.0 | 0.0 |
| Gabon | 157 | 9 | 58 | 14.5 | 22.3 |
| Costa Rica | 128 | 12 | 60 | 11.4 | 0.0 |
| Botswana | 99 | 10 | 61 | 1.6 | 0.0 |
| Chad | 181 | 9 | 62 | 202.0 | 289.4 |
| Namibia | 133 | 10 | 66 | 18.5 | 0.0 |
| Angola | 171 | 8 | 68 | 105.4 | 24.6 |
| Iraq | 177 | 10 | 74 | 81.1 | 25.2 |
| Eritrea | 183 | 13 | 84 | 52.3 | 203.1 |
| Cambodia | 175 | 9 | 85 | 100.5 | 28.5 |
| Zimbabwe | 143 | 9 | 90 | 107.0 | 0.0 |
| Lao PDR | 81 | 6 | 92 | 7.1 | 0.0 |
| Timor-Leste | 147 | 8 | 94 | 2.9 | 126.6 |
| Brunei Darussalam | 135 | 15 | 101 | 10.7 | 0.0 |
| Haiti | 183 | 12 | 105 | 286.6 | 21.0 |
| Brazil | 121 | 13 | 119 | 4.8 | 0.0 |
| Equatorial Guinea | 182 | 18 | 135 | 98.2 | 11.7 |
| Venezuela, RB | 152 | 17 | 144 | 27.7 | 0.0 |
| Congo, Rep. | 180 | 11 | 161 | 55.3 | 80.5 |
| Suriname | 178 | 13 | 694 | 110.9 | 0.4 |