Business Reforms for Starting a Business

Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.

Afghanistan

DB 2014:

Afghanistan made starting a business easier by reducing the time and cost to obtain a business license and by eliminating the inspection of the premises of newly registered companies.


DB 2010:

Afghanistan simplified business start-up by taking company registration out of the commercial courts and establishing a new company registry that acts as a one-stop shop (ACBR) combining company registration, tax registration, and publication in the official Gazette, while charging flat registration fees.


Albania

DB 2013:

Albania made starting a business easier by making the notarization of incorporation documents optional.


DB 2010:

Albania eased the process of business start-up by making the registration electronic and enhancing the capacity at the registry, reducing the minimum capital requirement from ALL 100 000 to ALL 100, and eliminating the requirement to register at the Chamber of Commerce.


DB 2009:

Consolidation of tax, health insurance and labor registration into a single application, making publication online and reducing registration cost.


Angola

DB 2009:

All registration formalities can be completed at once at the Guichet Unico considerably reducing the number of procedures as well as time.


Argentina

DB 2014:

Argentina made starting a business more difficult by increasing the incorporation costs.


DB 2010:

Argentina no longer requires registration at the private pension and the publication process is expedited, thus easing the process of business start-up.


Armenia

DB 2014:

Armenia made starting a business easier by eliminating the company registration fees.


DB 2012:

Armenia made starting a business easier by establishing a one-stop shop that merged the procedures for name reservation, business registration and obtaining a tax identification number and by allowing for online company registration.


DB 2010:

Armenia has eased business start up by removing minimum capital requirement and the need for obtaining an approval from the National Police Department to prepare the company seal, and making the registration forms available on-line


Australia

DB 2008:

Australia made starting a business cheaper by slashing the registration fee for new businesses.


Azerbaijan

DB 2014:

Azerbaijan made starting a business easier by introducing free online registration services and eliminating preregistration formalities.


DB 2009:

One stop shop for completing registration requirement was created reducing the number of procedures, days and cost.


DB 2008:

The requirement to obtain approval of the company seal design by the Ministry of Justice was abolished.


Bahrain

DB 2014:

Bahrain made starting a business more expensive by increasing the cost of the business registration certificate.


Bangladesh

DB 2014:

Bangladesh made starting a business easier by automating the registration process and reducing the time required to obtain a trading license and to complete the tax and value added tax registration.


DB 2011:

Bangladesh made business start-up easier by eliminating the requirement to buy adhesive stamps and further enhancing the online registration system.


DB 2010:

Bangladesh simplified the process of business start-up by launching the full-fledged on-line business name clearance and registration processes.


DB 2009:

Simplification of the registration formalities resulting in reducing the number of procedures, time and cost.


DB 2008:

Bangladesh made starting a business more cumbersome by implementing additional process to verify the stamp duty.


Belarus

DB 2014:

Belarus made starting a business easier by reducing the registration fees and eliminating the requirement for an initial capital deposit at a bank before registration.


DB 2013:

Belarus made starting a business more difficult by increasing the cost of business registration and the cost to obtain a company seal.


DB 2010:

Belarus eased the business start- up process by simplifying the registration formalities, abolishing the minimum capital requirement, limiting the notary role, and removing the need for a company seal approval.


DB 2009:

A unified registry database was created, time limit on registration time was introduced, and minimum capital was reduced resulting in substantial time reduction and minimum capital requirement’s reduction by half.


DB 2008:

Belarus implemented a one-stop shop combining company registration, the approval of the seal draft, registrations with tax, statistical and social security authorities, and the state insurance company at the State Register.


Belgium

DB 2008:

Belgium made starting a business easier by making an electronic registration and publication system available to all notaries. This system introduced a single registration number and made publication in the State Gazette automatic.


Benin

DB 2014:

Benin made starting a business easier by creating a one-stop shop.


DB 2013:

Benin made starting a business easier by appointing a representative of the commercial registry at the one-stop shop and reducing some fees.


DB 2012:

Benin made starting a business easier by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s


Bhutan

DB 2014:

Bhutan made starting a business easier by reducing the time required to obtain the security clearance certificate.


DB 2012:

Bhutan eased the process of starting a business by making its criminal records search electronic and making the rubber company stamps available on the local market.


DB 2008:

For entrepreneurs it was made easier to start limited liability trading companies by eliminating two procedures--name approval and location clearance--and increasing efficiency at the Registrar of Companies. The time to start operating a business in Thimphu decreased.


Bosnia and Herzegovina

DB 2012:

Bosnia and Herzegovina made starting a business easier by replacing the required utilization permit with a simple notification of commencement of activities and by streamlining the process for obtaining a tax identification number.


Botswana

DB 2010:

Botswana eased business start-up with more efficient tax registration and obtaining of business license.


DB 2009:

Computerization of the registry resulted in more efficiency and substantial time reduction.


Brazil

DB 2011:

Brazil eased business start-up by further enhancing the electronic synchronization between federal and state tax authorities.


DB 2010:

Brazil eased the process of starting a business by removing the requirement to obtain a fire brigade license and inspection before obtaining an operational license from the municipality


Brunei

DB 2011:

Brunei Darussalam made starting a business easier by improving efficiency at the company registrar and implementing an electronic system for name searches.


Bulgaria

DB 2013:

Bulgaria made starting a business easier by reducing the cost of registration.


DB 2011:

Bulgaria eased business start-up by reducing the minimum capital requirement from 5,000 leva ($3,250) to 2 leva ($1.30).


DB 2010:

Bulgaria eased the process of business start-up by reducing the paid-in minimum capital requirement to 23.9% of GNI pc and enhancing the efficiency at the company registry.


DB 2009:

Commercial registration centralized electronic database was created consolidating and substantially reducing the number of registration procedures, and other registration formalities were cut.


Burkina Faso

DB 2012:

Burkina Faso made starting a business easier by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration.


DB 2010:

Burkina Faso eased the process of business start-up by allowing publication to be done directly on the website of the Maison de l'entreprise (one-stop shop), reducing the registration cost and streamlining the tax registration process.


DB 2008:

Through ministerial decree, Burkina Faso simplified notification and documentation requirements, reducing the time to register a company.


Burundi

DB 2014:

Burundi made starting a business easier by allowing registration with the Ministry of Labor at the one-stop shop and by speeding up the process of obtaining the registration certificate.


DB 2013:

Burundi made starting a business easier by eliminating the requirements to have company documents notarized, to publish information on new companies in a journal and to register new companies with the Ministry of Trade and Industry.


Cabo Verde

DB 2014:

Cabo Verde made starting a business easier by abolishing the minimum capital requirement.


DB 2011:

Cabo Verde made business start-up easier by eliminating the need for a municipal inspection before a business begins operations and computerizing the system for delivering the municipal license.


DB 2010:

Cabo Verde eased the business startup process by implementing an company online registration system.


Cambodia

DB 2014:

Cambodia made starting a business more difficult by introducing a requirement for a company name check at the Department of Intellectual Property and by increasing the costs both for getting registration documents approved and stamped by the Phnom Penh Tax Department and for completing incorporation with the commercial registrar.


Cameroon

DB 2012:

Cameroon made starting a business easier by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration, and by reducing publication fees.


DB 2011:

Cameroon made starting a business easier by establishing a new one-stop shop and abolishing the requirement for verifying business premises and its corresponding fees.


DB 2010:

Cameroon has eased the business start-up process as newly formed companies are now exempt from paying the Patente for the first 2 years.


Canada

DB 2009:

Registration processes could be completed online in 1 simple procedure.


Central African Republic

DB 2012:

The Central African Republic made starting a business easier by reducing business registration fees and by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration.


DB 2010:

Central African Republic simplified business start up by establishing a one-stop shop ( Guichet Unique de formalité des Entreprises (GUFE)), which merged four procedures into one.


Chad

DB 2013:

Chad made starting a business easier by setting up a one-stop shop.


DB 2012:

Chad made starting a business easier by eliminating the requirement for a medical certificate and by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration.


Chile

DB 2014:

Chile made starting a business easier by creating a new online system for business registration.


DB 2012:

Chile made business start-up easier by starting to provide an immediate temporary operating license to new companies, eliminating the requirement for an inspection of premises by the tax authority before new companies can begin operations and allowing free online publication of the notice of a company’s creation.


DB 2011:

Chile made business start-up easier by introducing an online system for registration and for filing the request for publication.


China

DB 2013:

China made starting a business less costly by exempting micro and small companies from paying several administrative fees from January 2012 to December 2014.


Colombia

DB 2013:

Colombia made starting a business easier by eliminating the requirement to purchase and register accounting books at the time of incorporation.


DB 2012:

Colombia reduced the costs associated with starting a business, by no longer requiring upfront payment of the commercial license fee.


DB 2011:

Colombia eased the process of Starting a Business by reducing the number of days to register with the Social Security System.


DB 2010:

Colombia eased the business start-up process by establishing a new public-private health provider (Nueva EPS) that enables faster affiliation of employees, and also set up a tool to pre-enroll online with the ISS (Social Security).


DB 2009:

Online company registration was introduced and other registration formalities were simplified including the certificates and the books resulting in time, cost and number o procedures reduction.


Comoros

DB 2014:

Comoros made starting a business easier by eliminating the requirement to deposit the minimum capital in a bank before incorporation.


DB 2013:

The Comoros made starting a business easier and less costly by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration and by reducing the fees to incorporate a company.


DB 2012:

Comoros made the process of starting a business more difficult by increasing the minimum capital requirement.


Congo, Dem. Rep.

DB 2014:

The Democratic Republic of Congo made starting a business more complicated by increasing the minimum capital requirement. At the same time, it made the process easier by reducing the time and by eliminating the requirement to obtain a certificate confirming the location of the new company’s headquarters.


DB 2013:

The Democratic Republic of Congo made starting a business easier by appointing additional public notaries.


DB 2012:

The Democratic Republic of Congo made business start-up faster by reducing the time required to complete company registration and obtain a national identification number.


DB 2011:

The Democratic Republic of Congo eased business start-up by eliminating procedures, including the company seal.


Congo, Rep.

DB 2014:

The Republic of Congo made starting a business easier by reducing the registration costs and eliminating the merchant card.


DB 2013:

The Republic of Congo made starting a business easier by eliminating or reducing several administrative costs associated with incorporation.


DB 2009:

Congo, Rep. made the process of starting a business more difficult by making registering with the Centre des Formalités des Entreprises, with the Tax Authority, and with the Social Security Administration longer.


Costa Rica

DB 2014:

Costa Rica made starting a business easier by creating an online platform for business registration, reducing the time to register with social security and simplifying the legalization of company books.


DB 2013:

Costa Rica made starting a business easier by streamlining the process of obtaining a sanitary permit from the authorities for low-risk activities.


DB 2009:

Tax registration records and company books were digitalized resulting in considerable time reduction.


Côte d'Ivoire

DB 2014:

Côte d’Ivoire made starting a business easier by creating a one-stop shop, reducing the notary fees and replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of company registration.


DB 2012:

Côte d’Ivoire made starting a business easier by reorganizing the court clerk’s office where entrepreneurs file their company documents.


DB 2008:

Côte d'Ivoire eased the process of starting a business by abolishing the requirement of notifiying the labor ministry.


Croatia

DB 2014:

Croatia made starting a business easier by introducing a new form of limited liability company with a lower minimum capital requirement and simplified incorporation procedures.


DB 2011:

Croatia eased business start-up by allowing limited liability companies to file their registration application with the court registries electronically through the notary public.


DB 2008:

Croatia made starting a business easier by enhancing the services through better implementation of the one-stop shop.


Czech Republic

DB 2009:

A Project Czech Point where multiple registration-related documents could be obtained at one place was created reducing the number of procedures and days.


DB 2008:

With the full implementation of the company registration reform, the time to register a new business decreased.


Denmark

DB 2011:

Denmark eased business start-up by reducing the minimum capital requirement for limited liability companies from 125,000 Danish kroner ($22,850) to 80,000 Danish kroner ($14,620).


Djibouti

DB 2014:

Djibouti made starting a business easier by simplifying registration formalities and eliminating the minimum capital requirement for limited liability companies.


Dominican Republic

DB 2012:

The Dominican Republic made starting a business easier by eliminating the requirement for a proof of deposit of capital when establishing a new company.


DB 2011:

The Dominican Republic made it more difficult to start a business by setting a minimum capital requirement of 100,000 Dominican pesos ($2,855) for its new type of company, sociedad de responsabilidad limitada (limited liability company).


DB 2009:

A virtual facility was established were registration formalities could be completed online, and tax cost was reduced substantially.


DB 2008:

The Dominican Republic shortened the time to register a company by simplifying the name registration process and introducing online tax registration.


Ecuador

DB 2011:

Ecuador made starting a business easier by introducing an online registration system for social security.


Egypt

DB 2011:

Egypt reduced the cost to start a business.


DB 2010:

Egypt has eased the business start- up process by abolishing the minimum capital requirement.


DB 2009:

Paid in minimum capital was reduced by 20%, and cost was reduced as a result of bar association fees’ abolishment and time was cut due to tax registration automation.


DB 2008:

The minimum capital required to start a business was cut from EGP 50,000 to EGP 1,000, and halved start-up time and cost.


El Salvador

DB 2009:

A new commercial code reduced the minimum capital requirement, simplified the legalization of accounting books and eased publication requirements


Eritrea

DB 2008:

Eritrea made the process of starting a business more difficult by taking more time to process different procedures of establishing a new business.


Estonia

DB 2008:

The commercial code was amended to introduce standard articles of association. If entrepreneurs use the model forms, company registration-done electronically and without notary involvement-can be completed in 1 day. A new, fixed fee schedule lowered registration costs.


Ethiopia

DB 2010:

Ethiopia reforms at the registry and streamlining of procedures improved the registration process easing the process of new business start-up.


Fiji

DB 2013:

Fiji made starting a business more difficult by requiring new companies applying for a business license to obtain a certificate from the national fire authority and a letter of compliance from the Ministry of Labor.


DB 2012:

Fiji made starting a business more difficult by adding a requirement to obtain a tax identification number when registering a new company.


Finland

DB 2008:

The new Finnish Companies Act reduced the minimum share capital from € 8.000 to €2.500, or from 27% of GNIpc to about 8%. The reform also simplified documentation requirements, replacing the deed of incorporation and the minutes of the constitutive meeting by a new, simplified agreement of association.


Gabon

DB 2014:

Gabon made starting a business easier by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration.


Georgia

DB 2012:

Georgia simplified business start-up by eliminating the requirement to visit a bank to pay the registration fees.


DB 2009:

Amendments to the Law on Entrepreneurs eliminated the requirement for minimum capital, abolished the company seal and the company charter and made the use of notaries optional


DB 2008:

Pursuant to amendments to the Georgian law on entrepreneurs, tax authorities are now responsible for state and tax registration. In addition, the paid-in capital requirement was abolished.


Germany

DB 2011:

Germany eased business start-up by increasing the efficiency of communications between the notary and the commercial registry and eliminating the need to publish an announcement in a newspaper.


DB 2010:

Germany eased the business start up process by reducing the minimum capital requirement to a symbolic value.


DB 2008:

Germany made starting a business simpler by implementing an electronic registration and online publication instead of in the official gazette.


Ghana

DB 2014:

Ghana made starting a business more difficult by requiring entrepreneurs to obtain a tax identification number prior to company incorporation.


DB 2012:

Ghana increased the cost to start a business by 70%.


DB 2010:

Ghana simplified business start- up process by further streamlining the registration procedures with the creation of a customer services desk at the one stop shop.


DB 2009:

The requirement to register employment vacancies and the seal requirement were abolished reducing the number of procedures.


DB 2008:

The ongoing computerization at the company registry and improved operations at the Environmental Protection Agency reduced business registration time.


Greece

DB 2014:

Greece made starting a business easier by introducing a simpler form of limited liability company and abolishing the minimum capital requirement for such companies.


DB 2012:

Greece made starting a business easier by implementing an electronic platform that interconnects several government agencies.


DB 2009:

The minimum capital requirement was reduced by about 80%, the cost of capital tax was reduced and the publication requirement time was reduced substantially.


Grenada

DB 2011:

Grenada eased business start-up by transferring responsibility for the commercial registry from the courts to the civil administration.


Guatemala

DB 2014:

Guatemala made starting a business easier by creating an online platform that allows simultaneous registration of a new company with different government agencies.


DB 2008:

With the full implementation of the one stop shop, procedures and time for new company registration were reduced.


Guinea

DB 2014:

Guinea made starting a business easier by enabling the one-stop shop to publish incorporation notices and by reducing the notary fees.


DB 2013:

Guinea made starting a business easier by setting up a one-stop shop for company incorporation and by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration


Guinea-Bissau

DB 2012:

Guinea-Bissau made starting a business easier by establishing a one-stop shop, eliminating the requirement for an operating license and simplifying the method for providing criminal records and publishing the registration notice.


DB 2010:

Guinea-Bissau simplified the business start- up process through the electronization of the company name search, the introduction of some computers and flash drives, and the reduction of the registration fees.


Guyana

DB 2012:

Guyana eased the process of starting a business by reducing the time needed for registering a new company and for obtaining a tax identification number.


DB 2011:

Guyana eased business start-up by digitizing company records, which speeded up the process of company name search and reservation.


DB 2010:

Guyana eased the process of starting a business by applying a flat registration fee for all companies, regardless of their capital amount. It also removed the duty payable upon incorporation, and streamlined the registration with the tax authorities with the introduction of a unique Tax Identification Number (TIN) system.


Haiti

DB 2011:

Haiti eased business start-up by eliminating the review by the president’s or the prime minister’s office of the incorporation act submitted for publication.


Honduras

DB 2010:

Honduras simplified business start up by improving the efficiency of the registration process at the one stop shop, improving the registration for tax process and eliminating the need for lawyer services in order to obtain a municipal license.


DB 2008:

Honduras made starting a business faster by simplifying the municipal licensing procedures.


Hong Kong, China

DB 2014:

Hong Kong SAR, China, made starting a business less costly by abolishing the capital duty levied on local companies.


DB 2012:

Hong Kong SAR (China) made starting a business easier by introducing online electronic services for company and business registration.


DB 2010:

Hong Kong has eased the business start up process through the simplification of registration formalities and merger of procedures.


Hungary

DB 2013:

Hungary made starting a business more complex by increasing the registration fees for limited liability companies and adding a new tax registration at the time of incorporation.


DB 2010:

Hungary further simplified the start up process by implementing on-line registration with confirmation of registration requiring one hour from application.


DB 2009:

The new laws reduced the minimum capital requirements by about 80% and introduced online filing and publication and made the use of notaries optional.


DB 2008:

A new Company Act and a new Corporate Procedure Act introduced standardized forms, a "silent-is-consent" rule, and electronic registration.


India

DB 2011:

India eased business start-up by establishing an online VAT registration system and replacing the physical stamp previously required with an online version.


Indonesia

DB 2012:

Indonesia made starting a business easier by introducing a simplified application process allowing an applicant to simultaneously obtain both a general trading license and a business registration certificate.


DB 2011:

Indonesia eased business start-up by reducing the cost for company name clearance and reservation and the time required to reserve the name and approve the deed of incorporation.


DB 2010:

Indonesia eased incorporation and post incorporation processes for new business registration through use of on-line service, deletion of certain licenses, increasing efficiency at the registry and cutting the company deeds legalization, publication, registration and business license fees.


DB 2009:

The minimum capital was increased by more than double.


DB 2008:

Indonesia made starting a business more complex by increasing the minimum paid in capital


Iran

DB 2013:

The Islamic Republic of Iran made starting a business more difficult by requiring company founders to obtain a criminal record clearance to register a new company.


DB 2011:

The Islamic Republic of Iran eased business start-up by installing a web portal allowing entrepreneurs to search for and reserve a unique company name.


DB 2010:

Iran simplified business start- up with an electronic registration system.


Iraq

DB 2012:

In Iraq starting a business became more expensive because of an increase in the cost to obtain a name reservation certificate and in the cost for lawyers to draft articles of association.


Ireland

DB 2013:

Ireland made starting a business easier by introducing a new online facility for business registration.


Israel

DB 2014:

Israel made starting a business easier by reducing the time required for registration at the Income Tax Department and the National Insurance Institute.


Italy

DB 2011:

Italy made starting a business easier by enhancing an online registration system.


DB 2009:

Procedures to start a business can by carried out through a single notice reducing tremendously the number of procedures.


Jamaica

DB 2014:

Jamaica made starting a business easier by enabling the Companies Office of Jamaica to stamp the new company’s articles of incorporation at registration.


Jordan

DB 2012:

Jordan made starting a business easier by reducing the minimum capital requirement from 1,000 Jordanian dinars to 1 dinar, of which only half must be deposited before company registration.


DB 2010:

Jordan eased the process of business start up by offering a single reception service for company registration at the company registrar.


DB 2009:

The minimum paid in capital was reduced by more than 96%.


DB 2008:

Operations within the one-stop shop at the Company Registry were enhanced and a representative of the municipality of Amman was made present at the Company Registry, reducing the number of procedures and the time to start a business.


Kazakhstan

DB 2014:

Kazakhstan made starting a business easier by reducing the time required to register a company at the Public Registration Center.


DB 2013:

Kazakhstan made starting a business easier by eliminating the requirement to pay in minimum capital within 3 months after incorporation.


DB 2011:

Kazakhstan eased business start-up by reducing the minimum capital requirement to 100 tenge ($0.70) and eliminating the need to have the memorandum of association and company charter notarized.


DB 2010:

Kazakhstan simplified the business start up process by simplifying documentation requirements and abolishing the requirement to register at the local tax office.


Kenya

DB 2011:

Kenya eased business start-up by reducing the time it takes to get the memorandum and articles of association stamped, merging the tax and value added tax registration procedures and digitizing records at the registrar.


DB 2009:

Improvement at the registry and better communication between relevant agencies resulted in substantial time reduction.


DB 2008:

An ambitious licensing reform program was launched which has led to the elimination of 110 business licenses and the simplification of eight, reducing the time and cost of obtaining building licenses and registering a company.


Korea

DB 2012:

Korea made starting a business easier by introducing a new online one-stop shop, Start-Biz.


DB 2010:

Korea simplified the business start-up process by removing the minimum capital requirement, removing the notary role, cutting taxes, putting time limits on VAT registration and making registration payment on-line.


Kosovo

DB 2014:

Kosovo made starting a business easier by creating a one-stop shop for incorporation.


DB 2013:

Kosovo made starting a business easier by eliminating the minimum capital requirement and business registration fee and streamlining the business registration process.


DB 2011:

Kosovo made business start-up more difficult by replacing the tax number previously required with a “fiscal number,” which takes longer to issue and requires the tax administration to first inspect the business premises.


Kuwait

DB 2014:

Kuwait made starting a business more difficult by increasing the minimum capital requirement.


Kyrgyz Republic

DB 2011:

The Kyrgyz Republic eased business start-up by eliminating the requirement to have the signatures of company founders notarized.


DB 2010:

The Kyrgyz Republic eased the business start-up process by eliminating the minimum capital requirement, reducing the registration time and abolishing various post-registration fees, as well as the need to open a bank account before registration.


DB 2009:

One stop shop was created that streamlined and simplified business registration processes and other formalities were eliminated such as proof of residence reducing the number of procedures tremendously.


Lao PDR

DB 2013:

Lao PDR made starting a business easier by allowing entrepreneurs to apply for tax registration at the time of incorporation.


DB 2008:

Lao eased the process of starting a business by making obtaining an operating license faster and removing the requirement of obtaining an approval from the ministry for registering a new company.


Latvia

DB 2014:

Latvia made starting a business easier by making it possible to file the applications for company registration and value added tax registration simultaneously at the commercial registry.


DB 2012:

Latvia made starting a business easier by reducing the minimum capital requirement and introducing a common application for value added tax and company registration.


Lebanon

DB 2011:

Lebanon increased the cost of starting a business.


DB 2010:

Lebanon simplified business start up process through the simplification of the formalities to stamp company books


DB 2009:

Streamlining of the business registration process resulted in tremendous time reduction.


Lesotho

DB 2013:

Lesotho made starting a business easier by creating a one-stop shop for company incorporation and by eliminating the requirements for paid-in minimum capital and for notarization of the articles of association.


DB 2009:

One stop shop reforms consolidated and simplified business registration processes and greater efficiency at registry resulted in license reforms substantially reducing the number of days.


Liberia

DB 2014:

Liberia made starting a business easier by eliminating the business trade license fees and reducing the time to obtain the business registration certificate.


DB 2012:

Liberia made starting a business easier by introducing a one-stop shop.


DB 2010:

Liberia eased the start up process by removing the need to obtain and environmental impact assessment when forming a general trading company.


DB 2009:

Simplification of the registration processes, time- limit reforms, business licenses reforms resulted in tremendous time and number of procedures’’ reduction


Lithuania

DB 2014:

Lithuania made starting a business easier by creating a new form of limited liability company with no minimum capital requirement.


DB 2013:

Lithuania made starting a business easier by introducing online registration for limited liability companies and eliminating the notarization requirement for incorporation documents.


DB 2011:

Lithuania tightened the time limit for completing the registration of a company.


Luxembourg

DB 2011:

Luxembourg eased business start-up by speeding up the delivery of the business license.


DB 2010:

Luxembourg eased business start-up process by making it possible to reserve a company name online and abolishing capital duties.


Macedonia, FYR

DB 2013:

FYR Macedonia made starting a business easier by simplifying the process for obtaining a company seal.


DB 2011:

FYR Macedonia made it easier to start a business by further improving its one-stop shop.


DB 2010:

Macedonia simplified business start up by integrating procedures at a one stop shop


DB 2009:

The one-stop shop system was updated to carry out full range of business start-up processes reducing the number of procedures and days.


DB 2008:

The country eliminated the paid-in minimum capital requirement and is working on online registration system for business start-up.


Madagascar

DB 2014:

Madagascar made starting a business more difficult by increasing the cost to register with the National Center for Statistics.


DB 2013:

Madagascar made starting a business easier by allowing the one-stop shop to deal with the publication of the notice of incorporation.


DB 2012:

Madagascar eased the process of starting a business by eliminating the minimum capital requirement, but also made it more difficult by introducing the requirement of obtaining a tax identification number.


DB 2010:

Madagascar simplified business start-up through the streamlining of procedures at the one stop shop, elimination of stamp duty and elimination of the minimum capital requirement.


DB 2009:

Professional tax was abolished reducing the cost and online publication cut time.


DB 2008:

Business registration was reduced to just eight days, streamlining operations at the one stop shop (GUIDE).


Malaysia

DB 2014:

Malaysia made starting a business less costly by reducing the company registration fees.


DB 2012:

Malaysia made starting a business easier by merging company, tax, social security and employment fund registrations at the one-stop shop and providing same-day registration.


DB 2011:

Malaysia eased business start-up by introducing more online services.


DB 2010:

Malaysia eased business start up with a new one stop shop service that helped in streamlining the registration process


DB 2009:

Companies act amendments simplified business registration processes through the introduction of e- lodgment resulting in time reduction.


DB 2008:

Malaysia sped up the process of starting a business by implementing internal reforms at the CCM.


Mali

DB 2014:

Mali made starting a business more difficult by ceasing to regularly publish the incorporation notices of new companies on the official website of the one-stop shop.


DB 2012:

Mali made starting a business easier by adding to the services provided by the one-stop shop.


DB 2010:

Mali simplified the business start-up process by creating a new one stop shop making it possible to register a company with the registrar and tax agency, apply for online publication and obtain a national identification number (NINA).


DB 2008:

The business startup process was reformed -- a single company identification number reduced the registration time.


Mauritania

DB 2009:

Simplification of the registration process requirement has resulted in tremendous time, cost and number of procedures reduction.


DB 2008:

Mauritania made starting a business cheaper by reducing the registration fees.


Mauritius

DB 2009:

On-line reforms further simplified registration process and formalities were streamlined reducing the number of procedures.


DB 2008:

Mauritius made starting a business faster by implementing a centralized database linking the company registry with tax, social security, and local authorities.


Mexico

DB 2013:

Mexico made starting a business easier by eliminating the minimum capital requirement for limited liability companies.


DB 2011:

Mexico launched an online one-stop shop for initiating business registration.


DB 2010:

Mexico eased the business start-up process by establishing an electronic platform for company registration, reducing the number of days for registration substantially, and by removing the requirement to register with the statistical office.


Moldova

DB 2012:

Moldova made starting a business easier by implementing a one-stop shop.


DB 2010:

Moldova eased the business start up process by implementing an expedited company registration service and made the process of authentication of specimens of signatures when opening a corporate bank account optional.


DB 2009:

New laws on LLC and registration simplified the business registration requirement resulting in time reduction by half.


DB 2008:

Moldova made starting a business simpler by eliminating the requirement to obtain permission from the State Inspectorate of Labor before starting a business. The State Registration Chamber has started to receive on-line applications on (www.mdi.gov.md) for reservation of enterprises names and issue of Extracts from the State Register.


Mongolia

DB 2014:

Mongolia made starting a business easier by eliminating the requirement to get company statutes and charters notarized as well as the requirement to register a new company with the local tax office.


DB 2013:

Mongolia made starting a business easier by eliminating the minimum capital requirement for limited liability companies.


Montenegro

DB 2012:

Montenegro made starting a business easier by implementing a one-stop shop.


DB 2011:

Montenegro eliminated several procedures for business start-up by introducing a single registration form for submission to the tax administration.


DB 2010:

Montenegro eased business start up by simplifying the post-registration process including the registration for taxes, social security and employment, as well as the process to obtain the municipal license.


Morocco

DB 2014:

Morocco made starting a business easier by reducing the company registration fees.


DB 2013:

Morocco made starting a business easier by eliminating the minimum capital requirement for limited liability companies.


Mozambique

DB 2011:

Mozambique eased business start-up by introducing a simplified licensing process.


DB 2010:

Mozambique simplified business start up by eliminating the requirements of he minimum capital and bank deposit requirements .


DB 2008:

Mozambique made starting a business faster by implementing electronic publication of the company start-up and eliminating the provisional registration. In addition, Mozambique made the use of notaries optional and computerized its registry and introduced flat registration fees.


Namibia

DB 2009:

The computerization of the registry reduced the registration time tremendously.


Nepal

DB 2014:

Nepal made starting a business easier by reducing the administrative processing time at the company registrar and by establishing a data link between agencies involved in the incorporation process.


Netherlands

DB 2014:

The Netherlands made starting a business easier by abolishing the minimum capital requirement.


DB 2013:

The Netherlands made starting a business easier by eliminating the requirement for a declaration of nonobjection by the Ministry of Justice before incorporation.


New Zealand

DB 2009:

Business start up process ca be completed in one simple online registration in less than a day.


Nicaragua

DB 2014:

Nicaragua made starting a business easier by merging the procedures for registering with the revenue authority and with the municipality and by reducing the time required for incorporation.


Niger

DB 2014:

Niger made starting a business easier by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of company registration.


DB 2010:

Niger simplified the process to start a business by eliminating the procedures to register with the Centre Nationale des Utilisateurs du Transports (CNUT) and with the Chamber of Commerce.


DB 2008:

Niger made starting a business cheaper by eliminating the fees paid at the Chamber of Commerce at the time of business start-up.


Nigeria

DB 2008:

An electronic company name search was introduced, which made the company registry more efficient.


Norway

DB 2013:

Norway made starting a business easier by reducing the minimum capital requirement for private joint stock companies.


DB 2008:

Norway made the process of starting a business more difficult by introducing the requirement of arranging for mandatory occupational pension plan for employees.


Oman

DB 2012:

The one-stop shop in Oman introduced online company registration and sped up the process to register a business from 7 days to 3 days.


DB 2010:

Oman simplified business start up with the introduction of online name registration and payment at the registry with a prepaid card


DB 2009:

The operationalization of the one-stop shop and the simplification of licensing procedures has resulted in reduing the number of procedures and days significantly.


Pakistan

DB 2010:

Pakistan simplified business start up by introducing an e-service registration system, allowing online registration for sales tax, and removing the requirement to make declaration of compliance on a stamped paper.


Panama

DB 2014:

Panama made starting a business easier by eliminating the need to visit the municipality to obtain the municipal taxpayer number.


DB 2012:

Panama extended the operating hours of the public registry, reducing the time required to register a new company.


DB 2011:

Panama eased business start-up by increasing efficiency at the registrar.


DB 2009:

The introduction of the on-line system for company creation reduced the time to obtain business license tremendously.


Paraguay

DB 2008:

Paraguay made starting a business faster by creating a one-stop shop and linking multiple agencies to the one-stop shop.


Peru

DB 2012:

Peru made starting a business easier by eliminating the requirement for micro and small enterprises to deposit start-up capital in a bank before registration.


DB 2011:

Peru eased business start-up by simplifying the requirements for operating licenses and creating an online one-stop shop for business registration.


DB 2010:

Peru simplified business start up by allowing submission of electronic payroll books online at no cost and making the company forms available on line.


Philippines

DB 2011:

The Philippines eased business startup by setting up a one-stop shop at the municipal level.


DB 2008:

Philippines made the process of starting a business more difficult by increasing the paid in minimum capital requirement.


Poland

DB 2014:

Poland made starting a business easier by eliminating the requirement to register the new company at the National Labor Inspectorate and the National Sanitary Inspectorate.


DB 2010:

Poland simplified business start up by reducing the required amount of minimum capital from PLN 50,000 to 5,000, and the National Court Register now consolidates the applications for registration, Tax, Social Security, and Statistics


Portugal

DB 2014:

Portugal made starting a business easier by eliminating the requirement to report to the Ministry of Labor.


DB 2012:

Portugal made starting a business easier by allowing company founders to choose the amount of minimum capital and make their paid-in capital contribution up to 1 year after the company’s creation, and by eliminating the stamp tax on company’s share capital subscriptions.


DB 2008:

Portugal made starting a business simpler by eliminating outdated start-up formalities and simplifying requirements for company registration and implementing an online incorporation system for use by lawyers.


Puerto Rico

DB 2012:

Puerto Rico (territory of the United States) made starting a business easier by merging the name search and company registration procedures.


Qatar

DB 2012:

Qatar made starting a business easier by combining commercial registration and registration with the Chamber of Commerce and Industry at the one-stop shop.


DB 2011:

Qatar made starting a business more difficult by adding a procedure to register for taxes and obtain a company seal.


Romania

DB 2014:

Romania made starting a business easier by transferring responsibility for issuing the headquarters clearance certificate from the Fiscal Administration Office to the Trade Registry.


DB 2013:

Romania made starting a business easier by reducing the time required to obtain a clearance certificate from the fiscal administration agency.


DB 2012:

Romania made starting a business more difficult by requiring a tax clearance certificate for a new company’s headquarters before company registration.


DB 2008:

Romania made starting a business more cumbersome by implementing several laws resulting in more steps and more time for business start-up.


Russia

DB 2014:

Russia made starting a business easier by abolishing the requirement to have the bank signature card notarized before opening a company bank account.


Rwanda

DB 2014:

Rwanda made starting a business easier by reducing the time required to obtain a registration certificate.


DB 2012:

Rwanda made starting a business easier by reducing the business registration fees.


DB 2010:

Rwanda simplified the start-up process by eliminating the notarization requirement, introduction of standardized memoranda of association, making publication on-line, consolidation of name-checking, registration fee payment, tax registration and company registration procedures, and reducing the time required to process completed applications.


Samoa

DB 2010:

Samoa eased the starting a business process by passing a new company act that removed the minimum capital requirement, and simplified various other procedures.


São Tomé and Principe

DB 2012:

São Tomé and Príncipe made starting a business easier by establishing a one-stop shop, eliminating the requirement for an operating license for general commercial companies and simplifying publication requirements.


DB 2011:

São Tomé and Principe made starting a business more difficult by introducing a minimum capital requirement for limited liability companies.


Saudi Arabia

DB 2012:

Saudi Arabia made starting a business easier by bringing together representatives from the Department of Zakat and Income Tax and the General Organization of Social Insurance at the Unified Center to register new companies with their agencies.


DB 2010:

Saudi Arabia eased business start up with the introduction of a new one-stop Unified Office at the Ministry of Commerce that merged registration procedures and simplified the publication requirements.


DB 2009:

Simplification of the start-up processes by eliminating non-added value formalities and thus reducing registration fees and number of days.


DB 2008:

The minimum capital requirement of 1057% income per capita was eliminated and company registration was sped up.


Senegal

DB 2012:

Senegal made starting a business easier by replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration.


DB 2009:

The one-stop shop became fully operational merging several start-up procedures into 1 and reducing the start- up time substantially.


Serbia

DB 2013:

Serbia made starting a business easier by eliminating the paid-in minimum capital requirement.


DB 2010:

Serbia eased the business start up process by putting in place a one stop- shop for company registration.


Sierra Leone

DB 2010:

Sierra Leone eased business start up processes with the establishment of a one-stop shop for business registration.


DB 2009:

The use of lawyer was made optional and other registration formalities were abolished including the payment of taxes upfront and the exchange control permission for registration cutting the number of procedures, time and cost.


Singapore

DB 2010:

Singapore further simplified business start up by making it possible to incorporate the company and register for taxes simultaneously and seamlessly using the same online form.


DB 2009:

Online start-up process simplification reduced the number of procedures and days.


Slovakia

DB 2014:

The Slovak Republic made starting a business more difficult by adding a new procedure for establishing a limited liability company.


DB 2013:

The Slovak Republic made starting a business easier by speeding up the processing of applications at the one-stop shop for trading licenses, income tax registration and health insurance registration.


DB 2009:

The one-stop shop merged 4 procedures into 1 and reduced costs.


Slovenia

DB 2011:

Slovenia made starting a business easier through improvements to its one-stop shop that allowed more online services.


DB 2010:

Slovenia eased business start up by reducing the time for company registration, allowing for simultaneous tax registration during company registration through the e-Vem system, and abolishing the use of company seal.


DB 2009:

The single access point reforms reduced the number of procedures and day substantially.


Solomon Islands

DB 2012:

The Solomon Islands made starting a business easier by implementing an online registration process.


South Africa

DB 2012:

South Africa made starting a business easier by implementing its new company law, which eliminated the requirement to reserve a company name and simplified the incorporation documents.


DB 2009:

Amendments of the corporate law have simplified the start-up process including abolishing the need to have a lawyer, reducing cost and time.


Spain

DB 2014:

Spain made starting a business easier by eliminating the requirement to obtain a municipal license before starting operations and by improving the efficiency of the commercial registry.


DB 2012:

Spain eased the process of starting a business by reducing the cost to start a business and decreasing the minimum capital requirement.


Sri Lanka

DB 2013:

Sri Lanka made starting a business easier by computerizing and expediting the process of obtaining a registration number for the Employees Provident Fund and Employees Trust Fund.


DB 2009:

Sri Lanka adopted a new Companies Act simplifying business start-up.


DB 2008:

Sri Lanka adopted a new companies act thus eliminating burdensome approvals and introducing a flat registration fee. Company seals and notaries were made optional.


St. Lucia

DB 2010:

St. Lucia eased up the business start- up process by making it possible to reserve/ check availability of company name on-line.


St. Vincent and the Grenadines

DB 2010:

St Vincent eased business start up process by abolishing the requirement to have a company rubber seal.


Suriname

DB 2014:

Suriname made starting a business easier by reducing the time required to obtain the president’s approval for the registration of a new company.


Swaziland

DB 2014:

Swaziland made starting a business easier by shortening the administrative processing times for registering a new business and obtaining a trading license.


Sweden

DB 2011:

Sweden cut the minimum capital requirement for limited liability companies by half, making it easier to start a business.


Switzerland

DB 2009:

The paid-in minimum capital was doubled.


Syria

DB 2012:

Syria eased the starting a business process by reducing the minimum capital requirement from SYP 1 million to SYP 400,000 and by reducing the cost of publication from SYP 25,000 to SYP 4,000.


DB 2011:

Syria eased business start-up by reducing the minimum capital requirement for limited liability companies by two-thirds. It also decentralized approval of the company memorandum.


DB 2010:

Syria eased business start up by reducing the minimum paid in capital requirement, and allowing access to online standardized incorporation forms.


DB 2009:

New commercial and commercial code simplified the registration process, abolished the court and lawyers involvement in the registration process, and reforms at the tax directorate further simplified tax registration reducing number of procedures and time significantly.


DB 2008:

The Syrian Arab Republic enforced the requirement for Limited Liability Companies and Joint Stock Companies to publish their memorandum of association in the official gazette and showing proof of payment.


Taiwan, China

DB 2012:

Taiwan (China) made starting a business easier by implementing an online one-stop shop for business registration.


DB 2011:

Taiwan (China) eased business start-up by reducing the time required to check company names, register retirement plans and apply for health, pension and labor insurance.


DB 2010:

Taiwan eased business start up process by abolishing the minimum capital requirement, and introducing time limits.


Tajikistan

DB 2014:

Tajikistan made starting a business more difficult by requiring preliminary approval from the tax authority and the submission of additional documents at registration.


DB 2012:

Tajikistan made starting a business easier by allowing entrepreneurs to pay in their capital up to 1 year after the start of operations, thereby eliminating the requirements related to opening a bank account.


DB 2011:

Tajikistan made starting a business easier by creating a one-stop shop that consolidates registration with the state and the tax authority.


DB 2010:

Tajikistan eased the business start up process by reducing the minimum capital requirement and speeding up the time to obtain a tax identification number


DB 2008:

The license regime was simplified, reducing the number of business activities subject to government approval.


Tanzania

DB 2013:

Tanzania made starting a business easier by eliminating the requirement for inspections by health, town and land officers as a prerequisite for a business license.


DB 2008:

Tanzania made starting a business easier by decentralizing business registration by creating a business activities registration system and business registration centers in all the local authorities. The company seal became optional.


Thailand

DB 2013:

Thailand made starting a business easier by allowing the registrar at the Department of Business Development to receive the company’s work regulations.


DB 2012:

Thailand made starting a business easier by introducing a one-stop shop.


DB 2010:

Thailand eased business start up process by merging the registration of memorandum and the application for registration of establishment of company 


Timor-Leste

DB 2012:

Timor-Leste made starting a business faster by improving the registration process.


DB 2008:

Approvals by the Ministry of Land were eliminated, removing one procedure and reducing the number of days required to start a company.


Togo

DB 2014:

Togo made starting a business easier by reducing the time required to register at the one-stop shop and by reducing registration costs.


DB 2013:

Togo made starting a business easier and less costly by reducing incorporation fees, improving the work flow at the one-stop shop for company registration and replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration.


DB 2010:

Togo eased business start-up by setting up a one-stop shop (CFE) eliminating 6 procedures and reducing cost by a third


Tonga

DB 2012:

Tonga made starting a business easier by implementing an electronic system at the registry, which reduced the time required for verification of the uniqueness of the company name and for registration of the company. The costs for the name search, company registration and business license increased, however.


DB 2009:

New license regulations reforms have reduced time and cost.


Trinidad and Tobago

DB 2014:

Trinidad and Tobago made starting a business easier by merging the statutory declaration of compliance into the standard articles of incorporation form.


Tunisia

DB 2014:

Tunisia made starting a business more difficult by increasing the cost of company registration.


DB 2009:

Paid in- minimum capital was abolished.


Turkey

DB 2014:

Turkey made starting a business more difficult by increasing the minimum capital requirement.


DB 2012:

Turkey made starting a business less costly by eliminating notarization fees for the articles of association and other documents.


Uganda

DB 2012:

Uganda introduced changes that added time to the process of obtaining a business license, slowing business start-up. But it simplified registration for a tax identification number and for value added tax by introducing an online system.


DB 2011:

Uganda made it more difficult to start a business by increasing the trade licensing fees.


Ukraine

DB 2014:

Ukraine made starting a business easier by eliminating the requirement for registration with the statistics authority and by eliminating the cost for value added tax registration.


DB 2013:

Ukraine made starting a business easier by eliminating the minimum capital requirement for company incorporation as well as the requirement to have incorporation documents notarized.


DB 2012:

Ukraine made starting a business easier by eliminating the requirement to obtain approval for a new corporate seal.


DB 2011:

Ukraine eased business start-up by substantially reducing the minimum capital requirement.


United Arab Emirates

DB 2013:

The United Arab Emirates made starting a business easier by eliminating the requirement for a company to prepare a name board in English and Arabic after having received clearance on the use of office premises.


DB 2012:

The United Arab Emirates made starting a business easier by merging the requirements to file company documents with the Department for Economic Development, to obtain a trade license and to register with the Dubai Chamber of Commerce and Industry.


DB 2010:

The UAE eased the process of business start-up by abolishing the minimum capital requirement and removing the requirement to show proof of deposit of capital for registration, and further simplified the documents necessary for registration.


DB 2008:

United Arab Emirates eased the process of starting a business by allowing the publication of the records of the company to be done at DED


United Kingdom

DB 2014:

The United Kingdom made starting a business easier by providing model articles for use in preparing memorandums and articles of association.


Uruguay

DB 2012:

Uruguay made starting a business easier by establishing a one-stop shop for general commercial companies.


DB 2009:

Minimum capital requirement was abolished.


Uzbekistan

DB 2014:

Uzbekistan made starting a business easier by abolishing the paid-in minimum capital requirement and by eliminating the requirement to have signature samples notarized before opening a bank account.


DB 2013:

Uzbekistan made starting a business easier by introducing an online facility for name reservation and eliminating the fee to open a bank account for small businesses.


DB 2012:

Uzbekistan made starting a business easier by reducing the minimum capital requirement, eliminating 1 procedure and reducing the cost of registration.


DB 2008:

Substantive review at the registry was eliminated, internal proceedings were simplified and clear rules for refusal of registration were established. Social insurance registration can now be done in a one-stop shop within 1 working day.


Vanuatu

DB 2012:

Vanuatu made starting a business easier by reducing the time required for company registration at the Vanuatu Financial Services Commission and issuing provisional licenses at the Department of Customs.


Venezuela

DB 2014:

República Bolivariana de Venezuela made starting a business more costly by increasing the company registration fees.


DB 2013:

República Bolivariana de Venezuela made starting a business more difficult by increasing the cost of company incorporation.


DB 2011:

República Bolivariana de Venezuela made starting a business more difficult by introducing a new procedure for registering a company.


Vietnam

DB 2013:

Vietnam made starting a business easier by allowing companies to use self-printed value added tax invoices.


DB 2011:

Vietnam eased company start-up by creating a one-stop shop that combines the processes for obtaining a business license and tax license and by eliminating the need for a seal for company licensing.


West Bank and Gaza

DB 2014:

West Bank and Gaza made starting a business less costly by eliminating the paid-in minimum capital requirement.


DB 2011:

West Bank and Gaza made starting a business more difficult by increasing the lawyers’ fees that must be paid for incorporation.


DB 2010:

West Bank & Gaza made it more difficult to start a business by increasing the minimum capital requirement


DB 2009:

Full operationalization of the Information Management System project at the commercial registry resulted in substantial time reduction.


Yemen

DB 2010:

Yemen simplified the process of business start up by deleting the requirement of obtaining a bank account certificate as a requirement to register the company.


DB 2009:

The activation of the one-stop shop made it possible to complete stat-up process at once in a single location and made it easier to obtain a license from the municipality and to register with the chamber of commerce and the tax office. It also abolished the seal and paid in minimum capital requirements reducing substantially the number of procedures and days.


Zambia

DB 2014:

Zambia made starting a business easier by raising the threshold at which value added tax registration is required.


DB 2011:

Zambia eased business start-up by eliminating the minimum capital requirement.


DB 2009:

The revamping of the company registry and the creation of a one-stop shop resulted in tremendous time reduction.


Zimbabwe

DB 2011:

Zimbabwe eased business start-up by reducing registration fees and speeding up the name search process and company and tax registration.


Reform Summaries


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