Business Reforms for Starting a Business

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

Afghanistan

DB 2015:

Afghanistan made starting a business more difficult by increasing the publication fees and prolonging the time required for registration.


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; establishing a new company registry that acts as a one-stop shop combining company registration, tax registration and publication in the official gazette; and introducing flat registration fees.


Albania

DB 2015:

Albania made starting a business easier by lowering registration fees.


DB 2013:

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


DB 2010:

Albania made business start-up easier by making registration electronic and enhancing capacity at the registry, reducing the minimum capital requirement and eliminating the requirement to register at the chamber of commerce.


DB 2009:

Albania made starting a business easier by consolidating tax, health insurance and labor registration into a single application, allowing online publication of the incorporation notice and reducing the registration cost.


Angola

DB 2009:

Angola reduced the time and number of procedures to start a business by making it possible to complete all registration formalities at once at a single counter (the Guichet Unico).


Argentina

DB 2014:

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


DB 2010:

Argentina made starting a business easier by eliminating the requirement for registration with the private pension fund and expediting the publication process.


Armenia

DB 2015:

Armenia made starting a business easier by streamlining postregistration procedures.


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 made starting a business easier by making the registration forms available online and by eliminating the minimum capital requirement and the requirement to obtain approval from the National Police Department to prepare the company seal.


Australia

DB 2008:

Australia made starting a business less costly by cutting the registration fee for new businesses by half.


Austria

DB 2015:

Austria made starting a business easier by reducing the minimum capital requirement, which in turn reduced the paid-in minimum capital requirement, and by lowering notary fees.


Azerbaijan

DB 2015:

Azerbaijan made starting a business easier by reducing the time to obtain an electronic signature for online tax registration.


DB 2014:

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


DB 2009:

Azerbaijan reduced the time, cost and number of procedures to start a business by establishing a one-stop shop for completing registration requirements.


DB 2008:

Azerbaijan made starting a business easier by abolishing the requirement to obtain approval from the Ministry of Justice for the company seal design.


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 made starting a business easier by launching a full-fledged online business name clearance and registration process.


DB 2009:

Bangladesh simplified business registration formalities, reducing the time, cost and number of procedures to start a business.


DB 2008:

Bangladesh made starting a business more complicated by introducing an additional process for verifying the payment 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 made starting a business easier by simplifying registration formalities, abolishing the minimum capital requirement, limiting the role of notaries and eliminating the need for approval of the company seal.


DB 2009:

Belarus made starting a business easier by creating a unified registry database, setting a time limit for the registration process and cutting the minimum capital requirement by half.


DB 2008:

Belarus made starting a business easier by implementing a one-stop shop that combines company registration, approval of the draft company seal and registrations with the state insurance company and tax, statistical and social security authorities.


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 as well as automatic publication in the state gazette of the incorporation notice.


Benin

DB 2015:

Benin made starting a business easier by reducing the minimum capital requirement and the fees to be paid at the one-stop shop.


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:

Bhutan made it easier to start a limited liability trading company by eliminating 2 procedures—name approval and location clearance—and increasing efficiency at the company registrar.


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 made starting a business easier by simplifying the process to obtain a business license and the process to register for taxes.


DB 2009:

Botswana reduced the time required for starting a business by computerizing the business registry.


Brazil

DB 2011:

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


DB 2010:

Brazil made starting a business easier by eliminating the requirement to obtain a fire brigade license and inspection before obtaining an operating permit from the municipality.


Brunei Darussalam

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 2015:

Bulgaria made starting a business easier by lowering registration fees.


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 made starting a business easier by reducing the paid-in minimum capital requirement and enhancing efficiency at the company registry.


DB 2009:

Bulgaria made starting a business easier by creating a centralized electronic database for commercial registration, consolidating registration procedures and eliminating some registration formalities.


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 made starting a business easier by allowing online publication of the articles of incorporation directly on the website of the one-stop shop, by reducing registration fees and by streamlining tax registration.


DB 2008:

Burkina Faso reduced the time required to start a business through a ministerial decree simplifying notification and documentation requirements for company registration.


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:

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


DB 2011:

Cape 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:

Cape Verde made starting a business easier by implementing an online company 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 made starting a business easier by exempting newly formed companies from paying the business license tax for their first 2 years of existence.


Canada

DB 2009:

Canada made starting a business easier by making it possible to complete registration processes 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:

The Central African Republic simplified business start-up by establishing a one-stop shop (Guichet Unique de Formalité des Entreprises), which merged several 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 2015:

China made starting a business easier by eliminating both the minimum capital requirement and the requirement to obtain a capital verification report from an auditing firm. This reform applies to both Beijing and Shanghai.


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 made starting a business easier by establishing a new public-private health provider (Nueva EPS) that enables faster enrollment of employees and by introducing online preenrollment with the Social Security Institute (Instituto de Seguro Social).


DB 2009:

Colombia reduced the time, cost and number of procedures to start a business by introducing online company registration and simplifying other registration formalities.


Comoros

DB 2014:

The 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 2015:

The Democratic Republic of Congo made starting a business easier by creating a one-stop shop.


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:

The Republic of Congo made starting a business more difficult through longer delays in registering with the Centre des Formalités des Entreprises, with the tax authority and with the social security administration.


Costa Rica

DB 2014:

Costa Rica made starting a business easier by creating an online platform for business registration, eliminating the requirement to have accounting books legalized 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:

Costa Rica reduced the time required to start a business by digitizing tax registration records and company books.


Côte d'Ivoire

DB 2015:

Côte d’Ivoire made starting a business easier by reducing the minimum capital requirement, lowering registration fees and enabling the one-stop shop to publish notices of incorporation.


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 made starting a business easier by abolishing the requirement to notify the labor ministry.


Croatia

DB 2015:

Croatia made starting a business easier by reducing notary fees.


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 of the one-stop shop.


Czech Republic

DB 2015:

The Czech Republic made starting a business easier by substantially reducing the minimum capital requirement and the paid-in minimum capital requirement.


DB 2009:

The Czech Republic reduced the time and number of procedures to start a business by introducing “Project Czech Point,” which makes it possible to obtain multiple registration-related documents in one place.


DB 2008:

The Czech Republic reduced the time required to start a business by fully implementing improvements in its company registration process.


Denmark

DB 2015:

Denmark made starting a business easier by reducing the paid-in minimum capital requirement.


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 the company name search and by eliminating the minimum capital requirement as well as the requirement to publish a notice of commencement of activities.


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:

The Dominican Republic made starting a business easier and less costly by establishing an online facility for completing registration formalities and reducing the incorporation taxes.


DB 2008:

The Dominican Republic reduced the time required to start a business by simplifying name registration and introducing online tax registration.


Ecuador

DB 2011:

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


Egypt, Arab Rep.

DB 2011:

Egypt reduced the cost to start a business.


DB 2010:

Egypt made starting a business easier by eliminating the minimum capital requirement.


DB 2009:

Egypt made starting a business easier by reducing the paid-in minimum capital requirement, abolishing bar association fees and automating tax registration.


DB 2008:

Egypt made starting a business easier by lowering registration fees, improving the process at the one-stop shop and reducing the minimum capital requirement.


El Salvador

DB 2009:

El Salvador made starting a business easier by reducing the minimum capital requirement, simplifying the legalization of accounting books and easing publication requirements.


Eritrea

DB 2008:

In Eritrea starting a business became more difficult because of greater delays in completing certain procedures.


Estonia

DB 2008:

Estonia made starting a business easier and less costly by introducing standard articles of association and a fixed fee schedule for company registration.


Ethiopia

DB 2010:

Ethiopia made starting a business easier by streamlining registration procedures.


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:

Finland made starting a business easier by reducing the minimum capital requirement and simplifying documentation requirements.


France

DB 2015:

France made starting a business easier by reducing the time it takes to register a company at the one-stop shop (Centre de Formalités des Entreprises).


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.


Gambia, The

DB 2015:

The Gambia made starting a business easier by eliminating the requirement to pay stamp duty.


Georgia

DB 2012:

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


DB 2009:

Georgia made starting a business easier by eliminating the minimum capital requirement, abolishing the requirements for a company seal and company charter and making the use of notaries optional.


DB 2008:

Georgia made starting a business easier by making tax authorities responsible for state and tax registration and eliminating the paid-in minimum capital requirement.


Germany

DB 2015:

Germany made starting a business more difficult by increasing notary fees.


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 made starting a business easier by reducing the minimum capital requirement to a symbolic amount.


DB 2008:

Germany made starting a business easier by implementing electronic registration and introducing online publication of the incorporation notice.


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 by further streamlining registration procedures through the creation of a customer service desk at the one-stop shop.


DB 2009:

Ghana made starting a business easier by eliminating the requirement to register employment vacancies and the requirement for a company seal.


DB 2008:

Ghana reduced the time required for business registration through ongoing computerization at the company registry and improved operations at the Environmental Protection Agency.


Greece

DB 2015:

Greece made starting a business easier by lowering registration costs.


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:

Greece made starting a business easier by reducing the minimum capital requirement, lowering the cost of the capital tax and reducing the time needed for the publication requirement.


Grenada

DB 2011:

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


Guatemala

DB 2015:

Guatemala made starting a business easier by eliminating certain registration fees and reducing the time to publish a notice of incorporation.


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:

Guatemala reduced the time and number of procedures required for new company registration through full implementation of its one-stop shop.


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 business start-up by making the company name search electronic, introducing some computers and flash drives and reducing 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 made starting a business easier by applying a flat registration fee for all companies, regardless of capital amount; eliminating the duty payable upon incorporation; and streamlining tax registration through 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 business registration at the one-stop shop, improving the tax registration process and eliminating the need for a lawyer’s services to obtain a municipal license.


DB 2008:

Honduras reduced the time required to start a business by simplifying municipal licensing procedures.


Hong Kong SAR, China

DB 2015:

Hong Kong SAR, China, made starting a business more difficult by increasing the registration fee.


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 SAR, China, made starting a business easier by simplifying registration formalities and merging certain procedures.


Hungary

DB 2015:

Hungary made starting a business more difficult by increasing the paid-in minimum capital requirement.


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 made starting a business easier by implementing online registration, with registration confirmed 1 hour after application.


DB 2009:

Hungary made starting a business easier by reducing the minimum capital requirement, introducing online filing and publication and making the use of notaries optional.


DB 2008:

Hungary made starting a business easier through a new company act and corporate procedure act introducing standardized forms, a “silence is consent” rule and electronic registration.


Iceland

DB 2015:

Iceland made starting a business easier by offering faster online procedures.


India

DB 2015:

India made starting a business easier by considerably reducing the registration fees, but also made it more difficult by introducing a requirement to file a declaration before the commencement of business operations. These changes apply to both Delhi and Mumbai.


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 2015:

Indonesia made starting a business easier by allowing the Ministry of Law and Human Rights to electronically issue the approval letter for the deed of establishment. This reform applies to both Jakarta and Surabaya.


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 made starting a business easier by introducing online service, eliminating certain licenses, increasing efficiency at the registry and reducing several fees.


DB 2009:

Indonesia made starting a business more difficult by more than doubling the minimum capital requirement.


DB 2008:

Indonesia made starting a business more difficult by increasing the paid-in minimum capital requirement.


Iran, Islamic Rep.

DB 2015:

The Islamic Republic of Iran made starting a business easier by streamlining the name reservation and company registration procedures.


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:

The Islamic Republic of Iran simplified business start-up by introducing 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 2015:

Italy made starting a business easier by reducing both the minimum capital requirement and the paid-in minimum capital requirement and by streamlining registration procedures.


DB 2011:

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


DB 2009:

Italy made starting a business easier by making it possible to carry out all required procedures through a single notice.


Jamaica

DB 2015:

Jamaica made starting a business easier by consolidating forms, but also made it more time-consuming as a result of delays in the implementation of the electronic interface with different agencies.


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 made starting a business easier by offering a single reception service for company registration at the company registrar.


DB 2009:

Jordan made starting a business easier by reducing the paid-in minimum capital requirement by more than 96%.


DB 2008:

Jordan reduced the time and number of procedures to start a business by enhancing the operations of the one-stop shop at the company registry and adding the presence of a representative of the municipality of Amman.


Kazakhstan

DB 2014:

Kazakhstan made starting a business easier by reducing the time it takes 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 made starting a business easier by simplifying documentation requirements and eliminating 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:

Kenya reduced the time required to start a business through improvements at the registry and better communication between relevant agencies.


DB 2008:

Kenya reduced the time and cost to register a company through an ambitious licensing reform program that eliminated 110 types of business permits and simplified 8 others.


Korea, Rep.

DB 2012:

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


DB 2010:

Korea made starting a business easier by reducing costs, allowing online payment of registration taxes, setting time limits for value added tax registration and eliminating the minimum capital requirement and notarization requirements.


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 2015:

Kuwait made starting a business more difficult by increasing the commercial license fee.


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 made starting a business easier by eliminating the minimum capital requirement, reducing the registration time and abolishing certain postregistration fees as well as the need to open a bank account before registration.


DB 2009:

The Kyrgyz Republic made starting a business easier by creating a one-stop shop that streamlined and simplified business registration processes and by eliminating other formalities.


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 PDR made starting a business easier by speeding up the process of obtaining an operating license and eliminating the requirement to obtain approval for registration of a new company from the relevant ministry.


Latvia

DB 2015:

Latvia made starting a business more difficult by increasing registration fees, bank fees and notary fees.


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 made starting a business easier by eliminating the requirement to have company books stamped—though it also made it more difficult by reversing a previous reform combining tax and company registration at LibanPost.


DB 2009:

Lebanon reduced the time required to start a business by streamlining the business registration process.


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:

Lesotho reduced the time required to start a business by launching a one-stop shop—which consolidated and simplified business registration processes—and by improving efficiency at the registry.


Liberia

DB 2014:

Liberia made starting a business easier by eliminating the business trade license fees.


DB 2012:

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


DB 2010:

Liberia made starting a business easier by eliminating the requirement to obtain an environmental impact assessment when forming a general trading company.


DB 2009:

Liberia made starting a business easier and less time consuming by simplifying registration processes, introducing time limits for procedures and revising business licensing procedures.


Lithuania

DB 2015:

Lithuania made starting a business easier by eliminating the need to have a company seal and speeding up the value added tax (VAT) registration at the State Tax Inspectorate.


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 made starting a business easier by allowing entrepreneurs to reserve a company name online and by eliminating the capital duty.


Macedonia, FYR

DB 2015:

The former Yugoslav Republic of Macedonia made starting a business easier by making online registration free of charge.


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:

FYR Macedonia made starting a business easier by integrating procedures at a one-stop shop.


DB 2009:

FYR Macedonia reduced the time and number of procedures to start a business by updating the one-stop shop system to carry out the full range of business start-up processes.


DB 2008:

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


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 made starting a business easier by streamlining procedures at the one-stop shop and eliminating the stamp duty and the minimum capital requirement.


DB 2009:

Madagascar made business start-up faster and less costly by abolishing the professional tax and introducing online publication of the incorporation notice.


DB 2008:

Madagascar reduced the time required for business registration by streamlining operations at the one-stop shop.


Malawi

DB 2015:

Malawi made starting a business easier by streamlining company name search and registration and by eliminating the requirement for inspection of company premises before issuance of a business license.


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 made starting a business easier through a new one-stop shop service that helped in streamlining the registration process.


DB 2009:

Malaysia reduced the time needed to start a business by introducing electronic lodgment for business registration processes.


DB 2008:

Malaysia reduced the time required to start a business by increasing efficiency at the Companies Commission of Malaysia.


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 made starting a business easier by creating a one-stop shop where all registration procedures can be completed, including registering a company with the registrar and tax agency, applying for online publication and obtaining a national identification number.


DB 2008:

Mali reduced the time for business registration by introducing a single company identification number.


Malta

DB 2015:

Malta made starting a business easier by creating an electronic link between the Registrar of Companies and the Inland Revenue Department to facilitate issuance of a tax identification number.


Mauritania

DB 2015:

Mauritania made starting a business easier by creating a one-stop shop and eliminating the publication requirement and the fee to obtain a tax identification number.


DB 2009:

Mauritania simplified the business registration process, reducing the time, cost and number of procedures to start a business.


DB 2008:

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


Mauritius

DB 2015:

Mauritius made starting a business easier by reducing trade license fees.


DB 2009:

Mauritius made starting a business easier by further simplifying the registration process, including through online facilities, and streamlining formalities.


DB 2008:

Mauritius made business start-up 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 made starting a business easier by establishing an electronic platform for company registration, by substantially reducing the time required for registration and by eliminating the requirement to register with the statistical office.


Moldova

DB 2015:

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


DB 2012:

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


DB 2010:

Moldova made starting a business easier by implementing an expedited company registration service and making the authentication of specimen signatures when opening a corporate bank account optional.


DB 2009:

Moldova cut the time needed to start a business by half by simplifying business registration requirements.


DB 2008:

Moldova made starting a business easier by eliminating the requirement to first obtain permission from the State Inspectorate of Labor and by making it possible to submit online applications for reservation of company names and extracts from the 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 made starting a business easier by simplifying the postregistration process—including tax, social security and employment registration—as well as the process of obtaining a 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 made starting a business easier by eliminating the minimum capital and bank deposit requirements.


DB 2008:

Mozambique reduced the time required to start a business by implementing electronic publication of the incorporation notice and eliminating provisional registration. In addition, it made the use of notaries optional, computerized its registry and introduced flat registration fees.


Namibia

DB 2009:

Namibia reduced the time required to start a business by computerizing the company registry.


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:

New Zealand made starting a business easier by making it possible to complete the process in one simple online registration in less than a day.


Nicaragua

DB 2015:

Nicaragua made starting a business easier by combining multiple registration procedures.


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 made starting a business easier by eliminating the procedures to register with the Conseil Nigérien des Utilisateurs des Transports Publics (CNUT) and with the chamber of commerce.


DB 2008:

Niger made starting a business less costly by eliminating fees paid at the chamber of commerce.


Nigeria

DB 2008:

Nigeria made starting a business easier by introducing an online system for company name search and increasing efficiency at the company registry.


Norway

DB 2015:

Norway made starting a business easier by eliminating the requirement for limited liability companies to have their balance sheet examined by an external auditor if the capital is paid in cash.


DB 2013:

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


DB 2008:

Norway made starting a business more difficult by introducing a requirement to arrange for a 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 made starting a business easier by introducing online name registration and payment at the registry with a prepaid card.


DB 2009:

Oman reduced the time and number of procedures to start a business by putting the one-stop shop into operation and simplifying licensing procedures.


Pakistan

DB 2010:

Pakistan made starting a business easier by introducing an electronic registration system, allowing online registration for sales tax and eliminating the requirement to make the 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:

Panama made business start-up faster by introducing an online system that greatly reduced the time required to obtain a business license.


Paraguay

DB 2008:

Paraguay reduced the time required for starting a business by creating a one-stop shop and linking multiple agencies to it.


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 made starting a business easier by allowing online submission of electronic payroll books at no cost and by making company forms available online.


Philippines

DB 2011:

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


DB 2008:

The Philippines made 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 made starting a business easier by reducing the minimum capital requirement and consolidating company registration with registration with the tax, social security and statistics authorities.


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 easier by eliminating outdated formalities, simplifying requirements for company registration and implementing an online incorporation system for use by lawyers.


Puerto Rico (U.S.)

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 difficult by implementing several laws that added to the procedures and time required.


Russian Federation

DB 2015:

The Russian Federation made starting a business easier by eliminating the requirement to deposit the charter capital before company registration as well as the requirement to notify tax authorities of the opening of a bank account. This reform applies to both Moscow and St. Petersburg.


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 2015:

Rwanda made starting a business more difficult by requiring companies to buy an electronic billing machine from a certified supplier, but also made it easier by launching free mandatory online registration.


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 made starting a business easier by eliminating the notarization requirement; introducing standardized memoranda of association; putting publication online; consolidating name-checking, registration fee payment, tax registration and company registration procedures; and reducing the time required to process completed applications.


Samoa

DB 2010:

Samoa made starting a business easier by eliminating the minimum capital requirement and simplifying some procedures.


São Tomé and Príncipe

DB 2015:

São Tomé and Príncipe made starting a business easier by eliminating the minimum capital requirement for business entities with no need to obtain a commercial license.


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 made starting a business easier by introducing a one-stop center at the Ministry of Commerce that merged registration procedures and simplified publication requirements.


DB 2009:

Saudi Arabia reduced the time and cost to start a business by eliminating non-value-added formalities.


DB 2008:

Saudi Arabia made starting a business easier by eliminating the paid-in minimum capital requirement and speeding up company registration.


Senegal

DB 2015:

Senegal made starting a business easier by reducing the minimum capital requirement.


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:

Senegal reduced the time needed to start a business by launching a one-stop shop, which allowed several start-up procedures to be merged into one.


Serbia

DB 2013:

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


DB 2010:

Serbia made starting a business easier by creating a one-stop shop for company registration.


Sierra Leone

DB 2010:

Sierra Leone made starting a business easier by establishing a one-stop shop for company registration.


DB 2009:

Sierra Leone reduced the time, cost and number of procedures to start a business by making the use of a lawyer optional and abolishing other registration formalities, including paying taxes up front and obtaining exchange control permission from the central bank.


Singapore

DB 2010:

Singapore made starting a business easier by combining tax registration with business registration on a single online form.


DB 2009:

Singapore reduced the time and number of procedures to start a business by simplifying the online start-up process.


Slovak Republic

DB 2015:

The Slovak Republic made starting a business easier by reducing the time needed to register with the district court and eliminating the need (and therefore the fee) for the verification of signatures by a notary public.


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 Slovak Republic made starting a business easier through its one-stop shop, which 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 made starting a business easier by speeding up company registration, combining tax registration with company registration through the automated e-Vem system and abolishing the requirement for a company seal.


DB 2009:

Slovenia reduced the time and number of procedures to start a business by introducing a single access point for the process of establishing a limited liability company.


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:

South Africa reduced the time and cost to start a business by simplifying the start-up process, including by eliminating the need to use a lawyer.


Spain

DB 2015:

Spain made starting a business easier by introducing an electronic system linking several public agencies and thereby simplifying business registration.


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 2008:

Sri Lanka made starting a business easier by eliminating burdensome requirements for approvals, introducing a flat registration fee and making company seals and the use of notaries optional.


St. Lucia

DB 2010:

St. Lucia made starting a business easier by implementing an electronic registration system that allows entrepreneurs to check the availability of and reserve company names online.


St. Vincent and the Grenadines

DB 2010:

St. Vincent and the Grenadines made starting a business easier by abolishing the requirement for a physical company seal.


Suriname

DB 2015:

Suriname made starting a business easier by introducing an online system for obtaining trade licenses.


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 2015:

Swaziland made starting a business easier by shortening the notice and objection period for obtaining a new trade license.


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 2015:

Switzerland made starting a business easier by introducing online procedures.


DB 2009:

Switzerland made starting a business more difficult by doubling the paid-in minimum capital requirement.


Syrian Arab Republic

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 made starting a business easier by reducing the paid-in minimum capital requirement and making standard incorporation forms available online.


DB 2009:

Syria reduced the time and number of procedures to start a business through a new company law and commercial code simplifying the registration process, ending the involvement of the court and lawyers in the process and further simplifying tax registration.


DB 2008:

Syria made starting a business more difficult by enforcing the requirement for limited liability companies and joint stock companies to publish their memorandum of association in the official gazette and show proof of payment of the publishing fees.


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, China, made starting a business easier by abolishing the minimum capital requirement and speeding up various procedures.


Tajikistan

DB 2015:

Tajikistan made starting a business easier by enabling the Statistics Agency to issue the statistics code for the new business at the time of registration.


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 made starting a business easier by reducing the minimum capital requirement and speeding up the issuance of tax identification numbers.


DB 2008:

Tajikistan made starting a business easier by reducing the number of business activities subject to licensing requirements.


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 creating business registration centers in all the local authorities and by making the company seal 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 made starting a business easier by merging 2 registration procedures in a single application form.


Timor-Leste

DB 2015:

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


DB 2012:

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


DB 2008:

Timor-Leste made business start-up easier and faster by eliminating the requirement for approvals by the Ministry of Land.


Togo

DB 2015:

Togo made starting a business easier by enabling the one-stop shop to publish notices of incorporation and eliminating the requirement to obtain an economic operator card.


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 made starting a business easier and less costly by setting up a one-stop shop and thereby making it possible to consolidate several procedures.


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:

Tonga reduced the time and cost to start a business by reforming business licensing regulations.


Trinidad and Tobago

DB 2015:

Trinidad and Tobago made starting a business easier by introducing online systems for employer registration and tax registration.


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:

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


Turkey

DB 2015:

Turkey made starting a business more difficult by increasing the notary and company registration fees.


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 United Arab Emirates made starting a business easier by abolishing the minimum capital requirement and simplifying documentation requirements for registration, including by eliminating the requirement to show proof of deposit of capital.


DB 2008:

The United Arab Emirates made starting a business easier by allowing publication of the company records at the Department of Economic Development.


United Kingdom

DB 2015:

The United Kingdom made starting a business easier by speeding up tax registration.


DB 2014:

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


United States

DB 2015:

In the United States starting a business became easier in New York City thanks to faster online procedures.


Uruguay

DB 2012:

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


DB 2009:

Uruguay made starting a business easier by eliminating the minimum capital requirement.


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:

Uzbekistan made starting a business easier by eliminating the requirement for substantive review at the registry, simplifying internal procedures and clarifying rules for refusal of registration.


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, RB

DB 2015:

República Bolivariana de Venezuela made starting a business more difficult by increasing incorporation costs.


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


DB 2009:

West Bank and Gaza reduced the time required to start a business by fully implementing the management information system at the commercial registry.


Yemen, Rep.

DB 2012:

Yemen made starting a business more difficult due to the suspension of registration services at the one-stop shop.


DB 2010:

The Republic of Yemen made starting a business easier by eliminating the requirement to obtain a bank account certificate for company registration.


DB 2009:

The Republic of Yemen reduced the time and number of procedures to start a business by launching a one-stop shop and eliminating the paid-in minimum capital requirement and the requirement for a company seal.


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:

Zambia reduced the time required to start a business by revamping the company registry and creating a one-stop shop.


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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