Getting Down to Business : Strengthening Economies through Business Registration Reforms
Business registration remains a
complicated and costly process in many countries, hampering
entrepreneurial activity and the creation of formal
employment. In Bolivia and Uganda, for example,
entrepreneurs need to complete 15 procedures to incorporate
a limited liability company. In the Gambia and Djibouti, the
cost of incorporation is about 180 percent of per capita
income, and the average time needed to start up a business
in São Paulo, Brazil, is more than 100 days. Rampant
bureaucracy and systemic inefficiencies should not pose
obstacles for business development and growth. Several
research studies find that simpler business start-up
processes are associated with higher rates of formal
entrepreneurship, lesser development of shadow economies,
increased tax revenues, and decreased corruption. It is
clear that easy and straightforward business incorporation
practices have multiple spillover benefits for the entire economy.
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Bibliographic Details
| Main Authors: |
Saltane, Valentina,
Pan, Jiawen |
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| Language: | English
en_US |
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| Published: |
International Finance Corporation, Washington, DC
2013-12
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| Subjects: | ACCESS TO INFORMATION,
ACCOUNT,
ACCOUNTING,
ACCOUNTS,
ARTICLES OF ASSOCIATION,
AUTHENTICATION,
BEST PRACTICES,
BUSINESS COMMUNITIES,
BUSINESS DEVELOPMENT,
BUSINESS ENTRY,
BUSINESS INDICATOR,
BUSINESS OPERATIONS,
BUSINESS REGISTRATION,
BUSINESS REGULATIONS,
BUSINESS SERVICES,
BUSINESSES,
CAPITAL REQUIREMENT,
CAPITAL REQUIREMENTS,
CERTIFICATE,
CERTIFICATE OF INCORPORATION,
CHARTER,
CHARTERS,
COMMERCIAL ACTIVITIES,
COMMERCIAL BANK,
COMPANIES ACT,
CORPORATE GOVERNANCE,
CREATIVE SOLUTIONS,
DIGITAL SIGNATURE,
E-MAIL,
E-SERVICES,
ECONOMIC COOPERATION,
ELECTRONIC FORM,
ELECTRONIC PLATFORM,
ELECTRONIC SERVICES,
GOOD PRACTICE,
IDENTIFICATION NUMBER,
INCORPORATION,
INSPECTION,
LICENSE,
LIMITED,
LIMITED LIABILITY,
LIMITED LIABILITY COMPANIES,
LIMITED LIABILITY COMPANY,
MANDATORY DISCLOSURE,
MEDIUM ENTERPRISES,
NATURAL PERSONS,
ONE-STOP SHOP,
ONE-STOP SHOPS,
ONESTOP SHOP,
ONLINE BUSINESS,
ONLINE REGISTRATION,
ONLINE SERVICE,
PARTNERSHIP,
PRIVATE COMPANY,
REGISTRIES,
REGISTRY,
REGULATORY AUTHORITY,
RESULT,
RESULTS,
SEARCH,
SHARE CAPITAL,
SHAREHOLDERS,
STARTUPS,
STATE ENTERPRISE,
TAX IDENTIFICATION NUMBER,
USES, |
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| Online Access: | http://documents.worldbank.org/curated/en/2013/12/18882382/getting-down-business-strengthening-economies-through-business-registration-reforms
https://hdl.handle.net/10986/18689
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