Do you have an internet startup and want to open in a hurry? This year’s Doing Business report, released earlier this week lists 23 countries where it’s possible to open a business in less than a day.
New Zealand tops the list again — it takes just one day to open a business there. Next up are Canada and the small former Soviet republic, Georgia — where it takes just two days to open a business.
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Jamaica may be famed for its laid back lifestyle, but not when it comes to registering a business — the country does it in just three days, the same time it takes to register a business in Australia. Or try Rwanda or its neighbour Burundi — it takes just four days to complete the paper work there.
In South Africa it takes on average 45 days to open and register a business.
The long time it takes (at least it’s not 80 days as in Brazil) is mostly down to how long it takes to register with the Department of Labour for the Unemployment Insurance Fund (UIF) and Workmen’s Compensation Fund — according to the World Bank.
Jamaica may be famed for its laid back lifestyle, but not when it comes to registering a business — the country does it in just three days
If you don’t plan on taking on employees right away registration can be completed online with the Companies and Intellectual Property Commission (CIPC) in a number of days.
In the below list six countries are former Soviet states, five are former Commonwealth states (including the UK). The list contains 14 European countries, two African and three Asian countries, two from Australasia, one from North America and one from the Caribbean.
So where is the US? It takes six days to register a business there (5.6 days according to the World Bank, but we rounded it off for you).
Here are the 23 countries where you can register a business in five or fewer days:
New Zealand – one day
Canada – two days
Georgia – two days
Jamaica – three days
Australia – three days
The Netherlands – four days
Denmark – four days
Norway – four days
Korea – four days
Estonia – four days
Rwanda – four days
France – four days
Belgium – four days
Burundi – four days
Armenia – five days
Azerbaijan – five days
Ireland – five days
Thailand – five days
Portugal – five days
Belarus – five days
Moldova – five days
UK – five days
Uzebekistan – five days
