Business Entry

The Business Entry topic measures the process of registration and start of operations of new limited liability companies (LLCs) across three different dimensions, here referred to as pillars. The first pillar assesses the quality of regulations for business entry, covering de jure features of a regulatory framework that are necessary for the adoption of good practices for business start—ups. The second pillar measures the availability of digital public services and transparency of information for business entry. The third pillar measures the time and cost required to register new domestic and foreign firms. Each pillar is divided into categories—defined by common features that inform the grouping into a particular category—and each category is further divided into subcategories. Each subcategory has several indicators, each of which may, in turn, have several components. Relevant points are assigned to each indicator and subsequently aggregated to obtain the number of points for each subcategory, category, and pillar.

Latest Score: 2024
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# Description Value
1 Total time to register a new domestic firm (days) 5720
2 Total cost to register a new domestic firm (% of GNI per capita) 42
3 Total time to register a new foreign firm (days) 67
4 Total cost to register a new foreign firm (% of GNI per capita) 104

Detailed Score for each Pillar - Year 2024

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Regulatory Framework
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Public Service
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Operational Efficiency

Regulatory Framework

This pillar assesses the quality of regulations for business entry, covering de jure features of a regulatory framework that are necessary for the adoption of good practices for business start—ups

Operational Efficiency

This pillar measures the time and cost required to register new domestic and foreign firms.

Public Services

This pillar measures the availability of digital public services and transparency of information for business entry.