Emerging markets Compared by Economy > Entrepreneurship > Starting a Business > Index ranking

DEFINITION: Doing Business records all generic procedures that are officially required for an entrepreneur to start up and operate an industrial or commercial business. These include obtaining all necessary licenses and permits and completing any required notifications, verifications or inscriptions with relevant authorities. After a study of laws, regulations and publicly available information on business entry, a detailed list of procedures, time, cost and paid-in minimum capital requirements is developed. Subsequently, local incorporation lawyers and government officials complete and verify the data on applicable procedures, the time and cost of complying with each procedure under normal circumstances and the paid-in minimum capital. On average 4 law firms participate in each country. Information is also collected on the sequence in which procedures are to be completed and whether procedures may be carried out simultaneously. It is assumed that any required information is readily available and that all government and nongovernment agencies involved in the start-up process function efficiently and without corruption. If answers by local experts differ, inquiries continue until the data are reconciled. NOTE: This is a ranking derived from several indicators, 1 being the best (ranked first). The higher the number on this graph, the lower their overall ranking. Invert this graph by clicking on 'Amount' at the top. Consult source for details on methodology.


1 Indonesia 144 2005
2 China 126 2005
3 Ukraine 110 2005
4 Peru 106 2005
5 Brazil 98 2005
6 Venezuela 95 2005
7 Poland 92 2005
8 India 90 2005
9 Philippines 89 2005
10 Argentina 85 2005
11 Mexico 84 2005
12 Bulgaria 80 2005
13 Colombia 73 2005
14 Hungary 72 2005
15 Malaysia 57 2005
16 South Africa 51 2005
17 Turkey 46 2005
18 Estonia 43 2005
19 Pakistan 38 2005
20 Lithuania 37 2005
21 Russia 31 2005
22 Thailand 29 2005
23 Latvia 26 2005
24 Chile 23 2005
25 Romania 8 2005


Emerging markets Compared by Economy > Entrepreneurship > Starting a Business > Index ranking


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