European Union 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 Greece 121 2005
2 Portugal 104 2005
3 Croatia 103 2005
4 Poland 92 2005
5 Spain 86 2005
6 Bulgaria 80 2005
7 Slovenia 78 2005
8 Czech Republic 77 2005
9 Hungary 72 2005
10 Austria 59 2005
11 Slovakia 48 2005
12 Germany 47 2005
13 Italy 45 2005
14 Estonia 43 2005
15 Netherlands 42 2005
16 Lithuania 37 2005
17 Belgium 34 2005
18 Latvia 26 2005
19 Sweden 20 2005
20 Finland 18 2005
21 Denmark 15 2005
22 France 13 2005
23 Ireland 11 2005
24 United Kingdom 9 2005
25 Romania 8 2005


European Union Compared by Economy > Entrepreneurship > Starting a Business > Index ranking


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