One-Stop Shopping in Portugal
In 2005, it took 11 procedures and 78 days to start a business in Portugal, making it slower than the Democratic Republic of Congo. An entrepreneur would need 20 forms and documents, more than for any other European Union (EU) country, and the tota...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/12/9891115/one-stop-shopping-portugal http://hdl.handle.net/10986/10629 |
| Summary: | In 2005, it took 11 procedures and 78
days to start a business in Portugal, making it slower than
the Democratic Republic of Congo. An entrepreneur would need
20 forms and documents, more than for any other European
Union (EU) country, and the total cost was 13.5 percent of
the gross national income (GNI). As soon as new Prime
Minister Jose Socrates took office in March of 2005, the
planning for reform began, and in four months Empresa Na
Hora (On the Spot Firm), the Portuguese one-stop shop for
creating a company, was fully operational. Portugal is now
one of the easiest countries to start a business in, taking
only seven procedures, and the total cost has decreased to
3.4 percent of the GNI. |
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