NCPA - National Center for Policy Analysis

United States Ranks behind Rwanda in Ease of Creating New Business

January 28, 2014

The World Bank and the International Finance Corporation has found that it is easier to start a new business in Rwanda, Belarus and Azerbaijan than in the United States, says the Washington Examiner.

  • The report looked at 189 countries, analyzing their regulations and required procedures for starting a new business, as well as compliance time and costs.
  • New Zealand, the World Bank found, boasts the easiest procedure for starting a business, requiring only "one procedure, half a day, (and) less than 1 percent of income per capita and no paid-in minimum capital."
  • Also in the top five were Canada, Singapore, Australia and Hong Kong.

But in the United States, starting a new business takes six procedures, five whole days and 1.5 percent of a company's income per capita. The United States ranked 20th among the 189 countries that were studied.

Source: Sean Higgins, "U.S. Ranks behind Rwanda, Belarus, Azerbaijan in Ease of Creating New Business, World Bank Says," Washington Examiner, January 22, 2014.


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