Starting a business: The growing efficiency of company registries

Author: Doing Business
Publication: Doing Business 2015
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  • Company registries empower businesses to operate in the formal economy—and to reap the benefits that come with formalization.
  • Online platforms for company incorporation make the process faster and cheaper.
  • Electronic registration and online services substantially reduce the opportunities for bribery and other forms of corruption.
  • Rwanda has made promoting private sector development a top priority on its reform agenda—and making it easier to register a business is part of that.
  • Chile’s new online business registry experienced rapid take-up, accounting for nearly half of new registrations of limited liability companies in just 7 weeks.
  • The United Kingdom’s corporate registry actively promotes the use of electronic services and data transparency.