Pink Slips and Red Tape
New Zealand is the easiest country in which to conduct business, according to a new World Bank report, "Doing Business in 2005." If you’re looking to start a business pronto, though, Australia is your best bet: Opening up shop there takes only two days, whereas in Haiti, the process takes more than six months. If ...
New Zealand is the easiest country in which to conduct business, according to a new World Bank report, "Doing Business in 2005." If you're looking to start a business pronto, though, Australia is your best bet: Opening up shop there takes only two days, whereas in Haiti, the process takes more than six months.
New Zealand is the easiest country in which to conduct business, according to a new World Bank report, "Doing Business in 2005." If you’re looking to start a business pronto, though, Australia is your best bet: Opening up shop there takes only two days, whereas in Haiti, the process takes more than six months.
If you manage to start a business in Uzbekistan, choose employees with care, because they’ll be hard to dismiss. An Uzbek employer must document several instances of drunkenness or insubordination, offer the employee an alternative placement for a trial period, and then apply — with little chance of success — to the ministry of labor for permission to fire them. The result? More than a third of economic activity in Uzbekistan is underground. Whereas in Canada, it is almost as easy as saying, "You’re fired."
START ME UP: TIME REQUIRED TO START A BUSINESS
Quickest (days) | Slowest (days) |
1. Austrailia 2 | 1. Haiti 203 |
2. Canada 3 | 2. Laos 198 |
3. Denmark 4 | 3. Dem. Rep. of Congo 155 |
4. United States 5 | 4. Mozambique 153 |
5. Puerto Rico 7 | 5. Brazil 152 |
THE SACK RACE: DISMISSING PEOPLE WORLDWIDE
Hardest |
Easiest |
1. Uzbekistan | 1. Canada |
2. Tunisia | 2. Costa Rica |
3. Angola | 3. Hong Kong |
4. Nepal | 4. Jamaica |
5. Mexico | 5. Japan |
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