Czech Republic 74th in world in terms of time it takes to start firm

05-11-2006

Setting up a company in the Czech Republic takes 24 days, compared to the average of 16 in OECD countries, according to a report released by the World Bank. The Czech Republic ranks 74th in the world in terms of difficulty of starting a company. While there are six steps involved in starting a firm in advanced countries, here there are 10.