Re: Establishing firms in Slovakia as slow as in Botswana, Flash News, Oct. 20 - 26, Vol. 9, No 40
I think one should be "shaken" by the fact that it takes three months to set up a company here, since it gives one a hint of how serious the country is about economic growth and stimulation.
Look at the USA, where it takes a week or less to set up a company. Small and mid-sized businesses are the backbone of the US economy. And the fact that a person doesn't have to jump through a series of bureaucratic hoops to set up a business is a major incentive.
Of course, the three-month waiting period here is only one factor out of many. But it does affect the country's business environment, and thus the economy.
27. Oct 2003 at 0:00