Reader feedback: 3-month wait costs small business

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.

Eric M. Roberts,
Bratislava

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