Ease of Doing Business

Ease of Doing Business measures how friendly and efficient a country’s environment is for starting and operating a business. It considers factors like the time and cost to register a company, get permits, pay taxes, enforce contracts, and handle insolvency. The goal is to identify barriers businesses face and improve processes. A high score indicates a conducive setting for entrepreneurs, fostering economic growth and investment. Essentially, it gauges how straightforward and supportive the regulatory framework is for entrepreneurs and companies to thrive.