2008 rank: #7
Starting a business in Ireland is fairly quick, taking only 13 days. But it's the time it takes to close a business that's impressive: bankruptcy proceedings can be over in less than five months, making this economy the speediest in the world when it comes to reorganizing or liquidating a company. That's largely thanks to the existence of specialized bankruptcy courts and statutory time limits, as well as a limit on procedural appeals.
Ireland is also among the least tedious economies in which to pay corporate taxes, which cost 28.8% of profit annually. One area of potential frustration for Irish businesses, however, is property registration, which takes 38 days and has an average cost of 9.6% of the property's value.
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