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8. Canada
2009 rank: #8
2008 rank: #8

Entrepreneurs in Canada can now start a business with a single online procedure, and receive a business identification number within five days.

Like Ireland, Canada's specialized bankruptcy courts and statutory time limits help keep foreclosure, reorganization and liquidation procedures quick and efficient. In 2007 and 2008, Canadian reforms focused on easing the regulatory burdens around starting a business, and on reducing taxes. Corporate income tax went from 22.1% to 19.5%, and the tax rate on profits also dropped.

Trade, however, is a costly business in Canada, with import and export costs averaging more than $1,500 per container. Commercial disputes can also be tedious, requiring 36 procedures and 570 days to complete.

NEXT: 9. Australia

Source: All data comes from "Doing Business 2009," a publication of the World Bank and the International Finance Corporation. Detailed methodological information is available at www.doingbusiness.org.
LAST UPDATE: Sep 11 2008 | 1:18 PM ET
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