7 of 20
BACKNEXT
7. Ireland
2009 rank: #7
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.

NEXT: 8. Canada

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
Sponsored by
Full story: Global best spots for small biz Singapore is tops in the World Bank's survey of the friendliest regulatory environments for startups and small companies. More
10 worst countries for startups These 10 countries filled out the bottom of World Bank's list, presenting major obstacles to fledgling new ventures. More
100 best places to live and launch Fortune Small Business's picks of the best places in the U.S. to start a company. More
Sponsors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.