The World Bank Group headquarters in Washington, D.C. WORLDBANK.ORG
It takes on average 21 days to start a business in The Bahamas and costs approximately $3,300, according to The World Bank’s Ease of Doing Business Index.
Although that time frame is better than the average time to start a business in Latin America and The Caribbean, which is 28 days, it is far longer than the nine days it takes on average to start a business in high-income Organisation of Economic and Cooperative Development (OECD) countries.
“The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments,” the World Bank explained of its methodology. Read more >>
