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| Bureaucracy by Quino |
More difficult than Zambia to set up a company
MADRID The World Bank's Doing Business 2013 report was released last week. It says that Spain is among the most difficult countries in which to set up a company, in terms both of procedure and cost. This despite the need for the country to crawl out of its present financial crisis, a country where over 80% of GDP is brought about by small and medium companies, a country that loses scientists and entrepreneurs to other more welcoming business climes. The WB's report places Spain three spots below the same survey carried out last year; it takes 10 separate bureaucratic procedures and 28 days to set up a company, at a cost equivalent to 4.7% of the average per capita income. An example from the report, and the subject of a separate article in El País, is that of a businessman in Seville who>>>
