Barbados ranks 7th in West Indian places to create Business
The World Bank data considers time required to start a business as “the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.”
This isn’t the only indicator of ease of doing business, but it’s definitely instructive.
The results, according to the World Bank’s Doing Business Project, are that setting up a business can be done the fastest in Jamaica and Puerto Rico, in each of which it took six days to set up a business, according to data covering the year 2013.
Suriname was last on the list, where it took 208 days to set up a business.