UNCTAD launches global enterprise registration portal
Geneva: UNCTAD and Global Entrepreneurship Week have launched a
system that lists online business registration systems by country, to
provide entrepreneurs worldwide with a one-stop-shop for online
registration and information regarding business registration processes.
"New firm formation is the primary driver of long-term economic
growth - and innovation and wealth creation in all types of economies,"
President, Global Entrepreneurship Week, Jonathan Ortmans said.
"As entrepreneurial ecosystems develop around the world, it will be
those that simplify the process for entrepreneurs to start and scale
their enterprises that are the most successful," he said.
The new portal was launched at the UNCTAD World Investment Forum 2014
Registering a business can be a long and cumbersome process,
involving multiple government agencies, and is often too complex for
This contributes to people remaining in the informal economy in
developing countries, where over half the population is in informal
Ideally, most businesses should be registered simultaneously with all
government agencies in a few minutes, with only one form and one
The Global Enterprise Registration portal is designed to simplify
The portal allows entrepreneurs to provide comments and feedback on
registration procedures, enabling Governments to improve their
The portal also allows Governments to share solutions and best