Question

Country Days to Start a Business Days to Obtain a Business License

Answer 1

Answer:

The correct answer is - D) Saudi Arabia.

Explanation:

Economic freedom is the ability of people to take economic actions in the country. In Saudi Arabia it takes the least amount of days to start a business and to obtain a business license, comparing to other presented countries.

Here it takes 5 days to create a company (namely, registering its name, address and owners) and 105 days to obtain a licence to operate in the country.

Company can be functional and legal, even without business licence, but in most cases, a business licence is needed to carry out its business activities at full. For example, to participate in a tender.