Incorporation is the first step when expanding business into a
new jurisdiction. It is a process which varies significantly across
the globe, in terms of both complexity and the time taken.
Intricate processes and local cultural norms can cause unnecessary
and costly delays to companies as they seek to set up in a new
market.
Organisations must plan for the various interactions that may be
required with numerous state bodies. It is therefore very important
for companies to consider the time that incorporation may take when
developing their expansion strategy for a particular target
jurisdiction.
The length of the incorporation process can vary
significantly
In 27% of the jurisdictions surveyed for TMF Group's Global
Business Complexity Index 2021 (GBCI), incorporation takes less
than a week on average. However, this rate rises to around 60%
among those jurisdictions ranked as the simplest in this year's
GBCI ranking. This demonstrates that complexity, or lack
