Poland advances in Global Benchmark Complexity Index
11:10
Poland ranked 17th in this year's Global Benchmark Complexity Index compiled by TMF Group, thus it jumped up by 10 spots on a yearly basis.
Poland took 17th place in the world and, at the same time, 2nd in Europe, therefore our country has Europe's second most complicated system for business. Nevertheless, the advance was thanks to a new law easing the process of starting a firm "Changes in Commercial Company Codes have reduced formalities and helped to streamline the procedures for amending the registration of firms," the report read.
Poland performed better than, among others, Hungary, Japan or South Korea.
Global Benchmark Complexity Index 2015 ranks jurisdictions according to their complexity from a corporate secretarial perspective, and is based on results from a survey conducted across TMF Group offices around the world. This year, 20 additional jurisdictions have been included, increasing the total number covered to 95.
The full report is available here.
