The duration it takes to establish a legal business framework is measured by the number of calendar days needed to fulfill all essential procedures. This metric encompasses various steps, from registration and acquiring necessary permits to tax compliance and operational approvals. Importantly, it reflects the efficiency of the regulatory environment, illustrating how quickly entrepreneurs can transition from concept to operation. This indicator considers only the most expedited procedures, even if they incur additional expenses, thereby highlighting the interplay between regulatory speed and business costs. A shorter timeline not only signifies a more conducive business climate but also enhances the overall entrepreneurial landscape, fostering economic growth and innovation. Source: