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Small and medium-sized enterprises (SMEs)

Start-up procedures: progress in 2012

Start-up procedures: progress in 2012

In 2012 average time and cost to start-up a private limited company was 5.4 days and cost was €372.
In 2011 average time and cost to start-up a private limited company was 6.5 days and cost was €397.
In 2010 average time and cost to start-up a private limited company was 7 days and cost was €399.
In 2009 average time and cost to start-up a private limited company was 8 days and cost was €417.
In 2008 average time and cost to start-up a private limited company was 9 days and cost was €463.
In 2007 average time and cost to start-up a private limited company was 12 days and cost was €485.

The reduction in average times is due mostly to simplifications implemented in Poland, Netherlands, Bulgaria and Luxembourg. The reduction in average cost is due mostly to simplifications implemented in Netherlands, Poland and Bulgaria.

From 2011 target cost to start-up a company: €100

The conclusions of the Competitiveness Council of 31st May 2011 included a call to Member States "to reduce the start-up time for new enterprises to 3 days and the cost to €100 by 2012".

"The Council's Action Plan for a Small Business Act for Europe" of 2010 already asked Member States to bring down start-up times to 3 working days.

Under these new benchmarks the aggregate situation of Member States in relation to the 3 objectives earmarked for administrative simplification for start-ups are: 

 

Number of Member States

 

Accomplished

Not accomplished

One-stop-shop

20

7

Time

12

15

Cost

7

20

 

3 countries comply with all three objectives: Denmark, Romania and Slovenia.
11 countries comply with 2 of the 3 objectives: Belgium, Bulgaria, Estonia, France, Hungary, Ireland, Italy, Luxemburg, Netherlands Portugal, and United Kingdom.
8 countries comply with 1 of the 3 objectives:  Austria, Cyprus, Finland, Lithuania, Malta, Poland, Spain and Sweden.
5 countries do not comply with ANY of the objectives: Czech Republic, Germany, Greece, Latvia, and Slovakia.

Country by country information

For a more detailed, country by country information:

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