Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
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uying products or services at higher than <strong>the</strong> market price; increase <strong>of</strong> state–owned equity atenterprises or increase <strong>of</strong> its value.The law No. 8636, dated on 6 July 2001. “<strong>the</strong> Law on Free Zones” regulates <strong>the</strong>establishment, functioning, supervision <strong>and</strong> control <strong>of</strong> free zones. The National entity <strong>of</strong> FreeZones is established for <strong>the</strong> purposes <strong>of</strong> licensing, establishment <strong>and</strong> administration <strong>of</strong> freezones, as <strong>the</strong> sole authority in Albania, responsible for <strong>the</strong> pursuance <strong>of</strong> development <strong>and</strong>functioning <strong>of</strong> free zones.Table 3 contents list <strong>of</strong> some measures <strong>of</strong> business regulations <strong>and</strong> <strong>the</strong>ir enforcement related toAlbanian economy:Table 3.Economy YearEase <strong>of</strong>DoingBusinessRankRankProcedures (number)Starting a BusinessTime (days)Cost (% <strong>of</strong> incomeper capita)Min. capital (% <strong>of</strong>income per capita)Dealing with LicensesRankProcedures (number)Time (days)Cost (% <strong>of</strong> incomeper capita)Albania 2007 136 123 10 36 20.9 34.3 168 24 331 461RankDifficulty <strong>of</strong>Hiring IndexRigidity <strong>of</strong> HoursIndexEmploying WorkersDifficulty <strong>of</strong>Firing IndexRigidity <strong>of</strong>EmploymentIndexNonwage laborcost (% <strong>of</strong> salary)Firing costs(weeks <strong>of</strong> wages)RankRegistering PropertyProcedures(number)Time (days)Cost (% <strong>of</strong>property value)109 44 40 20 35 22 56 82 7 47 3.5Getting Credit Protecting Investors Paying TaxesRankLegal Rights IndexCredit Information IndexPublic registry coverage(% adults)Private bureau coverage(% adults)RankDisclosure IndexDirector Liability IndexShareholderSuits IndexInvestor Protection IndexRankPayments (number)Time (hours)Pr<strong>of</strong>it tax (%)Labor tax <strong>and</strong>contributions (%)O<strong>the</strong>r taxes (%)Total tax rate (% pr<strong>of</strong>it)48 9 0 0 0 165 0 5 3 2.7 118 44 240 18 24.5 4.6 46.817