Strategies of the Development of Entrepreneurship and SME

RankDocuments for export(number)Trading Across Borders Enforcing Contracts Closing a BusinessTime for export (days)Cost to export (US$ percontainer)Documents for import(number)Time for import (days)Cost to import (US$per container)70 7 21 745 9 22 750 74 39 390 31.8 178RankProcedures (number)Time (days)Cost (% ofdebt)RankTime (years)nopracticeSource: http://www.doingbusiness.org/customquery/ViewCustomReport.aspxCost (% of estate)Recovery rate (centson the dollar)nopractice 0In the framework of Regulatory Reform, businesses in Albania are only required to registeronce with the country’s tax authorities. A new Law on business registration reform was enacted bythe Parliament on 3 May 2007. Law No. 9723 “Law on the National Registration Center”establishes the National Registration Center (NRC) as a new central public institution. TheNational Registration Center has opened in September 2007. and all business activity can beregistered in one day with a cost of 1 Euro at the One-Stop-Shop Office.Albania’s entire legal business licensing system is under revision. The purpose of thisprocess is to adjust licensing legislation to the “Acquis Communaitaire” as well as to reduceadministrative barriers for businesses operating in Albania. The Albanian Parliament has alreadyratified the revised licensing legislation on mining and public works while those of other sectors arestill in progress.Table 4 summarizes the procedures and costs associated with setting up a business in Albania:18