Donna Rosa’s Post

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Humanitarian award winner providing remote business coaching to entrepreneurs in developing countries and emerging economies. Founder and Chief Entrepreneurship Officer at EFour Enterprises.

I’ve long said that government policies are instrumental in facilitating and encouraging small business growth. These two countries are proof of that. According to The World Bank Estonia has the highest rate of new business density on the planet. New business density is the number of limited liability companies per 1000 adults. It shot from 13.2 new LLCs in 2006 to 24.3 in 2022, nearly doubling. Cabo Verde has the most growth over time, exploding 10X from 1.8 new LLCs in 2008 to 18.5 in 2022. What they have in common is that their governments enacted laws that incentivized new businesses. Estonia made it easy for foreigners to access services, such as starting and operating an online business via an e-Residency program. About 20% of Estonian companies registered annually were owned by e-residents from 2019-2022. In Cabo Verde you can register an LLC in one day -- for free. Understand that these reforms took place over time—decades in fact.  Sound decisions, good planning, and sufficient resources are needed to properly execute such programs. But, well, the results speak for themselves. #entrepreneurship #businessenablement #Estonia #CaboVerde https://lnkd.in/eYpJmfKe

Global entrepreneurship trends in 5 charts

Global entrepreneurship trends in 5 charts

blogs.worldbank.org

Leona Melius-Mathurin

Sustainable Project Management Consultant at Apex Strategy 4.0

5mo

Well said!

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