Ease of doing business refers to the level of difficulty or simplicity involved in starting and operating a business in a particular country or region. It comprises regulatory environment, bureaucratic procedures, legal frameworks, and efficiency of government services, among other factors. Countries that have enhanced ease of doing business typically follow good regulatory practices (GRP) based on assessments of risk and streamlined and transparent stakeholder consultations to encourage entrepreneurship, investment, and economic growth.
91proÊÓÆµ and its members have developed guidance to encourage a public-private dialogue that leads to the most effective and efficient regulatory schemes that enhance ease of doing business. This is meant to inform policymakers and regulators in their quest to develop regulations that safeguard consumers, human health, and environment while also inviting innovation and investment into their economies.