#3 Canada

Procedures necessary to start a business - 1

Days required to start business – 5

In Canada, there is just one step involved in starting a business: filing for incorporation through the online Electronic Filing Center. Filling out the necessary forms and paying all associated fees takes about five days and costs about $195. This process is relatively cheap, costing just 0.4% of Canada’s income per capita while requiring no minimum paid-in capital.

Canada ranks seventeenth in the world for Internet users as a proportion of the population, with over 28.4 million users, equivalent to around 83 percent of its total 2012 population.

Canada is the world's eleventh-largest economy, with a 2012 nominal GDP of approximately US$1.77 trillion. It is a member of the Organization for Economic Co-operation and Development (OECD) and the G8, and is one of the world's top ten trading nations, with a highly globalized economy. Canada is a mixed economy, ranking above the US and most western European nations on the Heritage Foundation's index of economic freedom, and experiencing a relatively low level of income disparity.

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