The Involvement of Third-Party Professionals in Business Registration and Property Transfer

Indicators Group Research Note, World Bank Research and Development Center in Chile, No. 2/October 2019

4 Pages Posted: 19 May 2020

See all articles by Cyriane Marie Coste

Cyriane Marie Coste

World Bank Group

Marie-Lily Delion

World Bank Group

Frédéric Meunier

World Bank

Adrian Gonzalez

World Bank Group

Nathalie Reyes

affiliation not provided to SSRN

Yuriy Valentinovich Abramov

World Bank Group

Date Written: April 20, 2020

Abstract

Complex business regulations and bureaucratic processes tend to be obstacles for new entrepreneurs. To navigate these processes as smoothly as possible, entrepreneurs may solicit the services of third-party professionals. Whether in business incorporation or land transactions, third-party agents provide professional assistance and ensure that certain processes comply with the regulations in place. Depending on the economy and the specific regulatory process, these professionals can be lawyers, notaries or accountants, among others. This policy note explores the role of third-party professionals in the areas of starting a business and registering property in 168 economies and analyzes some of the differences in terms of time and costs for services provided by third-party professionals, as well as trends and reforms over time. The doing business indicator sets for these areas are used to benchmark the steps, cost, and time to incorporate a business and to transfer a property.

Keywords: Doing Business, Business Regulation, Business Incorporation, Land Transactions, Third Parties

Suggested Citation

Coste, Cyriane Marie and Delion, Marie-Lily and Meunier, Frédéric and Gonzalez, Adrian and Reyes, Nathalie and Abramov, Yuriy Valetinovich, The Involvement of Third-Party Professionals in Business Registration and Property Transfer (April 20, 2020). Indicators Group Research Note, World Bank Research and Development Center in Chile, No. 2/October 2019, Available at SSRN: https://ssrn.com/abstract=3581181

Cyriane Marie Coste

World Bank Group ( email )

10 Marina Boulevard
Marina Bay Financial Center, Tower 2, #34-02
Singapore, DC 018983
Singapore

Marie-Lily Delion

World Bank Group ( email )

10 Marina Boulevard
Marina Bay Financial Center, Tower 2, #34-02
Singapore, DC 018983
Singapore

Frédéric Meunier

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Adrian Gonzalez (Contact Author)

World Bank Group ( email )

2121 Pennsylvania Avenue, NW
Washington, DC 20433
United States

HOME PAGE: http://www.doingbusiness.org

Nathalie Reyes

affiliation not provided to SSRN

Yuriy Valetinovich Abramov

World Bank Group ( email )

10 Marina Boulevard
Marina Bay Financial Center, Tower 2, #34-02
Singapore, DC 018983
Singapore

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