RIO DE JANEIRO, BRAZIL - The average time to open a company in Brazil is one third of what it was in early 2019, dropping to less than 2 days. In 2019, the average time was 5 days and 9 hours, and it is currently 47 hours. The data are contained in the Digital Government platform, linked to the Ministry of Economy.
According to the platform, the reduction is due to simplification measures, digital integration between the 27 state commercial registries and adherence to the Gov.BR platform.
The data show that currently 23 of the 27 commercial registries are using . . .