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Creating a Favorable Business Environment: Case Study on Firm Registration Process in Uzbekistan

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  • Gofurov Ubaydulla

    (Banking and Finance Academy of the Republic of Uzbekistan)

Abstract

The development of national economy in many respects depends on conditions such as freedom and guarantees, privileges and preferences so that entrepreneurial activities prosper within a better entrepreneurial environment. While the development extent of entrepreneurial environment is defined by several indexes, the processes and documentation as a part of state registration of entrepreneurial activity have a special value among them. In this article, in consideration of exemplary entrepreneurial environment practices in different developed countries, the successes and shortcomings of Uzbek experience and some important theoretical rules on the creation of such favorable and friendly entrepreneurship conditions are discussed. We find that in order to increase the share of small business and entrepreneurship there is a need to systematically improve the mechanisms of state regulation of organization and registration processes of business entities. A system of incentives should be introduced in the registration process such as optimization of its time, increasing the number of business entities

Suggested Citation

  • Gofurov Ubaydulla, 2015. "Creating a Favorable Business Environment: Case Study on Firm Registration Process in Uzbekistan," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(4), pages 59-72, March.
    • Handle: RePEc:mgs:ijmsba:v:1:y:2015:i:4:p:59-72
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    References listed on IDEAS

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    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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