Shallow firm creation

New entities registered each year

Note: A sole trader is not incorporated under Timor-Leste’s companies act and requires no paid-up capital; a sole proprietor refers to an individually owned business registered under the companies act, with a single shareholder and a minimum paid-up capital of US$1
Source: TIMOR-LESTE'S BUSINESS REGISTRATION AND VERIFICATION SERVICE (SERVE, I.P.)
GRAPHIC: hyrie rahmat, bt