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Additional Information:
Procedures – represents the total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).
Time – represents the total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.
Balcostics 
Insightful.
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Thanks, straight forward and simple.
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