Almotamar.net - A report on practice of business activities for 2009 issued lately by International Foundation for Financing and the World Bank (WB) classified Yemen among 9 countries in the world that created reforms in establishment of companies.

The report mentioned that Yemen carried out one of the most radical reforms, which is the reduction of the condition of minimum limit of the capital necessary for the establishment of companies. That condition was considered the second biggest limit in the world, in addition to inauguration of the one-stop shop system for facilitation of completion of companies establishment procedures.

The rep[ort also mentioned that the reforms that Yemen created resulted in Yemen advance to the rank of 25th in the world total order so that to occupy the 98th position among 181 countries the report arranged on basis of easiness in the practice of the businesses activities . last year report has placed Yemen in the 123rd position.

The report arranges countries in the practice of businesses activities on basis of ten indicators concerning the government procedures organizing activities of businesses activities that register necessary time and cost for the completion of government procedures and requirements.