Addressing Informality Through Simplified Enterprise Forms and a Special Legal Status by Gabriel Rizza Ferraz published by DCED (12/2023).
“Micro and small-sized enterprises (MSEs) are critical for economic growth and social inclusion in developing and emerging economies and form the majority of businesses in these countries. They face distinct challenges, particularly in relation to the registration and compliance costs associated with operating in the formal economy. Several countries have introduced legal reforms to encourage enterprise formalisation and facilitate business operation. The formalisation of businesses can lead to increased productivity, investment, and job creation, contributing to economic growth and the transformation of the economy…”
