Starting a Business measures all procedures, as well as the time, cost, and paid-in minimum capital required for an entrepreneur to start up or incorporate and formally operate a business. In the Doing Business Report, the business is assumed to be a corporation to be registered in Quezon City. On this indicator, the Philippines currently ranks 161st out of 185 economies. The process requires 16 steps and takes 36 days. This has been reduced to 11 steps and 11 days. This is just one step and day short of the committed target.