Bureaucracy doesn't end with registering a company. You may need to also look at what is required to keep it running and the impact of government on incentive

Bureaucracy doesn't end with registering a company. You may need to also look at what is required to keep it running and the impact of government on incentive and profitability. Without a realistic hope of a decent return on the time, money and effort invested, of course people won't bother.