Starting a business (especially for foreigners) is like becoming a prostitute. To make money, you have to get screwed. Doing well? Business a success? Don't let it show. Before you know it, you’ll have regulators performing the proverbial colorectal exam. I met a gentleman working for the World Bank who said his office tried to acquire a list of safety code regulations to ensure compliance. The relevant regulatory ministry told them they don’t give out that information. More compliance. Fewer bribes. I heard stories of business owners in the outlying regions coming to their shops in the morning only to find doors padlocked. One unfortunate soul was forced to pony up $3000 to facilitate removal…

Read More