Methodology[ edit ] The report is above all, a benchmark study of regulation. The survey consists of a questionnaire designed by the Doing Business team with the assistance of academic advisers. The questionnaire centers on a simple business case that ensures comparability across economies and over time.
For-profit companies[ edit ] Best practices The Arab Republic of Egypt was among the top ten global Doing Business reformers in four of the seven years from Egypt centralized start-up paperwork in a single building, where company charters were to be submitted electronically and reapproved by the registry on the spot.
The number of procedures was supposed to fall from 10 to 7. The entrepreneur can now register for taxes at the chamber of commerce directly through the one-stop shop. As a result of the reforms, the start-up time and costs were supposedly cut by more than half.
Alexandria and Assiutfollowed the model in Cairo, although both cities have to send a fax to the central commercial registry in Cairo to check that the company name has not been used. A computerization project is underway so that one-stop shops outside Cairo can issue the tax registration card locally.
Nigeria is ranked among economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Nigeria deteriorated to in from in Ease of Doing Business in Nigeria averaged from until , reaching an all time high of in and a record low of in Turkey in Doing Business Report Turkey ranked 73d among countries in the World Bank Group’s Ease of Doing Business rankings, down from 63d place last timberdesignmag.com Doing Business report highlights Turkey’s progress in the “getting credit” reform area, noting that Turkey’s. Governments in economies carried out business reforms in the past year to create jobs, attract investment and become more competitive, says the World Bank Group’s latest Doing Business Reforming to Create Jobs report.
Two reforms in two years significantly cut construction-related licensing costs for builders. However, the municipality does not start counting the 30 days until all pre-approval procedures are completed. Egypt was the top reformer. It established a single window for trade documentation and merged 26 approvals into 5.
A time limit of 2 days for clearing customs applied. Improvements were part of a broader reform that cut the number of tariff bands from 27 to 6 and simplified inspections. The inspiration was the association agreement with the European Union. New one stop shops were launched for traders at the ports, cutting the time to import by seven days and the time to export by five.
GDP growth increased from 4. New regulations issued by the Central Bank of Egyptgave borrowers the right to inspect their data in the private credit bureau.
And according to GAFI: The GAFI one-stop shop is a good idea but the implementation needs to be improved, according to local experts. Sinceone-stop shops cut on average 5 procedures and more than halved delays in 24 countries. Communicate reforms to the public: Most reformers are bad marketers, according to Doing Business Advertising the changes can ensure that entrepreneurs know how much easier registration has become.
Egypt's successful marketing campaign after tax reforms in is a good example to follow. Allow online start-up registration: From single window concept, Egypt can bring it to the ultimate process which is online registration.
Technology can create a unified database of business information to be shared across districts, governorates and government agencies. Egypt took the first step by certifying without delay that the company name is not already in use.
The next step is to allow entrepreneurs to search for the company name online. The internet can also provide them with other information such as details on procedures, fee schedules and working hours of the relevant agencies. With some simple legislation to allow electronic signatures, the internet can be used to file business registrations.
Create one-stop shops for licenses and permits: Governorates and other sectors of the government can follow the system in GAFI one stop shops for business start-ups.As the World Cup opens, a tale about winning dirty: How a swindling suburban soccer dad pocketed millions as he helped make the sport in the U.S a booming success.
Ease of doing business index (1=most business-friendly regulations) from The World Bank: Data. Doing Business Going Beyond Eﬃciency COMPARING BUSINESS REGULATIONS FOR DOMESTIC FIRMS IN ECONOMIES A World Bank Group Flagship Report. Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News.
This economy profile for Doing Business presents the 11 Doing Business indicators for Tanzania. To allow for useful comparison, the profile also provides data for other selected economies (comparator economies) for each indicator.
Doing Business is . Doing business (English) Abstract. Doing Business in Kenya is the second subnational report of the Doing Business series in Kenya.
In , Doing Business in Kenya analyzed quantitative indicators on business regulations for 11 cities: Eldoret, Garissa, Isiolo, Kilifi, Kisumu.