Economy Profile: Burundi - Doing Business

More documents

Recommendations

Info

Doing Business 2013 Burundi 50 No. Procedure property. Time to complete Cost to complete Buyer subsequently picks up the tax clearance certificate and the rapport contre-expertise from the Office Burundais des Recettes (OBR) - Departement des Impots, to deliver them to the Land Registry, for final registration. * Inspection by the Technician of Office Burundais des Recettes and writing of his report 7 Technician has to write a report referred to ‘rapport contre d’expertise 1 day (simultaneous (i.e. contre the report done by the Land Registry) and then issue the with procedure 6) attestations. The attestations and the rapport contre d’expertise can then be picked up by the buyer when the technician is done writing his report. No cost Obtain the new title from the Land Registry "Registre des Titres Fonciers" 8 The parties should file a request with the Land Registry “Registre des Titres Fonciers” for the transfer of property to the buyer’s name. The only documents the parties are required to present are the notarized sale contract, the property title, the rapport contre-expertise, and the tax clearance certificates. The Land Registry employees have to perform due diligence and might do a field inspection of the land. The former 7% additional tax has been abolished by "Loi No 1/38 du 30 décembre 2006". The “Loi des Finances 2007” (article 35) adopted on December 30, 2007 and implemented in January 2008, has abolished the property transfer tax of 6%. Article 36 of the same law, authorizes the Land Registry “département des titres fonciers” to charge a 3% of the property value for all transactions. 30 days 3% property value (tax to change the Property Title to the buyer's name) * Takes place simultaneously with another procedure. Source: Doing Business database.
Doing Business 2013 Burundi 51 GETTING CREDIT Two types of frameworks can facilitate access to credit and improve its allocation: credit information systems and the legal rights of borrowers and lenders in collateral and bankruptcy laws. Credit information systems enable lenders to view a potential borrower’s financial history (positive or negative)—valuable information to consider when assessing risk. And they permit borrowers to establish a good credit history that will allow easier access to credit. Sound collateral laws enable businesses to use their assets, especially movable property, as security to generate capital—while strong creditors’ rights have been associated with higher ratios of private sector credit to GDP. What do the indicators cover? Doing Business assesses the sharing of credit information and the legal rights of borrowers and lenders with respect to secured transactions through 2 sets of indicators. The depth of credit information index measures rules and practices affecting the coverage, scope and accessibility of credit information available through a public credit registry or a private credit bureau. The strength of legal rights index measures whether certain features that facilitate lending exist within the applicable collateral and bankruptcy laws. Doing Business uses case scenarios to determine the scope of the secured transactions system, involving a secured borrower and a secured lender and examining legal restrictions on the use of movable collateral. These scenarios assume that the borrower: • Is a private, limited liability company. • Has its headquarters and only base of operations in the largest business city. WHAT THE GETTING CREDIT INDICATORS MEASURE Strength of legal rights index (0–10) Protection of rights of borrowers and lenders through collateral laws Protection of secured creditors’ rights through bankruptcy laws Depth of credit information index (0–6) Scope and accessibility of credit information distributed by public credit registries and private credit bureaus Public credit registry coverage (% of adults) Number of individuals and firms listed in public credit registry as percentage of adult population Private credit bureau coverage (% of adults) Number of individuals and firms listed in largest private credit bureau as percentage of adult population • Has 100 employees. • Is 100% domestically owned, as is the lender. The ranking on the ease of getting credit is based on the percentile rankings on the sum of its component indicators: the depth of credit information index and the strength of legal rights index.
Page 1 and 2: Economy Profile: Burundi
Page 3 and 4: Doing Business 2013 Burundi 3 CONTE
Page 5 and 6: Doing Business 2013 Burundi 5 THE B
Page 11 and 12: Doing Business 2013 Burundi 11 Indi
Page 13 and 14: Doing Business 2013 Burundi 13 Indi
Page 15 and 16: Doing Business 2013 Burundi 15 STAR
Page 23 and 24: Doing Business 2013 Burundi 23 DEAL
Page 31 and 32: Doing Business 2013 Burundi 31 No.
Page 33: Doing Business 2013 Burundi 33 No.
Page 36 and 37: Doing Business 2013 Burundi 36 GETT
Page 42 and 43: Doing Business 2013 Burundi 42 REGI
Page 58 and 59: Doing Business 2013 Burundi 58 PROT
Page 66 and 67: Doing Business 2013 Burundi 66 Whet
Page 68 and 69: Doing Business 2013 Burundi 68 PAYI
Page 74 and 75: Doing Business 2013 Burundi 74 Tax
Page 76 and 77: Doing Business 2013 Burundi 76 TRAD
Page 84 and 85: Doing Business 2013 Burundi 84 ENFO
Page 96 and 97: Doing Business 2013 Burundi 96 RESO
Page 98 and 99: Doing Business 2013 Burundi 98 RESO
Page 100 and 101:
Doing Business 2013 Burundi 100 RES
Page 102 and 103:
Doing Business 2013 Burundi 102 EMP
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Doing Business 2013 Burundi 108 DAT
Page 110 and 111:
Doing Business 2013 Burundi 110 tax
Page 112 and 113:
Doing Business 2013 Burundi 112 the
Page 114:
Doing Business 2013 Burundi 114
show all

Economy Profile: Burundi - Doing Business

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?