bc8G2-7
bc8G2-7
bc8G2-7
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160<br />
DOING BUSINESS 2015<br />
easier by making online registration<br />
free of charge.<br />
<br />
Protecting minority investors<br />
FYR Macedonia strengthened minority<br />
investor protections by requiring<br />
prior review of related-party transactions<br />
by an external auditor.<br />
<br />
Resolving insolvency<br />
FYR Macedonia made resolving<br />
insolvency easier by establishing a<br />
framework for electronic auctions<br />
of debtors’ assets, streamlining and<br />
tightening the time frames for insolvency<br />
proceedings and the appeals<br />
process and establishing a framework<br />
for out-of-court restructurings.<br />
Madagascar<br />
<br />
Dealing with construction permits<br />
Madagascar made dealing with construction<br />
permits easier by reducing<br />
the time needed to obtain a building<br />
permit.<br />
Malawi<br />
<br />
Starting a business<br />
Malawi made starting a business<br />
easier by streamlining company<br />
name search and registration and by<br />
eliminating the requirement for inspection<br />
of company premises before<br />
issuance of a business license.<br />
<br />
Getting electricity<br />
Malawi reduced the time required<br />
to get electricity by engaging subcontractors<br />
to carry out external<br />
connection works.<br />
Mali<br />
<br />
Dealing with construction permits<br />
Mali made dealing with construction<br />
permits easier by reducing the time<br />
needed to obtain a geotechnical<br />
study.<br />
<br />
Protecting minority investors<br />
Mali strengthened minority investor<br />
protections by introducing greater<br />
requirements for disclosure of<br />
related-party transactions to the<br />
board of directors and by making it<br />
possible for shareholders to inspect<br />
the documents pertaining to relatedparty<br />
transactions and to appoint<br />
auditors to conduct an inspection of<br />
such transactions.<br />
Malta<br />
<br />
Starting a business<br />
Malta made starting a business<br />
easier by creating an electronic link<br />
between the Registrar of Companies<br />
and the Inland Revenue Department<br />
to facilitate issuance of a tax identification<br />
number.<br />
Mauritania<br />
<br />
Starting a business<br />
Mauritania made starting a business<br />
easier by creating a one-stop<br />
shop and eliminating the publication<br />
requirement and the fee to obtain a<br />
tax identification number.<br />
<br />
Getting credit<br />
Mauritania improved its credit<br />
information system by lowering the<br />
minimum threshold for loans to be<br />
included in the registry’s database.<br />
Mauritius<br />
<br />
Starting a business<br />
Mauritius made starting a business<br />
easier by reducing trade license fees.<br />
<br />
Enforcing contracts<br />
Mauritius made enforcing contracts<br />
easier by introducing an electronic<br />
filing system for court users.<br />
Labor market regulation<br />
Mauritius reduced the maximum<br />
duration of fixed-term contracts.<br />
Mexico<br />
<br />
Getting credit<br />
Mexico improved access to credit by<br />
amending its insolvency proceedings<br />
law and establishing clear grounds<br />
for relief from a stay of enforcement<br />
actions by secured creditors during<br />
reorganization procedures. This<br />
reform applies to both Mexico City<br />
and Monterrey.<br />
<br />
Resolving insolvency<br />
Mexico made resolving insolvency<br />
easier by clarifying several rules,<br />
shortening the time extensions<br />
allowed during reorganization, facilitating<br />
the electronic submission of<br />
documents and improving the legal<br />
rights of creditors and other parties<br />
involved in bankruptcy procedures.<br />
This reform applies to both Mexico<br />
City and Monterrey.<br />
Moldova<br />
<br />
Starting a business<br />
Moldova made starting a business<br />
easier by abolishing the minimum<br />
capital requirement.<br />
<br />
Paying taxes<br />
Moldova made paying taxes easier<br />
for companies by introducing an<br />
electronic system for filing and paying<br />
social security contributions.<br />
On the other hand, it increased the<br />
minimum salary used for calculating<br />
the environmental tax liability.<br />
Furthermore, Moldova increased the<br />
employers’ health insurance contribution<br />
rate and introduced new filing<br />
requirements for VAT.<br />
Mongolia<br />
<br />
Protecting minority investors<br />
Mongolia strengthened minority<br />
investor protections by introducing<br />
a requirement for public joint stock<br />
companies to publicly disclose<br />
related-party transactions within 2<br />
business days.<br />
<br />
Paying taxes<br />
Mongolia made paying taxes easier<br />
for companies by introducing an<br />
electronic system for filing corporate<br />
income tax, VAT and social security<br />
contributions.
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