Creating

108 DOING BUSINESS IN 2006
Enforcing Contracts
JANUARY 2005
Closing a Business
JANUARY 2005
Recovery
rate
Procedures Time Cost Time Cost (cents on
Economy (number) (days) (% of debt) (years) (% of estate) the dollar)
Guyana . . 525 24.4 1.5 42.0 16.7
Haiti 35 368 25.0 5.7 29.5 2.9
Honduras 36 545 33.1 3.8 8.0 21.9
Hong Kong, China 16 211 12.9 1.1 9.0 81.2
Hungary 21 365 8.1 2.0 14.5 35.7
Iceland 14 158 9.3 1.0 3.5 81.7
India 40 425 43.1 10.0 9.0 12.8
Indonesia 34 570 126.5 5.5 18.0 13.1
Iran 23 545 12.0 4.5 9.0 19.3
Iraq 65 320 10.5 . . . . . .
Ireland 16 217 21.1 0.4 9.0 88.0
Israel 27 585 22.1 4.0 23.0 42.8
Italy 18 1390 17.6 1.2 22.0 40.0
Jamaica 18 202 27.8 1.1 18.0 63.9
Japan 16 60 8.6 0.6 3.5 92.6
Jordan 43 342 8.8 4.3 9.0 27.9
Kazakhstan 47 380 8.5 3.3 18.0 19.9
Kenya 25 360 41.3 4.5 22.0 15.0
Kiribati 18 440 71.0 2.7 38.0 14.1
Korea 29 75 5.4 1.5 3.5 81.7
Kuwait 52 390 13.3 4.2 1.0 38.3
Kyrgyz Republic 46 492 47.9 3.5 4.0 19.7
Lao PDR 53 443 30.3 5.0 76.0 0.0
Latvia 20 186 10.4 1.1 4.0 83.1
Lebanon 39 721 26.7 4.0 22.0 18.6
Lesotho 49 285 23.9 2.6 8.0 35.9
Lithuania 17 154 9.1 1.2 7.0 53.6
Macedonia, FYR 27 509 32.8 3.7 28.0 15.4
Madagascar 29 280 22.8 NO PRACTICE NO PRACTICE 0.0
Malawi 16 277 136.5 2.6 29.5 12.3
Malaysia 31 300 20.2 2.3 14.5 38.8
Maldives 28 434 8.7 6.7 4.0 18.0
Mali 28 340 34.6 3.6 18.0 6.3
Marshall Islands 34 440 95.9 5.3 38.0 4.0
Mauritania 28 410 29.3 8.0 9.0 8.1
Mauritius 17 367 8.6 2.0 14.5 31.1
Mexico 37 421 20.0 1.8 18.0 64.1
Micronesia 28 410 124.4 5.3 38.0 3.3
Moldova 37 340 16.2 2.8 9.0 27.3
Mongolia 26 314 22.6 4.0 8.0 17.0
Morocco 17 240 17.7 1.8 18.0 35.1
Mozambique 38 580 16.0 5.0 9.0 13.3
Namibia 31 270 28.3 1.0 14.5 45.3
Nepal 28 350 25.8 5.0 9.0 23.9
Netherlands 22 48 17.0 1.7 1.0 86.7
New Zealand 19 50 4.8 2.0 3.5 71.0
Nicaragua 20 155 16.3 2.2 14.5 33.8
Niger 33 330 42.0 5.0 18.0 2.6
Nigeria 23 730 37.2 1.5 22.0 31.1
Norway 14 87 4.2 0.9 1.0 91.1
Oman 41 455 10.0 7.0 3.5 24.9
Pakistan 46 395 35.2 2.8 4.0 44.3