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Business Removing

Doing Business in 2005 -- Removing Obstacles to Growth

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102 DOING BUSINESS IN 2005<br />

BRAZIL GNI per capita (US$) 2,710 Population (m) 176.6<br />

Latin America & Caribbean<br />

Lower middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 17 Number of procedures 14 Disclosure Index 5<br />

Time (days) 152 Time (days) 42<br />

Cost (% of income per capita) 11.7 Cost (% of property value) 2.0 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 25<br />

Getting Credit Time (days) 566<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 21.4 Cost (% of debt) 15.5<br />

Difficulty of hiring index 67 Legal rights of borrowers and lenders 2<br />

Rigidity of hours index 80 Credit information index 6 Closing a business<br />

Difficulty of firing index 70 Public registry coverage (borrowers/1000 adults) 78 Time of insolvency (years) 10.0<br />

Rigidity of employment index 72 Private bureau coverage (borrowers/1000 adults) 425 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 165 Recovery rate (cents on the dollar) 0.2<br />

BULGARIA GNI per capita (US$) 2,130 Population (m) 7.8<br />

Europe & Central Asia<br />

Lower middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 11 Number of procedures 9 Disclosure Index 2<br />

Time (days) 32 Time (days) 19<br />

Cost (% of income per capita) 10.3 Cost (% of property value) 2.4 Enforcing contracts<br />

Minimum capital (% of income per capita) 116.6 Number of procedures 34<br />

Getting Credit Time (days) 440<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 1.0 Cost (% of debt) 14.0<br />

Difficulty of hiring index 33 Legal rights of borrowers and lenders 6<br />

Rigidity of hours index 40 Credit information index 4 Closing a business<br />

Difficulty of firing index 10 Public registry coverage (borrowers/1000 adults) 13 Time of insolvency (years) 3.3<br />

Rigidity of employment index 28 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 30 Recovery rate (cents on the dollar) 34.2<br />

BURKINA FASO GNI per capita (US$) 300 Population (m) 12.1<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 13 Number of procedures 8 Disclosure Index 1<br />

Time (days) 135 Time (days) 107<br />

Cost (% of income per capita) 152.8 Cost (% of property value) 16.2 Enforcing contracts<br />

Minimum capital (% of income per capita) 498.6 Number of procedures 41<br />

Getting Credit Time (days) 458<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 22.2 Cost (% of debt) 92.5<br />

Difficulty of hiring index 100 Legal rights of borrowers and lenders 4<br />

Rigidity of hours index 100 Credit information index 2 Closing a business<br />

Difficulty of firing index 70 Public registry coverage (borrowers/1000 adults) 2 Time of insolvency (years) 4.0<br />

Rigidity of employment index 90 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 80 Recovery rate (cents on the dollar) 6.4<br />

BURUNDI GNI per capita (US$) 100 Population (m) 7.2<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 11 Number of procedures 5 Disclosure Index 1<br />

Time (days) 43 Time (days) 94<br />

Cost (% of income per capita) 191.5 Cost (% of property value) 18.1 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 51<br />

Getting Credit Time (days) 512<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 38.3 Cost (% of debt) 35.0<br />

Difficulty of hiring index 50 Legal rights of borrowers and lenders . .<br />

Rigidity of hours index 40 Credit information index 2 Closing a business<br />

Difficulty of firing index 60 Public registry coverage (borrowers/1000 adults) 2 Time of insolvency (years) 4.0<br />

Rigidity of employment index 50 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 18.0<br />

Firing costs (weeks) 41 Recovery rate (cents on the dollar) 16.4

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