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Business Removing

Doing Business in 2005 -- Removing Obstacles to Growth

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110 DOING BUSINESS IN 2005<br />

GUINEA GNI per capita (US$) 430 Population (m) 7.9<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 13 Number of procedures 6 Disclosure Index 4<br />

Time (days) 49 Time (days) 104<br />

Cost (% of income per capita) 208.2 Cost (% of property value) 15.7 Enforcing contracts<br />

Minimum capital (% of income per capita) 475.4 Number of procedures 44<br />

Getting Credit Time (days) 306<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 31.7 Cost (% of debt) 27.6<br />

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

Rigidity of hours index 80 Credit information index 2 Closing a business<br />

Difficulty of firing index 30 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 3.8<br />

Rigidity of employment index 59 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 133 Recovery rate (cents on the dollar) 22.2<br />

HAITI GNI per capita (US$) 380 Population (m) 8.4<br />

Latin America & Caribbean<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 12 Number of procedures 5 Disclosure Index 1<br />

Time (days) 203 Time (days) 195<br />

Cost (% of income per capita) 176.1 Cost (% of property value) 8.1 Enforcing contracts<br />

Minimum capital (% of income per capita) 182.4 Number of procedures 35<br />

Getting Credit Time (days) 368<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 30.2 Cost (% of debt) 25.0<br />

Difficulty of hiring index 11 Legal rights of borrowers and lenders 2<br />

Rigidity of hours index 40 Credit information index 3 Closing a business<br />

Difficulty of firing index 20 Public registry coverage (borrowers/1000 adults) 3 Time of insolvency (years) 5.7<br />

Rigidity of employment index 24 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 38.0<br />

Firing costs (weeks) 26 Recovery rate (cents on the dollar) 1.5<br />

HONDURAS GNI per capita (US$) 970 Population (m) 7.0<br />

Latin America & Caribbean<br />

Lower middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 13 Number of procedures 7 Disclosure Index 0<br />

Time (days) 62 Time (days) 36<br />

Cost (% of income per capita) 72.9 Cost (% of property value) 8.8 Enforcing contracts<br />

Minimum capital (% of income per capita) 37.0 Number of procedures 36<br />

Getting Credit Time (days) 545<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 36.6 Cost (% of debt) 33.1<br />

Difficulty of hiring index 22 Legal rights of borrowers and lenders 5<br />

Rigidity of hours index 40 Credit information index 3 Closing a business<br />

Difficulty of firing index 30 Public registry coverage (borrowers/1000 adults) 61 Time of insolvency (years) 3.7<br />

Rigidity of employment index 31 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 46 Recovery rate (cents on the dollar) 21.5<br />

HONG KONG, CHINA GNI per capita (US$) 25,430 Population (m) 6.8<br />

East Asia & Pacific<br />

High income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 5 Number of procedures 3 Disclosure Index 6<br />

Time (days) 11 Time (days) 56<br />

Cost (% of income per capita) 3.4 Cost (% of property value) 2.0 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 16<br />

Getting Credit Time (days) 211<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 0.2 Cost (% of debt) 12.9<br />

Difficulty of hiring index 0 Legal rights of borrowers and lenders 10<br />

Rigidity of hours index 0 Credit information index 4 Closing a business<br />

Difficulty of firing index 0 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 1.0<br />

Rigidity of employment index 0 Private bureau coverage (borrowers/1000 adults) 615 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 13 Recovery rate (cents on the dollar) 82.3

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