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Business Removing

Doing Business in 2005 -- Removing Obstacles to Growth

Doing Business in 2005 -- Removing Obstacles to Growth

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112 DOING BUSINESS IN 2005<br />

IRELAND GNI per capita (US$) 26,960 Population (m) 3.9<br />

OECD: High income<br />

High income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 4 Number of procedures 5 Disclosure Index 6<br />

Time (days) 24 Time (days) 38<br />

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

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

Getting Credit Time (days) 217<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 3.2 Cost (% of debt) 21.1<br />

Difficulty of hiring index 28 Legal rights of borrowers and lenders 8<br />

Rigidity of hours index 40 Credit information index 5 Closing a business<br />

Difficulty of firing index 20 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 0.4<br />

Rigidity of employment index 29 Private bureau coverage (borrowers/1000 adults) 1000 Cost of insolvency (% of estate) 0.1<br />

Firing costs (weeks) 52 Recovery rate (cents on the dollar) 88.9<br />

ISRAEL GNI per capita (US$) 16,020 Population (m) 6.7<br />

Middle East & North Africa<br />

High income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 5 Number of procedures 7 Disclosure Index 7<br />

Time (days) 34 Time (days) 144<br />

Cost (% of income per capita) 5.5 Cost (% of property value) 7.5 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 27<br />

Getting Credit Time (days) 585<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 4.0 Cost (% of debt) 22.1<br />

Difficulty of hiring index 0 Legal rights of borrowers and lenders 8<br />

Rigidity of hours index 80 Credit information index 4 Closing a business<br />

Difficulty of firing index 20 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 4.0<br />

Rigidity of employment index 33 Private bureau coverage (borrowers/1000 adults) 11 Cost of insolvency (% of estate) 23.0<br />

Firing costs (weeks) 90 Recovery rate (cents on the dollar) 38.0<br />

ITALY GNI per capita (US$) 21,560 Population (m) 57.6<br />

OECD: High income<br />

High income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 9 Number of procedures 8 Disclosure Index 5<br />

Time (days) 13 Time (days) 27<br />

Cost (% of income per capita) 16.2 Cost (% of property value) 1.3 Enforcing contracts<br />

Minimum capital (% of income per capita) 11.2 Number of procedures 18<br />

Getting Credit Time (days) 1390<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 3.7 Cost (% of debt) 17.6<br />

Difficulty of hiring index 61 Legal rights of borrowers and lenders 3<br />

Rigidity of hours index 60 Credit information index 6 Closing a business<br />

Difficulty of firing index 30 Public registry coverage (borrowers/1000 adults) 79 Time of insolvency (years) 1.2<br />

Rigidity of employment index 50 Private bureau coverage (borrowers/1000 adults) 571 Cost of insolvency (% of estate) 18.0<br />

Firing costs (weeks) 47 Recovery rate (cents on the dollar) 43.5<br />

JAMAICA GNI per capita (US$) 2,760 Population (m) 2.6<br />

Latin America & Caribbean<br />

Lower middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 7 Number of procedures 5 Disclosure Index 2<br />

Time (days) 31 Time (days) 54<br />

Cost (% of income per capita) 15.4 Cost (% of property value) 13.5 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 18<br />

Getting Credit Time (days) 202<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) . . Cost (% of debt) 27.8<br />

Difficulty of hiring index 11 Legal rights of borrowers and lenders 6<br />

Rigidity of hours index 20 Credit information index 0 Closing a business<br />

Difficulty of firing index 0 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 1.1<br />

Rigidity of employment index 10 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 18.0<br />

Firing costs (weeks) 12 Recovery rate (cents on the dollar) 63.5

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