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Business Removing

Doing Business in 2005 -- Removing Obstacles to Growth

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116 DOING BUSINESS IN 2005<br />

MACEDONIA, FYR GNI per capita (US$) 1,980 Population (m) 2.0<br />

Europe & Central Asia<br />

Lower middle income<br />

Starting a business Registering property Protecting investors<br />

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

Time (days) 48 Time (days) 74<br />

Cost (% of income per capita) 11.6 Cost (% of property value) 3.7 Enforcing contracts<br />

Minimum capital (% of income per capita) 89.5 Number of procedures 27<br />

Getting Credit Time (days) 509<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 15.9 Cost (% of debt) 32.8<br />

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

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

Difficulty of firing index 40 Public registry coverage (borrowers/1000 adults) 6 Time of insolvency (years) 3.7<br />

Rigidity of employment index 38 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 38.0<br />

Firing costs (weeks) 38 Recovery rate (cents on the dollar) 7.9<br />

MADAGASCAR GNI per capita (US$) 290 Population (m) 16.9<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

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

Time (days) 44 Time (days) . .<br />

Cost (% of income per capita) 65.3 Cost (% of property value) . . Enforcing contracts<br />

Minimum capital (% of income per capita) 50.7 Number of procedures 29<br />

Getting Credit Time (days) 280<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 39.0 Cost (% of debt) 22.8<br />

Difficulty of hiring index 28 Legal rights of borrowers and lenders 4<br />

Rigidity of hours index 60 Credit information index 3 Closing a business<br />

Difficulty of firing index 60 Public registry coverage (borrowers/1000 adults) 3 Time of insolvency (years) no practice<br />

Rigidity of employment index 49 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) no practice<br />

Firing costs (weeks) 41 Recovery rate (cents on the dollar) 0.0<br />

MALAWI GNI per capita (US$) 170 Population (m) 11.0<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 10 Number of procedures 6 Disclosure Index 2<br />

Time (days) 35 Time (days) 118<br />

Cost (% of income per capita) 140.8 Cost (% of property value) 3.5 Enforcing contracts<br />

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

Getting Credit Time (days) 277<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 44.5 Cost (% of debt) 136.5<br />

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

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

Difficulty of firing index 20 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 2.6<br />

Rigidity of employment index 21 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 90 Recovery rate (cents on the dollar) 17.6<br />

MALAYSIA GNI per capita (US$) 3,780 Population (m) 24.8<br />

East Asia & Pacific<br />

Upper middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 9 Number of procedures 4 Disclosure Index 5<br />

Time (days) 30 Time (days) 143<br />

Cost (% of income per capita) 25.1 Cost (% of property value) 2.2 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 31<br />

Getting Credit Time (days) 300<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 3.2 Cost (% of debt) 20.2<br />

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

Rigidity of hours index 0 Credit information index 6 Closing a business<br />

Difficulty of firing index 10 Public registry coverage (borrowers/1000 adults) 339 Time of insolvency (years) 2.3<br />

Rigidity of employment index 3 Private bureau coverage (borrowers/1000 adults) . . Cost of insolvency (% of estate) 18.0<br />

Firing costs (weeks) 74 Recovery rate (cents on the dollar) 35.4

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