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Business Removing

Doing Business in 2005 -- Removing Obstacles to Growth

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124 DOING BUSINESS IN 2005<br />

SAUDI ARABIA GNI per capita (US$) 8,530 Population (m) 22.5<br />

Middle East & North Africa<br />

Upper middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 12 Number of procedures 4 Disclosure Index 2<br />

Time (days) 64 Time (days) 4<br />

Cost (% of income per capita) 69.7 Cost (% of property value) 0.0 Enforcing contracts<br />

Minimum capital (% of income per capita) 1549.5 Number of procedures 44<br />

Getting Credit Time (days) 360<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 0.0 Cost (% of debt) 20.0<br />

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

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

Difficulty of firing index 0 Public registry coverage (borrowers/1000 adults) 1 Time of insolvency (years) 2.8<br />

Rigidity of employment index 13 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 18.0<br />

Firing costs (weeks) 79 Recovery rate (cents on the dollar) 31.7<br />

SENEGAL GNI per capita (US$) 550 Population (m) 10.0<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 9 Number of procedures 6 Disclosure Index 1<br />

Time (days) 57 Time (days) 114<br />

Cost (% of income per capita) 112.9 Cost (% of property value) 34.0 Enforcing contracts<br />

Minimum capital (% of income per capita) 270.4 Number of procedures 36<br />

Getting Credit Time (days) 485<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 16.5 Cost (% of debt) 23.8<br />

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

Rigidity of hours index 60 Credit information index 2 Closing a business<br />

Difficulty of firing index 70 Public registry coverage (borrowers/1000 adults) 3 Time of insolvency (years) 3.0<br />

Rigidity of employment index 64 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 38 Recovery rate (cents on the dollar) 18.8<br />

SERBIA AND MONTENEGRO GNI per capita (US$) 1,910 Population (m) 8.1<br />

Europe & Central Asia<br />

Lower middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 11 Number of procedures 6 Disclosure Index 3<br />

Time (days) 51 Time (days) 186<br />

Cost (% of income per capita) 9.5 Cost (% of property value) 5.5 Enforcing contracts<br />

Minimum capital (% of income per capita) 120.3 Number of procedures 36<br />

Getting Credit Time (days) 1028<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 87.4 Cost (% of debt) 23.0<br />

Difficulty of hiring index 28 Legal rights of borrowers and lenders 5<br />

Rigidity of hours index 0 Credit information index 1 Closing a business<br />

Difficulty of firing index 40 Public registry coverage (borrowers/1000 adults) 1 Time of insolvency (years) 2.6<br />

Rigidity of employment index 23 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 23.0<br />

Firing costs (weeks) 21 Recovery rate (cents on the dollar) 20.8<br />

SIERRA LEONE GNI per capita (US$) 150 Population (m) 5.3<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 9 Number of procedures 8 Disclosure Index 1<br />

Time (days) 26 Time (days) 58<br />

Cost (% of income per capita) 1268.4 Cost (% of property value) 16.5 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 58<br />

Getting Credit Time (days) 305<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 175.3 Cost (% of debt) 31.0<br />

Difficulty of hiring index 78 Legal rights of borrowers and lenders 5<br />

Rigidity of hours index 80 Credit information index 0 Closing a business<br />

Difficulty of firing index 70 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 2.5<br />

Rigidity of employment index 76 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 38.0<br />

Firing costs (weeks) 188 Recovery rate (cents on the dollar) 12.1

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