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Business Removing

Doing Business in 2005 -- Removing Obstacles to Growth

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128 DOING BUSINESS IN 2005<br />

TOGO GNI per capita (US$) 310 Population (m) 4.9<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 2<br />

Time (days) 53 Time (days) 212<br />

Cost (% of income per capita) 229.4 Cost (% of property value) 7.8 Enforcing contracts<br />

Minimum capital (% of income per capita) 485.7 Number of procedures 37<br />

Getting Credit Time (days) 535<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 83.4 Cost (% of debt) 24.3<br />

Difficulty of hiring index 89 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 60 Public registry coverage (borrowers/1000 adults) 3 Time of insolvency (years) 3.0<br />

Rigidity of employment index 76 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 18.0<br />

Firing costs (weeks) 84 Recovery rate (cents on the dollar) 14.5<br />

TUNISIA GNI per capita (US$) 2,240 Population (m) 9.9<br />

Middle East & North Africa<br />

Lower middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 9 Number of procedures 5 Disclosure Index 6<br />

Time (days) 14 Time (days) 57<br />

Cost (% of income per capita) 11.0 Cost (% of property value) 6.1 Enforcing contracts<br />

Minimum capital (% of income per capita) 327.3 Number of procedures 14<br />

Getting Credit Time (days) 27<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 22.4 Cost (% of debt) 12.0<br />

Difficulty of hiring index 61 Legal rights of borrowers and lenders 4<br />

Rigidity of hours index 0 Credit information index 2 Closing a business<br />

Difficulty of firing index 100 Public registry coverage (borrowers/1000 adults) 93 Time of insolvency (years) 1.3<br />

Rigidity of employment index 54 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 29 Recovery rate (cents on the dollar) 50.1<br />

TURKEY GNI per capita (US$) 2,790 Population (m) 70.7<br />

Europe & Central Asia<br />

Lower middle incom<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 8 Number of procedures 8 Disclosure Index 2<br />

Time (days) 9 Time (days) 9<br />

Cost (% of income per capita) 26.4 Cost (% of property value) 3.3 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 22<br />

Getting Credit Time (days) 330<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 19.9 Cost (% of debt) 12.5<br />

Difficulty of hiring index 44 Legal rights of borrowers and lenders 1<br />

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

Difficulty of firing index 40 Public registry coverage (borrowers/1000 adults) 32 Time of insolvency (years) 2.9<br />

Rigidity of employment index 55 Private bureau coverage (borrowers/1000 adults) 300 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 112 Recovery rate (cents on the dollar) 25.7<br />

UGANDA GNI per capita (US$) 240 Population (m) 25.3<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 17 Number of procedures 8 Disclosure Index 2<br />

Time (days) 36 Time (days) 48<br />

Cost (% of income per capita) 131.3 Cost (% of property value) 5.5 Enforcing contracts<br />

Minimum capital (% of income per capita) 0.0 Number of procedures 15<br />

Getting Credit Time (days) 209<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 11.9 Cost (% of debt) 22.3<br />

Difficulty of hiring index 0 Legal rights of borrowers and lenders 5<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) 2.1<br />

Rigidity of employment index 7 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 38.0<br />

Firing costs (weeks) 12 Recovery rate (cents on the dollar) 35.5

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