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EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until October 25, 2016, 12pm EDT (4pm GMT) 40 DOING BUSINESS 2017 TABLE 3.3 Who reduced regulatory complexity and cost or strengthened legal institutions in 2015/16—and what did they do? Feature Economies Some highlights Making it easier to start a business Simplified preregistration and registration formalities (publication, notarization, inspection, other requirements) Abolished or reduced paid-in minimum capital requirement Cut or simplified postregistration procedures (tax registration, social security registration, licensing) Introduced or improved online procedures Introduced or improved one-stop shop Making it easier to deal with construction permits Reduced time for processing permit applications Streamlined procedures Barbados; Benin; Bolivia; Equatorial Guinea; Fiji; Hong Kong SAR, China; Ireland; Kenya; Myanmar; Niger; Papua New Guinea; Saudi Arabia; Sierra Leone; Sri Lanka; Thailand; Uganda; Vanuatu Algeria; Angola; Bahrain; Bosnia and Herzegovina; Burkina Faso; Chad; Indonesia; Mali; Oman; Qatar Brazil; China; Colombia; Cyprus; Ecuador; Israel; Kazakhstan; Republic of Korea; Lao PDR; Madagascar; Malawi; Malta; Oman; Rwanda; Serbia; Turkey The Bahamas; Cyprus; Czech Republic; Indonesia; Republic of Korea; Morocco; Nigeria; Rwanda; South Africa Arab Republic of Egypt; Indonesia; Malta; Niger; Rwanda; United Arab Emirates Algeria; Cameroon; Democratic Republic of Congo; Iraq; Zimbabwe Albania; Botswana; Kazakhstan; Poland; Russian Federation; Serbia; Singapore; United Arab Emirates Benin eliminated the need to notarize company bylaws. Equatorial Guinea made the process of starting a business easier by eliminating the need to obtain a copy of the business founders' criminal records. Ireland made starting a business easier by removing the requirement for a founder to swear before a commissioner of oaths when incorporating a company. Thailand made starting a business easier by creating a single window for registration payment. Mali reduced the cost of starting a business by reducing the paid-in minimum capital required to register a company. Oman made starting a business easier by removing the requirement to pay the minimum capital within three months of incorporation. Brazil made starting a business faster by implementing an online portal for business licenses in Rio de Janeiro. Lao People’s Democratic Republic made starting a business faster by implementing simplified procedures for obtaining a license and registered company seal. The Bahamas made starting a business easier by allowing local limited liability companies to register online. Indonesia made starting a business easier by allowing the use of the online system for name reservation. The Arab Republic of Egypt and Niger made starting a business easier by merging procedures at the one-stop shop. Algeria enforced legal time limits to process building permit applications. Cameroon put in place a reception desk to check for the completeness of building permit applications upon submission to reduce processing times. Botswana abolished the requirement to submit a rates clearance certificate. Poland eliminated the requirements to obtain technical conditions for utilities, as well as the clearance from the administrator of the public road. Adopted new building regulations Albania Albania lifted the moratorium on issuing construction permits in June 2015. Improved building control process Cameroon; Côte d’Ivoire; Madagascar; Philippines; United Arab Emirates Côte d’Ivoire made procedural information concerning the process of obtaining a building permit openly accessible. The Philippines increased the transparency of building regulations by publishing the required pre-approvals to obtain a building permit. Reduced fees France; San Marino France adopted a fixed fee schedule for warehouses and slightly reduced the tariff per square meter for building fees. San Marino set a fixed fee for building permits. Introduced or improved one-stop shop Making it easier to get electricity Improved regulation of connection processes and costs Improved process efficiency Serbia; Singapore Belarus; Lithuania Albania; Azerbaijan; Belarus; Czech Republic; Dominican Republic; Hong Kong SAR, China; India; Indonesia; Iraq; Kazakhstan; Lithuania; Moldova; Poland; Portugal; United Arab Emirates Serbia made it mandatory to request a building permit online through the e-permit system. Singapore improved its one-stop shop, CORENET (Construction and Real Estate Network) e-submission system. Belarus made it cheaper to obtain a new electricity connection by setting fixed prices for connections to electric networks and revising the connection fee structure. Lithuania introduced time limits for the utility to connect clients. The Dominican Republic made getting an electricity connection faster by enacting time limits for the utility to approve electrical connection plans. Portugal made getting an electricity connection faster by reducing the time required to approve electrical connection requests. Streamlined approval process Brunei Darussalam; Hong Kong SAR, China; Kenya Hong Kong SAR, China, streamlined the processes of reviewing applications as site inspections can now be conducted without involving the customer. Kenya introduced the use of a geographic information system which eliminated the need to conduct a site visit. Facilitated more reliable power supply and transparency of tariff information Algeria; Brunei Darussalam; Bulgaria; Georgia; Kazakhstan; Lao PDR; United Arab Emirates The utility in Lao PDR started fully recording the duration and frequency of outages to compute annual SAIDI and SAIFI. Algeria made getting electricity more transparent by publishing electricity tariffs on the websites of the utility and the energy regulator.
EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until October 25, 2016, 12pm EDT (4pm GMT) REFORMING THE BUSINESS ENVIRONMENT IN 2015/16 41 TABLE 3.3 Who reduced regulatory complexity and cost or strengthened legal institutions in 2015/16—and what did they do? Feature Economies Some highlights Making it easier to register property Increased reliability of infrastructure Increased transparency of information Belarus; Indonesia; Mauritius; Mexico; Pakistan; Puerto Rico (U.S.) Guyana; Kenya; Qatar; Senegal; Singapore; United Arab Emirates; Uzbekistan; Zimbabwe Indonesia digitized its cadastral records and set up a geographic information system. In Pakistan the Punjab province launched the Land Records Management and Information Program in order to strengthen the capacity of land administration institutions in Lahore. In Puerto Rico (U.S.), the Registry of Immovable Property was digitized and the majority of land records became accessible in digital format. Senegal made the list of documents, service standards and official fees to complete a property transaction available online and also updated the cadastral map. The United Arab Emirates published the list of service standards for any operation at the Dubai Land Department. Reduced taxes or fees The Bahamas; Comoros; Zambia The Bahamas decreased the property transfer tax from 10% to 2.5% of the property value. Zambia reduced the property transfer tax from 10% to 5% of the property value. Increased administrative efficiency Morocco; Rwanda; Sweden Sweden introduced a new administrative process for automatic registration of mortgages and renewal of ownership. Setting up effective time limits Serbia Serbia introduced effective time limits for the registration of property rights at the real estate cadaster. Increased geographic coverage Georgia Georgia reached full coverage of all maps for privately held land plots in the main business city. Strengthening legal rights of borrowers and lenders Created a unified and/or modern collateral registry for movable property Introduced a functional and secured transactions system Allowed for general description of assets that can be used as collateral Expanded range of movable assets that can be used as collateral Granted absolute priority to secured creditors or allowed out-of-court enforcement Granted exemptions to secured creditors from automatic stay in insolvency proceedings Improving the sharing of credit information Expanded scope of information collected and reported by credit bureau or registry Improved regulatory framework for credit reporting Established a new credit bureau or registry Guaranteed by law borrowers’ right to inspect data Introduced bureau or registry credit scores as a value added service Introduced online access to the credit information Expanded borrower coverage by credit bureau or registry Armenia; The Gambia; Indonesia; FYR Macedonia; Malawi; Nigeria; Papua New Guinea The Gambia; FYR Macedonia; Malawi; Papua New Guinea FYR Macedonia Papua New Guinea The Gambia; Papua New Guinea; Vanuatu Brunei Darussalam Brunei Darussalam; China; Tanzania; Tunisia Armenia; Burkina Faso; Mozambique; Myanmar; Togo; Zimbabwe Côte d’Ivoire; Latvia; Mali; Malta; Niger; Senegal; Solomon Islands Bahrain; Pakistan Belarus; Cambodia; China; Malaysia; Morocco; Thailand Mauritania Guyana; Lesotho; Pakistan; Tanzania Armenia strengthened access to credit by adopting a new law on secured transactions that establishes a modern and centralized collateral registry. The Gambia strengthened access to credit by adopting the Security Interests in Moveable Property Act. The new law on secured transactions implements a functional secured transactions system. The law regulates functional equivalents to loans secured with movable property, such as financial leases and sales with retention of title. The former Yugoslav Republic of Macedonia implemented new laws which allow for the general description of assets granted as collateral. Papua New Guinea introduced a new law that broadens the scope of assets which can be used as collateral to secure a loan. The Gambia introduced a new law that allows out-of-court enforcement. Brunei Darussalam adopted a new insolvency law that contemplates protections for secured creditors during an automatic stay in reorganization proceedings. In Brunei Darussalam the credit registry began distributing data from two utility companies in its credit reports with information on their clients’ payment histories. Zimbabwe strengthened its credit reporting system by amending an act to allow for the establishment of a credit registry. Côte d’Ivoire, Mali, Niger and Senegal established a new credit bureau, Creditinfo VoLo, which banks can consult to assess the creditworthiness of consumer and commercial borrowers. Bahrain introduced amendments to the Central Bank of Bahrain and Financial Institutions Law guaranteeing borrowers’ right to inspect their own data. In Cambodia the credit bureau began offering credit scoring in June 2015 to facilitate the assessment of the repayment capacity of borrowers. Mauritania provided banks and financial institutions online access to the data of the credit registry. Guyana expanded the number of borrowers listed by its credit bureau with information on their borrowing history from the past five years to more than 5% of the adult population.
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