Bolivia

Ease of Doing Business in

Bolivia

This page summarizes Doing Business 2015 data for Bolivia. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Latin America & Caribbean
Income Category Lower middle income
Population 10,671,200
GNI Per Capita (US$) 2,550
City covered La Paz
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
157 151 down -6

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
49.95 49.86 down 0.09
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 Rank 171 DB 2014 Rank*** 166 Change in Rank down-5
DB 2015 DTF** (% points) 59.07 DB 2014 DTF** (% points) 58.17 Change in DTF** (% points) up0.90

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Bolivia Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology
Procedures (number)
15.0 8.3 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology
Time (days)
49.0 30.1 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology
Cost (% of income per capita)
64.4 31.1 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
1.6 3.2 8.8
No. Procedure Time to Complete Associated Costs
1 Check uniqueness of name at the Registry of Commerce in FUNDEMPRESA 1 day BOB 175
2 An attorney draws the articles of incorporation, bylaws and constitution act, which includes the appointment of the provisory board. 1 day BOB 7,800 = BOB 6,500 legal fee + BOB 1,300 procurement for processing of documents with Registry
3 Notarize the articles of incorporation “escritura de constitución” 1 day BOB 1000 + 80 BOB per copy (3 copies)
4 Publish company deed “titulo de constitución” in a national newspaper 2 days BOB 80 per page
5 An accredited accountant prepares the opening balance sheet “Balance de apertura” 1 day BOB 700
6 The opening balance sheet is administered by the seal of the Colegio de Contadores 1 day BOB 54 for each balance sheet
7 Register at the National Tax Service to obtain the tax identification number (Número de Identificación Tributaria, NIT) Less than one day (online procedure) no charge
8 Obtain a municipal business license and a municipal registration card (Padrón Municipal) from the municipality where the business is located 12 days no charge
* 9 Municipal Government inspects the technical and environmental characteristics of the venue 1 day, simultaneous with previous procedure no charge
10 Obtain evidence of a bank deposit equivalent to at least 25% of subscribed and no less than 50% of authorized capital 1 day no charge
11 Register the company deed with the Registry of Commerce to obtain legal capacity (Matricula de Comercio) 9 days BOB 584.5
12 Register at the appropriate Chamber of Commerce or Industry 1 day BOB 493
13 Register for national health insurance and short-term disability coverage 15 days BOB 15 per form, 3 forms
14 Register at the Ministry of Labor, enroll in the “Registro Obligatorio de Empleadores-ROE” Less than one day (online procedure) BOB 80 per page
15 Register employees with the pensions system (Sistema Integral de Pensiones) 3 days no charge
* Takes place simultaneously with another procedure.

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

Explore Economy Data


- OR -

Close