Bolivia

Ease of Doing Business in

Bolivia

This page shows summary Doing Business 2012 data for Bolivia. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Latin America & Caribbean
Income Category Lower middle income
Population 10,030,832
GNI Per Capita (US$) 1,790.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
153 147 down -6
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 169 167 up -2
Dealing with Construction Permits 107 104 up -3
Getting Electricity 124 123 up -1
Registering Property 138 137 up -1
Getting Credit 126 116 up -10
Protecting Investors 133 131 up -2
Paying Taxes 179 177 up -2
Trading Across Borders 126 124 up -2
Enforcing Contracts 135 135 No change
Resolving Insolvency 65 61 up -4

Economy Profile

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Starting a Business

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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 2012 Rank 169 DB 2011 Rank 167 Change in Rank down-2
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 9 5

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)
50 54 12

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)
90.4 37.3 4.7

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)
2.3 4.3 14.1
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) 1 day 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, included in the 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 company deed “Matricula de comercio” with the Fundación para el Desarrollo Empresarial – FUNDEMPRESA and obtain legal capacity 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 Bs.15 per form, 3 forms
14 Register at the Ministry of Labor, enroll in the Caja Nacional de Establecimientos 1 day BOB 80 per page
15 Register employees with the pension fund managers (AFPs) 3 days no charge
* Takes place simultaneously with another procedure.
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