Burkina Faso

Ease of Doing Business in

Burkina Faso

This page summarizes Doing Business 2013 data for Burkina Faso. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. 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 Sub-Saharan Africa
Income Category Low income
Population 16,967,845
GNI Per Capita (US$) 570
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
153 149 down -4

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
49.0 48.7 down 0.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 120 118 up -2
Dealing with Construction Permits 64 63 up -1
Getting Electricity 139 132 up -7
Registering Property 113 109 up -4
Getting Credit 129 127 up -2
Protecting Investors 150 147 up -3
Paying Taxes 157 151 up -6
Trading Across Borders 173 175 up 2
Enforcing Contracts 109 109 No change
Resolving Insolvency 113 112 up -1

Economy Profile

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Additional Data

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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 2013 Rank 120 DB 2012 Rank 118 Change in Rank down-2
DB 2013 DTF** (% points) 71.7 DB 2012 DTF** (% points) 70.6 Improvement in DTF** (% points) up1.1
YearNew business densityNumber of new limited liability companies
2011 0.111,021
Indicator Burkina Faso Sub-Saharan Africa 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)
3 8 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)
13 34 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)
46.8 67.3 4.5

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)
353.9 116.0 13.3
No. Procedure Time to Complete Associated Costs
1 Deposit subscribed capital in a bank 1-2 days no charge
2 Have a notary public notarize the declaration of capital subscription and deposit the two acts with the notary office 3 days 3 % of declared capital
3 Register at Centre des Formalités de Entreprise (CEFORE) for company registration, tax number (IFU), labor, and social security 9 days Fixed fee of XOF 47,500 : XOF 12,500 (RCCM) + XOF 7,500 (IFU) + XOF 5,000 (CNSS)+ XOF 7,500 (CEFORE) + XOF 5,000 (Court registration)+ XOF 10,000 (fee for publication).

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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