Cape Verde

Ease of Doing Business in

Cape Verde

This page summarizes Doing Business 2013 data for Cape Verde. 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 Lower middle income
Population 500,585
GNI Per Capita (US$) 3,540
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
122 121 down -1

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
58.1 57.8 down 0.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 129 127 up -2
Dealing with Construction Permits 122 121 up -1
Getting Electricity 106 105 up -1
Registering Property 69 65 up -4
Getting Credit 104 97 up -7
Protecting Investors 139 136 up -3
Paying Taxes 102 102 No change
Trading Across Borders 63 61 up -2
Enforcing Contracts 38 36 up -2
Resolving Insolvency 185 185 No change

Economy Profile

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Doing Business Resources

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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 129 DB 2012 Rank 127 Change in Rank down-2
DB 2013 DTF** (% points) 82.0 DB 2012 DTF** (% points) 81.6 Improvement in DTF** (% points) up0.4
Indicator Cape Verde 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)
8 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)
11 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)
14.9 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)
34.2 116.0 13.3
No. Procedure Time to Complete Associated Costs
1 Search for company name and reserve the proposed name 1 day CVE 600
2 Deposit the legally required initial capital in a bank and obtain deposit evidence 1 day no charge
3 Registration with the commercial registry 1 day CVE 10,000 (registration fee) + CVE 1,000 (chamber of commerce fee)
4 Obtain municipal license 8 days CVE 30000
* 5 Register workers with the Social Security Office 1 day, simultaneous with previous procedure no charge
* 6 Register workers with accident insurance at insurance company 1 day, simultaneous with previous procedure no charge
* 7 Register workers with labor inspectorate 1 day, simultaneous with previous procedure no charge
* 8 Obtain and legalize the special company books 3 days, simultaneous with previous procedure CVE 2000
* Takes place simultaneously with another procedure.

** 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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