Cape Verde

Ease of Doing Business in

Cape Verde

This page shows summary Doing Business 2012 data for Cape Verde. 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

Region Sub-Saharan Africa
Income Category Lower middle income
Population 512,582
GNI Per Capita (US$) 3,160.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
119 129 down 10
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 131 120 up -11
Dealing with Construction Permits 116 113 up -3
Getting Electricity 70 70 No change
Registering Property 61 100 up 39
Getting Credit 126 152 up 26
Protecting Investors 133 131 up -2
Paying Taxes 104 102 up -2
Trading Across Borders 61 58 up -3
Enforcing Contracts 37 38 up 1
Resolving Insolvency 183 183 No change

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 131 DB 2011 Rank 120 Change in Rank down-11
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).

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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.

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Time (days)
11 37 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.

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Cost (% of income per capita)
17.0 81.2 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.

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Paid-in Min. Capital (% of income per capita)
39.0 129.8 14.1
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.

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