Central African Republic

Ease of Doing Business in

Central African Republic

This page summarizes Doing Business 2014 data for the Central African Republic. The first table lists the overall "Ease of Doing Business" rank (out of 189 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

Region Sub-Saharan Africa
Income Category Low income
Population 4,525,209
GNI Per Capita (US$) 490
City covered Bangui
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
188 187 down -1

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
34.05 34.23 down -0.18
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform 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 2014 Rank 177 DB 2013 Rank*** 172 Change in Rank down-5
DB 2014 DTF** (% points) 43.05 DB 2013 DTF** (% points) 40.15 Improvement in DTF** (% points) up2.90

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

Indicator Central African Republic 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)
22.0 29.7 11.1

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)
162.0 67.4 3.6

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)
411.4 125.7 10.4
No. Procedure Time to Complete Associated Costs
1 Deposit the legally required initial capital in a bank and obtain deposit evidence 1 day XAF 23,600
2 Procurement of the Residence Certificate 1 day XAF1,000
3 All acquired documents are filed at the public notary’s office for notarization 3 days 0.5-5% of the company's initial capital
4 Register company at Guichet Unique de formalité des Entreprises (GUFE) 7 days XAF 70,000 (frais d'enregistrement) + XAF 30,000 (registration fee) + stamp fees (24 pages, XOF 1000 per page)
5 Advertise the company formation in a national news daily 1 day XAF 70,000
6 Register with the Chamber of Commerce 1 day XAF 50,000
7 Notify authorities of hiring of employees 1 day no charge
8 Obtain business license (agreement) 7 days XAF 10,200

** 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 topics including Getting Electricity across all economies 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...

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

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