Central African Republic

Ease of Doing Business in

Central African Republic

This page summarizes Doing Business 2015 data for the Central African Republic. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Sub-Saharan Africa
Income Category Low income
Population 4,616,417
GNI Per Capita (US$) 320
City covered Bangui
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
187 186 down -1

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
34.47 35.19 down -0.72
Positive=Doing Business reform making it easier to do business. Negative=Change 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 2015 Rank 187 DB 2014 Rank*** 184 Change in Rank down-3
DB 2015 DTF** (% points) 34.30 DB 2014 DTF** (% points) 39.06 Change in DTF** (% points) down-4.76

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)
8.0 7.8 4.8

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 27.3 9.2

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)
226.0 56.2 3.4

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)
607.3 95.6 8.8
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 initial capital
4 Register company at Guichet Unique de formalité des Entreprises (GUFE) 7 days XAF 70,000 (registration fees at the one stop shop) + XAF 30,000 (registration fees with the commercial registry) + stamp fees (24 pages, XOF 3000 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 score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

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

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