Comoros

Ease of Doing Business in

Comoros

This page summarizes Doing Business 2015 data for Comoros. 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 734,917
GNI Per Capita (US$) 880
City covered Moroni
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
159 156 down -3

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
49.56 49.02 down 0.54
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 173 DB 2014 Rank*** 171 Change in Rank down-2
DB 2015 DTF** (% points) 57.65 DB 2014 DTF** (% points) 56.35 Change in DTF** (% points) up1.30

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

Indicator Comoros 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)
8.0 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.

View methodology
Time (days)
15.0 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.

View methodology
Cost (% of income per capita)
114.0 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)
226.7 95.6 8.8
No. Procedure Time to Complete Associated Costs
1 Verify and reserve the company name 1 day no charge
2 Deposit and register the company’s articles of association with the public notary 1 days KMF 22,500 for the authentification of the statutes and the statement of deposit
3 Deposit company statutes at Ministry of Finance 2 days KMF 15,000+ KMF 500 for stamp duty per page (3 copies of the statutes; 10 pages per statute)
4 Register the company at the commercial court 1 day KMF 10,000
5 Obtain the professional license (patente) at the tax administration 8 days see comments
* 6 Legalize the company books at court 7 days (simultaneous with previous procedure) KMF 1,000 per book
7 Make a company seal 2 days KMF 12,500
* 8 Register for social security 1 day (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

**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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