Comoros

Ease of Doing Business in

Comoros

This page summarizes Doing Business 2014 data for Comoros. 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 717,503
GNI Per Capita (US$) 840
City covered Moroni
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
158 160 down 2

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
49.28 48.37 down 0.91
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 163 DB 2013 Rank*** 173 Change in Rank up10
DB 2014 DTF** (% points) 58.32 DB 2013 DTF** (% points) 50.51 Change in DTF** (% points) up7.81

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 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)
15.0 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.

View methodology
Cost (% of income per capita)
119.2 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.

View methodology
Paid-in Min. Capital (% of income per capita)
237.0 125.7 10.4
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 2 days KMF 22,500 for the authentication 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 (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.

Explore Economy Data


- OR -

Close