Comoros

Ease of Doing Business in

Comoros

This page summarizes Doing Business 2013 data for Comoros. The first table lists the overall "Ease of Doing Business" rank (out of 185 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

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Sub-Saharan Africa
Income Category Low income
Population 753,943
GNI Per Capita (US$) 770
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
158 158 0

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
44.7 43.2 down 1.5
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 168 171 up 3
Dealing with Construction Permits 60 52 up -8
Getting Electricity 104 100 up -4
Registering Property 77 89 up 12
Getting Credit 154 152 up -2
Protecting Investors 139 136 up -3
Paying Taxes 114 115 up 1
Trading Across Borders 146 143 up -3
Enforcing Contracts 159 158 up -1
Resolving Insolvency 185 185 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 2013 Rank 168 DB 2012 Rank 171 Change in Rank up3
DB 2013 DTF** (% points) 51.8 DB 2012 DTF** (% points) 47.5 Improvement in DTF** (% points) up4.3
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)
9 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)
20 34 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.

View methodology Cost (% of income per capita)
150.0 67.3 4.5

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)
261.9 116.0 13.3
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 statement of deposit
3 Deposit the legally required capital in a bank and obtain the deposit evidence 4 days KMF 55,000
4 Deposit company statutes at Ministry of Finance 2 days KMF 15,000 KMF + KMF 500 for stamp duty per page (3 copies of the statutes; 10 pages per statute)
5 Register the company at the commercial court 1 day KMF 10,000
6 Obtain the professional license (patente) at the tax administration 8 days see comments
* 7 Legalize the company books at court 7 days (simultaneous with previous procedure) KMF 1,000 per book
8 Make a company seal 2 days KMF 10,000
* 9 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 indicators across all economies included in Doing Business since each indicator was 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...

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