Eritrea

Ease of Doing Business in

Eritrea

This page summarizes Doing Business 2013 data for Eritrea. 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

Select All
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 5,415,280
GNI Per Capita (US$) 430
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
182 182 0

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
30.9 30.6 down 0.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 183 183 No change
Dealing with Construction Permits 185 185 No change
Getting Electricity 93 93 No change
Registering Property 181 180 up -1
Getting Credit 180 180 No change
Protecting Investors 117 114 up -3
Paying Taxes 146 142 up -4
Trading Across Borders 165 166 up 1
Enforcing Contracts 51 51 No change
Resolving Insolvency 185 185 No change

Economy Profile

1540.8 KB pdf file

Download Now

Doing Business Resources

Doing Business law library Law Library

Search for business laws and regulations in Eritrea

 Contributors

See who contributed to Doing Business 2013

 Get all Data

See historical data sets and trends

Additional Topic

Additional Data

Related Websites

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 2013 Rank 183 DB 2012 Rank 183 Change in Rank 0
DB 2013 DTF** (% points) 45.3 DB 2012 DTF** (% points) 42.2 Improvement in DTF** (% points) up3.1
Indicator Eritrea 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)
13 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)
84 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)
52.3 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)
203.1 116.0 13.3
No. Procedure Time to Complete Associated Costs
1 Deposit initial capital in bank account 1 day no charge
2 Search for company name 2 days no charge
3 Notarize company statutes 3 days ERN 715.2
4 Register with the Commercial Registry 7 days no charge
5 Incorporation notice published in official journal 33 days ERN 600 –1000
6 Apply for tax identification number at the Inland Revenue Department 7 days 450
7 Obtain tax clearance from Inland Revenue Department 1 day no charge
8 Apply for business license at Ministry of Trade and Industry 14 days ERN 500
* 9 Receive business license inspection from Ministry of Trade and Industry 7 days (included in previous procedure) ERN 500
10 Obtain approval from local municipality 2 days ERN 100-500
11 Notify Ministry of Labor and Human Welfare 1 day no charge
12 Make a company seal 3 days ERN 400
13 Apply for tax receipts from the Inland Revenue Department 10 days ERN 200 for 10 packs of receipts
* 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...

Explore Economy Data

Explore Economy Data


 - OR -

OTHER OPTIONS

Close