Liberia

Ease of Doing Business in

Liberia

This page shows summary Doing Business 2012 data for Liberia. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. 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 4,101,767
GNI Per Capita (US$) 190.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
151 155 down 4
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 35 71 up 36
Dealing with Construction Permits 123 126 up 3
Getting Electricity 153 152 up -1
Registering Property 176 176 No change
Getting Credit 98 139 up 41
Protecting Investors 147 145 up -2
Paying Taxes 98 87 up -11
Trading Across Borders 116 117 up 1
Enforcing Contracts 166 165 up -1
Resolving Insolvency 158 156 up -2

Economy Profile

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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 2012 Rank 35 DB 2011 Rank 71 Change in Rank up36
Indicator Liberia 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)
4 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.

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Time (days)
6 37 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.

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Cost (% of income per capita)
68.4 81.2 4.7

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.

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Paid-in Min. Capital (% of income per capita)
0.0 129.8 14.1
No. Procedure Time to Complete Associated Costs
1 Search for company name and and prepare articles of Incorporation 1 day LRD 1400
* 2 Submit the application 1 day (simulatenous with previous procedure) no charge
* 3 Pay fees at the window of the Bank officers and obtain proof of payment 1 day (simulatenous with previous procedure) no charge
4 Submit payment evidence and receive journalizing slip 1 day - 5 days LRD 8200
* Takes place simultaneously with another procedure.

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