Palau

Ease of Doing Business in

Palau

This page summarizes Doing Business 2013 data for Palau. 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 East Asia & Pacific
Income Category Upper middle income
Population 20,609
GNI Per Capita (US$) 7,250
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
111 109 down -2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
53.4 53.9 down -0.5
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 130 124 up -6
Dealing with Construction Permits 44 43 up -1
Getting Electricity 78 75 up -3
Registering Property 17 19 up 2
Getting Credit 185 185 No change
Protecting Investors 177 176 up -1
Paying Taxes 83 73 up -10
Trading Across Borders 108 109 up 1
Enforcing Contracts 146 143 up -3
Resolving Insolvency 71 62 up -9

Economy Profile

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Additional Topic

Additional Data

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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 2013 Rank 130 DB 2012 Rank 124 Change in Rank down-6
DB 2013 DTF** (% points) 80.5 DB 2012 DTF** (% points) 80.4 Improvement in DTF** (% points) up0.1
YearNew business densityNumber of new limited liability companies
2011 0.635,314
Indicator Palau East Asia & Pacific 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 7 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)
28 36 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)
5.2 22.4 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)
13.8 13.4 13.3
No. Procedure Time to Complete Associated Costs
1 Deposit the legally required capital in a bank and obtain deposit evidence 1 day no charge
2 Check the uniqueness of the proposed company name and reserve a name 1 day no charge
3 Notarize the company deeds 1 day USD 10
4 Pay the registration fee at the National Treasury 1 day USD 250
5 Register the company with the Corporate Registrar at the Office of the Attorney General; obtain a certificate of incorporation 14 days included in previous procedure
6 Register employees for social security and obtain an employer identification number (EIN) 1 day USD 15
7 Apply for a business license from the relevant licensing authority 5 days USD 50
8 Apply for a business license from the state government 3-5 days USD 50, depending on numbers and types of licenses

** 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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