Palau

Ease of Doing Business in

Palau

This page summarizes Doing Business 2014 data for Palau. 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 East Asia & Pacific
Income Category Upper middle income
Population 20,754
GNI Per Capita (US$) 9,860
City covered Koror
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
100 114 down 14

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
59.99 54.78 down 5.21
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 129 DB 2013 Rank*** 130 Change in Rank up1
DB 2014 DTF** (% points) 80.54 DB 2013 DTF** (% points) 80.19 Change in DTF** (% points) up0.35

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

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).

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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.

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Time (days)
28.0 37.8 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.

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Cost (% of income per capita)
3.8 29.8 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.

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Paid-in Min. Capital (% of income per capita)
10.1 293.3 10.4
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 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.

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