Palau

Ease of Doing Business in

Palau

This page summarizes Doing Business 2015 data for Palau. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region East Asia & Pacific
Income Category Upper middle income
Population 20,918
GNI Per Capita (US$) 10,970
City covered Koror
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
113 110 down -3

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
59.50 59.50 0.00
Positive=Doing Business reform making it easier to do business. Negative=Change 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 2015 Rank 111 DB 2014 Rank*** 104 Change in Rank down-7
DB 2015 DTF** (% points) 81.83 DB 2014 DTF** (% points) 81.69 Change in DTF** (% points) up0.14

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).

View methodology
Procedures (number)
8.0 7.3 4.8

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 34.4 9.2

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)
3.3 27.7 3.4

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)
8.8 256.4 8.8
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 4 days on average USD 50, depending on numbers and types of licenses

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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