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Ease of Doing Business in

São Tomé and Príncipe

São Tomé and Príncipe Download Profile (1711.8KB, pdf)
Region Sub-Saharan Africa
Income Category Lower middle income
Population 190,344
GNI Per Capita (US$) 1,534
City covered São Tomé

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 162 160 down
2
46.75 46.67 down
0.08
Starting a Business 35 36 up
1
92.56 92.37 up
0.19
Dealing with Construction Permits 121 120 down
1
64.53 64.33 up
0.20
Getting Electricity 119 116 down
3
60.56 60.32 up
0.24
Registering Property 161 160 down
1
44.04 44.03 up
0.01
Getting Credit 185 185
-
0.00 0.00
-
Protecting Minority Investors 183 185 up
2
26.67 26.67
-
Paying Taxes 127 124 down
3
61.22 61.22
-
Trading across Borders 122 119 down
3
62.78 62.78
-
Enforcing Contracts 181 181
-
31.21 31.21
-
Resolving Insolvency 158 159 up
1
23.98 23.73 up
0.25

DB 2017 Rank: 35

DB 2016 Rank: 36

Change in Rank: up1

DB 2017 DTF (% points): 92.56

DB 2016 DTF (% points): 92.37

Change in DTF (% points): up0.19

Standardized Company
Legal form: Private Limited Company
Paid-in minimum capital requirement: STD 0
City: São Tomé
Indicator São Tomé and Príncipe Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 4.0 7.8 4.8
Time – Men (days) info_outline 5.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 15.2 54.0 3.1
Procedure – Women (number) info_outline 4.0 7.9 4.8
Time – Women (days) info_outline 5.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 15.2 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Check and reserve the proposed company name

    Agency: Guiché Único (Registry)

    Entrepreneurs must obtain a certificate attesting the uniqueness of the company name in order to proceed with company registration.
    1 day included in procedure 2
    2

    Register the company and obtain a tax payer identification number

    Agency: Guiché Único (Registry)

    The incorporation of the company at the Guiché Único (Company Registry) requires the presentation of the following documents:
    - Application form duly completed;
    - Certificate attesting the uniqueness of the company name (which may be obtained at the Guiché Único);
    - Signed copy of the by-laws (the Guiché Único provides model by-laws that must be used, but the parties may opt to use a different model of by-laws other than those offered by the Guichet Único);
    - Evidence of payment of the single fee for the incorporation of the company;
    - Document attesting the identity of the signatories or the identity of their representative. In case the incorporation is done by a representative, a power of attorney

    Regarding the advertising of the incorporation, the company may opt to advertise its incorporation in the Official Gazette of the OSS or in a national newspaper. The copy of the published record can be obtained as early as the day following the incorporation in the Guiché Único.

    An online platform called GUEnet will make online registration available in late 2016.
    3 days on average STD 5,150,000
    * 3

    Obtain and legalize the special company books

    Agency: Judicial Court

    Companies must obtain and legalize mandatory books. Some books (i.e., the general assembly and the board of directors' books) must be initialized by the court of first instance. As stated in Article 32 of the Commercial Code, “the accounting books should be presented to the president judge at the court of the company’s jurisdiction, so that the court officers can number and sign each of the pages, and prepare the opening and closing pages.”
    1 day (simultaneous with previous procedure) no charge
    4

    Register the employer and employees for Social Security

    Agency: Social Security Authority

    Employers must register employees with the relevant social security authority within 30 days of tax registration.
    1 day no charge

    * Takes place simultaneously with previous procedure.