Solomon Islands

Ease of Doing Business in

Solomon Islands

This page summarizes Doing Business 2013 data for Solomon Islands. 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 Lower middle income
Population 552,267
GNI Per Capita (US$) 1,110
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
92 94 down 2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
60.9 59.9 down 1.0
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 75 113 up 38
Dealing with Construction Permits 77 79 up 2
Getting Electricity 125 118 up -7
Registering Property 168 169 up 1
Getting Credit 83 80 up -3
Protecting Investors 49 46 up -3
Paying Taxes 26 26 No change
Trading Across Borders 86 88 up 2
Enforcing Contracts 109 111 up 2
Resolving Insolvency 123 122 up -1

Economy Profile

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Additional Topic

Additional Data

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Starting a Business

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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 75 DB 2012 Rank 113 Change in Rank up38
DB 2013 DTF** (% points) 82.0 DB 2012 DTF** (% points) 74.3 Improvement in DTF** (% points) up7.7
YearNew business densityNumber of new limited liability companies
2011 0.109,405
Indicator Solomon Islands 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)
7 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)
9 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)
47.9 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)
0.0 13.4 13.3
No. Procedure Time to Complete Associated Costs
1 Obtain approval of the company name from the Ministry of Commerce 1 day No charge
2 Register the company with the Registrar of Companies 1-2 days included in procedure 3
* 3 Pay registration fees at the Inland Revenue Division 1 day, simultaneous with previous procedure SBD 1250
4 Register for income tax, goods tax, and sales tax 3 days no charge
* 5 Register as an employer with the National Provident Fund 1 day, simultaneous with previous procedure no charge
* 6 Make a company seal 4 days, simultaneous with previous procedure SBD 500
* 7 Pay a business licence fee at the Honiara Council 1-3 days, simultaneous with previous procedure SBD 2700
* Takes place simultaneously with another procedure.

** 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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