Swaziland

Ease of Doing Business in

Swaziland

This page summarizes Doing Business 2014 data for Swaziland. 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 Sub-Saharan Africa
Income Category Lower middle income
Population 1,230,985
GNI Per Capita (US$) 2,860
City covered Mbabane
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
123 120 down -3

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
59.27 58.82 down 0.45
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 172 DB 2013 Rank*** 167 Change in Rank down-5
DB 2014 DTF** (% points) 68.82 DB 2013 DTF** (% points) 65.33 Improvement in DTF** (% points) up3.49

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

Indicator Swaziland Sub-Saharan Africa 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)
12 8 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)
38.0 29.7 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.

View methodology
Cost (% of income per capita)
27.7 67.4 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.

View methodology
Paid-in Min. Capital (% of income per capita)
0.4 125.7 10.4
No. Procedure Time to Complete Associated Costs
1 Reserve a unique company name at the Companies Registry 1 day SZL 20
2 Pay the name reservation and registration fees 1 day included in previous procedure
3 Obtain tax clearance for company directors 1 day no charge
4 Preparation of the memorandum and articles of association by a lawyer 2 days SZL 1,500 - SZL 3,000
5 Register with the Company Registrar 7-14 days SZL 360
6 Obtain a bank statement 1 day no charge
* 7 Obtain a company Tax Identification Number (TIN) 1 day (simultaneous with previous procedure) no charge
* 8 Receive inspection by the Health Department or City Council 1 day (simultaneous with previous procedure) included in license cost
9 Request and Obtain a trading license 20 days SZL 50 to E10,000 (most likely a general services or manufacturing company would pay a license of E3,000 to E5,000, therefore E4,000 is a reasonable estimate for this fee)
* 10 Pay the trading license fee 1 day (simultaneous with procedure 9) included in previous procedure
* 11 Register workers with the Provident Fund 1 day (simultaneous with procedure 9) no charge
* 12 Enroll workers in the worker's compensation insurance 1 day (simultaneous with procedure 9) no charge
* 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 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.

Explore Economy Data


- OR -

Close