Togo

Ease of Doing Business in

Togo

This page summarizes Doing Business 2014 data for Togo. 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 Low income
Population 6,642,928
GNI Per Capita (US$) 500
City covered Lomé
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
157 159 down 2

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
49.67 48.77 down 0.90
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 168 DB 2013 Rank*** 165 Change in Rank down-3
DB 2014 DTF** (% points) 51.49 DB 2013 DTF** (% points) 50.50 Improvement in DTF** (% points) up0.99

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

Indicator Togo 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).

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Procedures (number)
7 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.

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Time (days)
19.0 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.

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Cost (% of income per capita)
121.4 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.

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Paid-in Min. Capital (% of income per capita)
388.5 125.7 10.4
No. Procedure Time to Complete Associated Costs
1 Check the company name 1 day no charge
2 The notary legalizes documents and buys stamps 2 days XOF 175,000
3 Deposit the company’s initial capital 2 days no charge
4 Deposit all the documents for company registration and pay fees at the Guichet Unique : CFE 1-2 days to obtain the registration card (carte unique) and 1 week to obtain the tax card (carte d' opérateur économique) see procedure details
* 5 Payment of all the fees at the cashier (BTCI) 1 day (simultaneous with previous procedure) included in previous procedure
6 Registration with the Chamber of Commerce 3 days XOF 15000
7 Publication in a national news dailies or the Official Gazette 3 days XOF 61,360 (per publication)
* 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.

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