Togo

Ease of Doing Business in

Togo

This page shows summary Doing Business 2012 data for Togo. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. 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 6,780,030
GNI Per Capita (US$) 440.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
162 158 down -4
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 174 169 up -5
Dealing with Construction Permits 146 143 up -3
Getting Electricity 92 88 up -4
Registering Property 162 160 up -2
Getting Credit 126 152 up 26
Protecting Investors 147 145 up -2
Paying Taxes 161 157 up -4
Trading Across Borders 98 98 No change
Enforcing Contracts 151 151 No change
Resolving Insolvency 93 89 up -4

Economy Profile

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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 2012 Rank 174 DB 2011 Rank 169 Change in Rank down-5
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)
84 37 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.

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Cost (% of income per capita)
177.2 81.2 4.7

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)
484.5 129.8 14.1
No. Procedure Time to Complete Associated Costs
1 Check the company name 1 day XOF 5000 ( name check)
2 The notary legalizes documents and buys stamps 2 days about FCFA 175,000
3 Deposit the company’s initial capital 2 days no charge
4 Obtain the extract of the criminal record of the directors 2 days XOF 250 per copy 2 copies required
5 Apply with the Ministry of Commerce for an authorization of business establishment 14 days XOF 9,000
6 Deposit all the documents for company registration and pay fees at the Guichet Unique : CFE 60 days Carte d'operateur Economiqe (XOF 5000) + DGI (XOF 33000)+ fiscal stamps (XOF 20 000) + Tax redevence (XOF 40 000) + Chamber of Commerce (XOF 15000) + Labor (XOF 2000)
7 Publication in a national news dailies or the Official Gazette 3 days XOF 61,360 (per publication)

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