Vanuatu

Ease of Doing Business in

Vanuatu

This page summarizes Doing Business 2013 data for Vanuatu. 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 245,619
GNI Per Capita (US$) 2,870
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
80 78 down -2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
64.1 64.5 down -0.4
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 116 112 up -4
Dealing with Construction Permits 48 37 up -11
Getting Electricity 124 144 up 20
Registering Property 110 108 up -2
Getting Credit 83 80 up -3
Protecting Investors 82 79 up -3
Paying Taxes 28 28 No change
Trading Across Borders 132 129 up -3
Enforcing Contracts 74 73 up -1
Resolving Insolvency 57 54 up -3

Economy Profile

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Additional Data

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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 2013 Rank 116 DB 2012 Rank 112 Change in Rank down-4
DB 2013 DTF** (% points) 74.8 DB 2012 DTF** (% points) 74.8 Improvement in DTF** (% points) 0.0
YearNew business densityNumber of new limited liability companies
2011 3.0021,624
Indicator Vanuatu 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)
8 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)
35 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)
47.2 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 Check the uniqueness of the company name 1 day no charge
2 Apply for the Vanuatu Financial Services Commission (VFSC) for a permit to incorporate company 14 calendar days (10 business days) VUV 30,000
* 3 File the memorandum with the Registrar 3 weeks, simultaneous with procedure 2 included in the previous procedure
4 Apply for a business license from the Department of Customs and Inland Revenue services 1 day VUV 20,000 to 1,000,000 (VUV 100,000 in case of a turnover between VUV 20,000,000 and VUV 30,000,000).
* 5 Register with the VAT office 3 days, simultaneous with procedure 4 no charge
6 Registration as an employer with the National Provident fund 1 week no charge
* 7 Enroll employees in the work accident insurance 3 days, simultaneous with previous procedure no charge
8 Make a company seal 1 day VUV 3,000
* 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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