Zimbabwe

Ease of Doing Business in

Zimbabwe

This page summarizes Doing Business 2015 data for Zimbabwe. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Sub-Saharan Africa
Income Category Low income
Population 14,149,648
GNI Per Capita (US$) 820
City covered Harare
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
171 172 down 1

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
46.95 45.36 down 1.59

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 2015 Rank 180 DB 2014 Rank*** 177 Change in Rank down-3
DB 2015 DTF** (% points) 51.42 DB 2014 DTF** (% points) 49.64 Change in DTF** (% points) up1.78

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

Indicator Zimbabwe 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)
9.0 7.8 4.8

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)
90.0 27.3 9.2

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)
114.6 56.2 3.4

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 95.6 8.8
No. Procedure Time to Complete Associated Costs
1 Reserve the company name with the Chief Registrar of Companies 7 days USD 5
2 File the memorandum and articles of association with the Registrar of Companies 14 days see comments
3 Register with the tax authorities for income tax, VAT, and PAYE 14 days no charge
* 4 Register with the National Social Security Authority for pension and Accident Prevention and Compensation Scheme 14 days (simultaneous with procedure 3) no charge
* 5 Register with the Manpower Development Fund 1 day (simultaneous with procedure 3) no charge
* 6 Pick up the form of license application notice from the City Health Department 1 day, simultaneous with procedure 3 USD 20
* 7 Advertise the application for a trade and business license in a local newspaper 34 days on average, simultaneous with procedure 3 USD 30
8 Submit an application form for the issuance of new licenses to the Licensing Office in Harare Municipality 34 days UDS 530
* 9 Receive inspection by the Licensing officers 1 day, simultaneous with previous procedure no charge
* Takes place simultaneously with another procedure.

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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