Zimbabwe

Ease of Doing Business in

Zimbabwe

This page shows summary Doing Business 2012 data for Zimbabwe. 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 12,644,041
GNI Per Capita (US$) 460.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
171 168 down -3
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 144 142 up -2
Dealing with Construction Permits 166 163 up -3
Getting Electricity 167 167 No change
Registering Property 85 81 up -4
Getting Credit 126 116 up -10
Protecting Investors 122 120 up -2
Paying Taxes 127 132 up 5
Trading Across Borders 172 172 No change
Enforcing Contracts 112 112 No change
Resolving Insolvency 153 166 up 13

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 144 DB 2011 Rank 142 Change in Rank down-2
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).

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Procedures (number)
9 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)
90 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)
148.9 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)
0.0 129.8 14.1
No. Procedure Time to Complete Associated Costs
1 Register the company name with the Chief Registrar of Companies 7 days USD 5
2 File memorandum and articles of association with the Registrar of Companies 14 days Registration Fee is USD 5.00 for every USD 100.00 or part thereof of the nominal/ authorised capital of the company with a minimum fee of USD 100.00
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 on a local newspaper the application for a trade and business license 4-6 weeks, simultaneous with procedure 3 USD 30
8 Submit an application form for issuance of new licenses to the Licensing Office in Harare Municipality 30 days USD 530
* 9 Licensing officers visit the company site 1 day, simultaneous with previous procedure no charge
* Takes place simultaneously with another procedure.

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