Zimbabwe

Ease of Doing Business in

Zimbabwe

This page summarizes Doing Business 2013 data for Zimbabwe. 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 Sub-Saharan Africa
Income Category Low income
Population 12,754,378
GNI Per Capita (US$) 640
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
172 170 down -2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
38.7 39.1 down -0.4
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 143 145 up 2
Dealing with Construction Permits 170 169 up -1
Getting Electricity 157 165 up 8
Registering Property 85 84 up -1
Getting Credit 129 127 up -2
Protecting Investors 128 124 up -4
Paying Taxes 134 127 up -7
Trading Across Borders 167 172 up 5
Enforcing Contracts 111 112 up 1
Resolving Insolvency 169 155 up -14

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 143 DB 2012 Rank 145 Change in Rank up2
DB 2013 DTF** (% points) 54.4 DB 2012 DTF** (% points) 49.5 Improvement in DTF** (% points) up4.9
YearNew business densityNumber of new limited liability companies
2011 3.0021,624
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 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.

View methodology Time (days)
90 34 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)
107.0 67.3 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)
0.0 116.0 13.3
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 US$5.00 for every US$100.00 or part thereof of the nominal/ authorised capital of the company with a minimum fee of US$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 UDS 530
* 9 Licensing officers visit the company site 1 day, simultaneous with previous procedure no charge
* 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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