Business Reforms in Burundi
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Paying Taxes: Burundi made paying taxes easier by introducing a new tax return and eliminating the personalized VAT declaration form.
Starting a Business: Burundi made starting a business easier by allowing registration with the Ministry of Labor at the one-stop shop and by speeding up the process of obtaining the registration certificate.
Dealing with Construction Permits: Burundi made dealing with construction permits easier by establishing a one-stop shop for obtaining building permits and utility connections.
Getting Electricity: Burundi made getting electricity easier by eliminating the electricity utility’s monopoly on the sale of materials needed for new connections and by dropping the processing fee for new connections.
Registering Property: Burundi made transferring property easier by creating a one-stop shop for property registration.
Paying Taxes: Burundi made paying taxes less costly for companies by reducing corporate income tax rate.
Trading across Borders: Burundi made trading across borders easier by eliminating the requirement for a preshipment inspection clean report of findings.
Starting a Business: Burundi made starting a business easier by eliminating the requirements to have company documents notarized, to publish information on new companies in a journal and to register new companies with the Ministry of Trade and Industry.
Dealing with Construction Permits: Burundi made obtaining a construction permit easier by eliminating the requirement for a clearance from the Ministry of Health and reducing the cost of the geotechnical study.
Registering Property: Burundi made property transfers faster by establishing a statutory time limit for processing property transfer requests at the land registry.
Trading across Borders: Burundi reduced the time to trade across borders by enhancing its use of electronic data interchange systems, introducing a more efficient system for monitoring goods going through transit countries and improving border coordination with neighboring transit countries.
Dealing with Construction Permits: Burundi made dealing with construction permits easier by reducing the cost to obtain a geotechnical study.
Protecting Minority Investors: Burundi strengthened investor protections by introducing new requirements for the approval of transactions between interested parties, by requiring greater corporate disclosure to the board of directors and in the annual report and by making it easier to sue directors in cases of prejudicial transactions between interested parties.
Paying Taxes: Burundi made paying taxes easier for companies by reducing the payment frequency for social security contributions from monthly to quarterly.
Resolving Insolvency: Burundi amended its commercial code to establish foreclosure procedures.
Paying Taxes: Burundi made paying taxes simpler by replacing the transactions tax with a value added tax.
Registering Property: Burundi made registering property cheaper by reducing the registration fee. These measures were in part motivated by the desire of these countries to pass the Millennium Challenge Corporation eligibility threshold.
Registering Property: Burundi made registering property less costly by reducing the registration fee.