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Business Reforms in Congo, Dem Rep

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB2017:

Dealing with Construction Permits: The Democratic Republic of Congo made dealing with construction permits easier by improving building quality control and reducing the time it takes to obtain the building permit.

Registering Property: The Democratic Republic of Congo made it more expensive to transfer property by increasing the property transfer tax.

Resolving Insolvency: The Democratic Republic of Congo made resolving insolvency easier by introducing a new conciliation procedure for companies in financial difficulties and a simplified preventive settlement procedure for small companies.

Labor Market Regulation: The Democratic Republic of Congo adopted legislation that prohibits discrimination in hiring on the basis of gender.

DB2016:

Starting a Business: The Democratic Republic of Congo made starting a business easier by simplifying registration procedures and reducing the minimum capital requirement.

Dealing with Construction Permits: The Democratic Republic of Congo made dealing with construction permits less expensive by halving the cost to obtain a building permit.

Paying Taxes: The Democratic Republic of Congo made paying taxes more complicated for companies by introducing a new social security contribution paid by employers, though it subsequently reduced the rate of the contribution.

Trading across Borders: The Democratic Republic of Congo made trading across borders more difficult by increasing the port handling time and cost for exporting and importing.

DB2015:

Starting a Business: The Democratic Republic of Congo made starting a business easier by creating a one-stop shop.

Dealing with Construction Permits: The Democratic Republic of Congo made dealing with construction permits more costly by increasing the building permit fee.

Getting Electricity: In the Democratic Republic of Congo the utility in Kinshasa made getting electricity easier by reducing the number of approvals required for new connections and reducing the burden of the security deposit.

Getting Credit: The Democratic Republic of Congo improved access to credit information by establishing a credit registry.

Protecting Minority Investors: The Democratic Republic of Congo strengthened minority investor protections by introducing greater requirements for disclosure of related-party transactions to the board of directors and by making it possible for shareholders to inspect the documents pertaining to related-party transactions and to appoint auditors to conduct an inspection of such transactions.

Paying Taxes: The Democratic Republic of Congo made paying taxes easier for companies by simplifying corporate income tax returns and abolishing the minimum tax payable depending on a company’s size. On the other hand, it increased the rate for the minimum lump-sum tax applied to annual revenue.

DB2014:

Starting a Business: The Democratic Republic of Congo made starting a business more complicated by increasing the minimum capital requirement. At the same time, it made the process easier by reducing the time and by eliminating the requirement to obtain a certificate confirming the location of the new company’s headquarters.

Getting Credit: The Democratic Republic of Congo strengthened its secured transactions system by adopting the OHADA (Organization for the Harmonization of Business Law in Africa) Uniform Act on Secured Transactions. The new law broadens the range of assets that can be used as collateral (including future assets) and the range of obligations that can be secured, extends security interests to the proceeds of the original asset and introduces the possibility of out-of-court enforcement.

Protecting Minority Investors: The Democratic Republic of Congo strengthened investor protections by adopting the OHADA Uniform Act on Commercial Companies and Economic Interest Groups, which introduces additional approval and disclosure requirements for related-party transactions and makes it possible to sue directors when such transactions harm the company.

Paying Taxes: The Democratic Republic of Congo made paying taxes more costly for companies by increasing the employers' social security contribution rate.

Resolving Insolvency: The Democratic Republic of Congo made resolving insolvency easier by adopting the OHADA Uniform Act Organizing Collective Proceedings for Wiping Off Debts. The law allows an insolvent debtor to file for preventive settlement, legal redress or liquidation and sets out clear rules on the steps and procedures for each of the options available.

DB2013:

Starting a Business: The Democratic Republic of Congo made starting a business easier by appointing additional public notaries.

DB2012:

Starting a Business: The Democratic Republic of Congo made business start-up faster by reducing the time required to complete company registration and obtain a national identification number.

Dealing with Construction Permits: The Democratic Republic of Congo reduced the administrative costs of obtaining a construction permit.

Paying Taxes: The Democratic Republic of Congo made paying taxes easier for firms by replacing the sales tax with a value added tax.

DB2011:

Starting a Business: The Democratic Republic of Congo eased business start-up by eliminating procedures, including the company seal.

Dealing with Construction Permits: Dealing with construction permits became easier in the Democratic Republic of Congo thanks to a reduction in the cost of a building permit from 1% of the estimated construction cost to 0.6% and a time limit for issuing building permits.

Registering Property: The Democratic Republic of Congo reduced by half the property transfer tax to 3% of the property value.

DB2010:

Paying Taxes: The Democratic Republic of Congo made paying taxes more costly for companies by raising the sales tax rate.

Trading across Borders: In the Democratic Republic of Congo the participation of private companies in the terminal handling process at the port of Matadi has reduced cargo handling time by improving the quality of service.

DB2008:

Enforcing Contracts: The Democratic Republic of Congo made enforcing contracts easier by increasing the efficiency of operations in the commercial court.