Business Reforms in Djibouti
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Djibouti made starting a business less costly by exempting new companies from professional license fees and reducing fees to register a business and publish the notice of commencement.
Dealing with Construction Permits: Djibouti made obtaining a construction permit easier by reducing the cost of concrete inspections and by implementing decennial liability for all professionals involved in construction projects.
Registering Property: Djibouti made registering property easier by increasing the transparency of the land administration system.
Getting Credit: Djibouti improved access to credit information by adopting a law that creates a new credit information system.
Protecting Minority Investors: Djibouti strengthened minority investor protections by requiring greater disclosure of transactions with interested parties, strengthening remedies against interested directors, extending access to corporate information before trial, increasing shareholder rights and role in major corporate decisions, clarifying ownership and control structures and requiring greater corporate transparency.
Dealing with Construction Permits: Djibouti made dealing with construction permits less time-consuming by streamlining the review process for building permits.
Starting a Business: Djibouti made starting a business easier by simplifying the company name search and by eliminating the minimum capital requirement as well as the requirement to publish a notice of commencement of activities.
Getting Credit: Djibouti strengthened its secured transactions system by adopting a new commercial code, which broadens the range of movable assets that can be used as collateral.
Resolving Insolvency: Djibouti made resolving insolvency easier through its new commercial code, which 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 alternatives available.
Dealing with Construction Permits: Djibouti made dealing with construction permits costlier by increasing the fees for inspections and the building permit and adding a new inspection in the preconstruction phase.
Trading across Borders: Djibouti made trading across borders faster by developing a new container terminal.
Paying Taxes: Djibouti made paying taxes more complicated for companies by introducing a value added tax on the supply of goods and services.
Trading across Borders: Djibouti reduced documentation requirements for exporting and importing, and time for importing, by improving port administration and eliminating some health and technical formalities.
Registering Property: Djibouti made property registration faster by improving efficiency at the Service des Domaines.
Trading across Borders: Djibouti made trading across borders easier by implementing an electronic manifest system.