Business Reforms in Solomon Islands

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

DB2012:

Positive Starting a Business:

The Solomon Islands made starting a business easier by implementing an online registration process.


Positive Registering Property:

The Solomon Islands made registering property faster by separating the land registry from the business and movable property registries.


Positive Protecting Investors:

The Solomon Islands strengthened investor protections by increasing shareholder access to corporate information.


Positive Resolving Insolvency:

The Solomon Islands adopted a new law that simplified insolvency proceedings.


DB2011:

Positive Getting Credit:

The Solomon Islands strengthened access to credit by passing a new secured transactions law that broadens the range of assets that can be used as collateral, allows a general description of debts and obligations secured by collateral, permits out-of-court enforcement and creates a collateral registry.


DB2010:

Negative Dealing with Construction Permits:

Due to fee increases and high prices on constructions materials, the cost for obtaining a construction permit increased significantly in the Solomon Islands.


Reform Summaries


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