= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2013:
Starting a Business:
Togo made starting a business easier and less costly by reducing incorporation fees, improving the work flow at the one-stop shop for company registration and replacing the requirement for a copy of the founders’ criminal records with one for a sworn declaration at the time of the company’s registration.
Employing Workers:
Togo increased the wage premium for weekly holiday work and the severance payment in cases of redundancy dismissal.
DB2012:
Getting Credit:
Access to credit in Togo was improved through amendments to the OHADA Uniform Act on Secured Transactions that broaden the range of assets that can be used as collateral (including future assets), extend the security interest to the proceeds of the original asset and introduce the possibility of out-of-court enforcement.
Paying Taxes:
Togo reduced its corporate income tax rate.
DB2010:
Starting a Business:
Togo eased business start-up by setting up a one-stop shop (CFE) eliminating 6 procedures and reducing cost by a third.
Paying Taxes:
Togo reduced tax burden on businesses by reducing the corporate income tax rates from 37% to 30%.