Doing Business 2015

1 Doing Business 2015 Going Beyond EfficiencyComparing Business regulations for domestiC firms in 189 eConomies A World Bank Group Flagship Report12th edition 2014 Int rn tion l B nk for R construction nd D v lopm nt / Th World B nk 1818 H Str t NW, W shin ton DC 20433 T l phon : 202-473-1000; Int rn t: Som ri hts r s rv d 1 2 3 4 17 16 15 14 This work is product of th st ff of Th World B nk with xt rn l contributions. Th findin s, int rpr t tions, nd conclusions xpr ss d in this work do not n c ss ril r fl ct th vi ws of Th World B nk, its Bo rd of Ex cutiv Dir ctors, or th ov rnm nts th r pr s nt. Th World B nk do s not u r nt th ccur c of th d t includ d in this work. Th bound ri s, colors, d nomin -tions, nd oth r inform tion shown on n m p in this work do not impl n jud m nt on th p rt of Th World B nk conc rnin th l l st tus of n t rritor or th ndors m nt or cc pt nc of such bound ri h r in sh ll constitut or b consid r d to b limit tion upon or w iv r of th privil s nd immuniti s of Th World B nk, ll of which r sp cific ll r s rv hts nd P rmissionsThis work is v il bl und r th Cr tiv Commons Attribution IGO lic ns (CC BY IGO) http://cr tiv /lic ns s/b o.

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4 ISBN (p p r): 978-1-4648-0351-2 ISBN ( l ctronic): 978-1-4648-0352-9 DOI: ISSN: 1729-2638 Cov r d si n: Corpor t Visions, Busin ss 2015 Goin B ond Effici nc COMPARING Business REGULATIONS FOR DOMESTIC FIRMS IN 189 ECONOMIES A World B nk Group Fl ship R port12TH EDITIONDoin Busin ss 2015 Goin B ond Effici nc R sourc s on th Doin Busin ss w bsit Current features N ws on th Doin Busin ss proj ct busin RankingsHow conomi s r nk from 1 to 189 busin /r nkin s DataAll th d t for 189 conomi s topic r nkin s, indic tor v lu s, lists of r ul tor proc dur s nd d t ils und rl in indic tors busin /d t Reports Acc ss to Doin Busin ss r ports s w ll s subn tion l nd r ion l r ports, r form c s studi s nd customi d conom nd r ion l profil s busin /r ports Methodology Th m thodolo i s nd r s rch p p rs und rl in Doin Busin ss busin /m thodolo ResearchAbstr cts of p p rs on Doin Busin ss topics nd r l t d polic issu s busin /r s rch Doing Business reforms Short summ ri s of DB2015 busin ss r ul tion r forms, lists of r forms sinc DB2008 nd r nkin simul tion tool busin /r forms Historical dataCustomi d d t s ts sinc DB2004 busin /custom-qu r Law libraryOnlin coll ction of busin ss l ws nd r ul tions r l tin to busin ss busin /l w-libr r ContributorsMor th n 10.

5 700 sp ci lists in 189 conomi s who p rticip t in Doin Busin ss busin /contributors/doin -busin ssEntrepreneurship dataD t on busin ss d nsit (numb r of n wl r ist r d comp ni s p r 1,000 workin - p opl ) for 139 conomi s busin /d t / xplor topics/ ntr pr n urshipDistance to frontierD t b nchm rkin 189 conomi s to th fronti r in r ul tor pr ctic busin /d t /dist nc -to-fronti rInformation on good practicesShowin wh r th m n ood pr ctic s id ntifi d b Doin Busin ss h v b n dopt d busin /d t / ood-pr ctic Doing Business iPhone appDoin Busin ss t Gl nc pr s ntin th full r port, r nkin s nd hi hli hts for ch topic for th iPhon , iP d nd iPod touch busin /sp ci l-f tur s/iphon Doin Busin ss 2015 Goin B ond Effici nc v For word 1 Ov rvi w 15 About Doin Busin ss 24 Wh t is ch n in in Doin Busin ss?

6 33 R formin th busin ss nvironm nt in 2013/14 C s studi s 47 St rtin busin ss Th rowin ffici nc of comp n r istri s 53 Zonin nd urb n pl nnin Und rst ndin th b n fits 60 R ist rin prop rt M surin th qu lit of l nd dministr tion s st ms 67 G ttin cr dit Th import nc of r istri s 76 Prot ctin minorit inv stors Goin b ond r l t d-p rt tr ns ctions 83 P in t x s Tr nds b for nd ft r th fin nci l crisis 90 Enforcin contr cts How judici l ffici nc supports fr dom of contr ct 96 R solvin insolv nc M surin th str n th of insolv nc l ws 102 Hi hli hts from th Doin Busin ss r s rch conf r nc 109 R f r nc s 114 D t not s 146 Dist nc to fronti r nd s of doin busin ss r nkin 152 Summ ri s of Doin Busin ss r forms in 2013/14 167 Countr t bl s 231 L bor m rk t r ul tion d t 252 Acknowl d m ntsCont ntsDoin Busin ss 2015 is th 12th in s ri s of nnu l r ports inv sti tin th r ul tions th t nh nc busin ss ctivit nd thos th t constr in it.

7 Doin Busin ss pr s nts qu ntit tiv indic tors on busin ss r ul tions nd th prot ction of prop rt ri hts th t c n b comp r d cross 189 conomi s from Af h nist n to Zimb bw nd ov r tim . Doin Busin ss m sur s r ul tions ff ctin 11 r s of th lif of busin ss. T n of th s r s r includ d in this r s r nkin on th s of doin busin ss: st rtin busin ss, d lin with construction p rmits, ttin l ctricit , r ist rin prop rt , ttin cr dit, prot ctin minorit inv stors, p in t x s, tr din cross bord rs, nforcin contr cts nd r solvin insolv nc . Doin Busin ss lso m sur s l bor m rk t r ul tion, which is not includ d in this r s r nkin .D t in Doin Busin ss 2015 r curr nt s of Jun 1, 2014. Th indic tors r us d to n l conomic outcom s nd id ntif wh t r forms of busin ss r ul tion h v work d, wh r nd wh.

8 Doin Busin ss 2015 Goin B ond Effici nc For wordHow to us Doin Busin ss indic tors nd how not toTh public discours on co-nomic polic is ov rwh lmin l focus d on fisc l m sur s, mon t r int rv ntions, w lf r pro- r ms nd oth r such hi hl visibl instrum nts of ov rnm nt ction. Thus wh n n conom do s poorl , disproportion t mount of our d b t c nt rs on wh th r or not it n ds fisc l stimulus, wh th r th r should b liquidit sin or ti ht nin , wh th r its w lf r pro r ms h v b n too profli t or too p ltr nd so on. Wh t ts much l ss tt ntion but is qu ll nd, in som situ tions, v n mor import nt for n conom s succ ss or f ilur is th nuts nd bolts th t hold th conom to th r nd th plumbin th t und rli s th conom.

9 Th l ws th t d t rmin how sil busin ss c n b st rt d nd clos d, th ffici nc with which contr cts r nforc d, th rul s of dministr tion p rt inin to v ri t of ctiviti s such s ttin p rmits for l ctricit nd doin th p p rwork for xports nd imports r ll x mpl s of th nuts nd bolts th t r r r l visibl nd in th lim li ht but pl critic l rol . Th ir m lfunctionin c n thw rt n conom s pro r ss nd r nd r th mor visibl polic instrum nts, such s ood fisc l nd mon t r poli-ci s, l ss ff ctiv . Just s th Sp c Shuttl Ch ll n r brok p rt on t k off from C p C n v r l, Florid , on J nu r 28, 1986, not b c us ( s w s l t r r li d) som thin m jor h d on wron but b c us joint h ld to th r b circul r nut c ll d th O-rin h d f il d, n conom c n b brou ht down or h ld b ck b th f ilur of its nuts nd bolts.

10 Th World B nk Group s Doin Busin ss r port is n nnu l st t m nt of th st t of th nuts nd bolts of conomi s round th world nd, s such, is on of th most import nt comp ndiums of inform tion nd n l sis of th b sis of n conom s ff ctiv d -to-d functionin nd d v lopm nt. Cr tin n ffici nt nd inclusiv thos for nt rpris nd busin ss is in th int r st of ll soci ti s. An conom with n ffici nt bur ucr c nd rul s of ov rn nc th t f cilit t s ntr pr n urship nd cr tivit mon individu ls, nd provid s n n blin tmosph r for p opl to r li th ir full pot nti l, c n nh nc livin st nd rds nd promot rowth nd sh r d prosp rit . It c n lso h lp in cr tin n nvironm nt in which st nd rd m cro conomic polici s r mor ff ctiv nd cours throu h th conom mor sil.