Doing Business in East Timor Very Exspensive and Need a long time
May 3, 2011 Leave a comment
Timor leste a new country now stiil a proggres, if we want doing businisess in East Timor need long time to complete dokument like a procedur how to starting a businees, like construction permit, proprety like a contract closing the busniees, credit protecting envestor taxes and tading accros the boarderss not easy because we need 81 day haw to complete this procedure.
but we comperative indonesia nation just need 59 day.Doing Business 2011: Making a Difference for Entrepreneurs is the eighth in a series of annual reports published by IFC and the World Bank. For the first time in eight years, the economies of East Asia and the Pacific were among the most active in improving the regulatory climate in which local firms do business. Timor-Leste ranked 174 out of 183 economies.
Acording doing businees Paid-in minimum capital to start a business In Timor-Leste, you need USD$5,000 five thousands amerikan dollar 921% of annual GNI per capita. This is the highest in the world. Niger is second at 613%
Timor-Leste ranks among the most difficult — 180 out of 183 (Micronesia, Marshall Islands and Brunei are worse sum of the strength of legal rights index and the depth of credit information index.
Timor-Leste is the second most difficult — 182 out of 183 (Palau is worse)”In East Asia and the Pacific half the economies have no credit bureau or registry, scoring 0 on the depth of credit information index. But things are improving. Timor-Leste is working to make its new public credit registry fully operational.
Timor-Leste is in a 4-way tie for third-worst, only Palau and West Bank/Gaza are worse
Timor-Leste is 8th best in number of payments per year, at 6.
Timor-Leste has the lowest total tax rate, at 0.2% of profit comparative Vanuatu is next at 8.4%.