TEN PARAMETERS FOR CALCULATION
Ease of Doing Business Rank
1. Starting a Business
2. Dealing with Construction Permits
3. Getting Electricity
4. Registering Property
5. Getting Credit
6. Protecting Minority Investors
7. Paying Taxes
8. Trading across Borders
10. Resolving Insolvency
|1 New Zealand||1||6||45||1||1||2||10||60||21||31|
|4 Hong Kong SAR, China||5||1||3||53||32||11||1||27||30||44|
|5 Korea, Rep.||11||10||2||40||60||23||24||33||2||11|
|9 United Kingdom||19||17||7||42||32||15||23||30||32||14|
|10 Macedonia, FYR||47||13||57||46||12||7||31||29||37||30|
|11 United Arab Emirates||25||5||1||7||44||15||2||98||9||75|
|13 Taiwan, China||20||2||8||19||99||15||29||58||11||23|
Starting a business– It measures the number of procedures, time, cost and paid-in minimum capital requirement for a small- to medium-size limited liability company to start up and formally operate in each economy’s largest business city. To make the data comparable across 190 economies, Doing Business uses a standardized business that is 100% domestically owned, has a start-up capital equivalent to 10 times the income per capita, engages in general industrial or commercial activities and employs between 10 and 50 people one month after the commencement of operations, all of whom are domestic nationals. The starting a business indicators consider two cases of local limited liability companies that are identical in all aspects, except that one company is owned by five married women and the other by five married men. The overall score for starting a business is the average of the scores obtained for each of the component indicators. The most recent round of data collection for the project was completed in May 2018.
Dealing with Construction Permits– It tracks the procedures, time and cost to build a warehouse—including obtaining necessary the licenses and permits, submitting all required notifications, requesting and receiving all necessary inspections and obtaining utility connections. In addition, the dealing with construction indicators measure the building quality control index, evaluating the quality of building regulations, the strength of quality control and safety mechanisms, liability and insurance regimes and professional certification requirements. The most recent round of data collection was completed in May 2018.
Getting Electricity– It measures the procedures, time and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse. Additionally, the reliability of supply and transparency of tariffs index measures supply reliability, transparency of tariffs and the price of electricity. The most recent round of data collection for the project was completed in May 2018.
Registering Property– It examines the steps, time and cost involved in registering property, assuming a standardized case of an entrepreneur who wants to purchase land and a building that is already registered and free of title dispute. In addition, the topic measures the quality of the land administration system in each economy. The quality of land administration index has five dimensions: reliability of infrastructure, transparency of information, geographic coverage, land dispute resolution, and equal access to property rights. The most recent round of data collection for the project was completed in May 2018.
Getting Credit-covers two aspects of access to finance—the strength of credit reporting systems and the effectiveness of collateral and bankruptcy laws in facilitating lending. The most recent round of data collection for the project was completed in May 2018
Protecting Minority Investor-It measures the strength of minority shareholder protections against misuse of corporate assets by directors for their personal gain as well as shareholder rights, governance safeguards and corporate transparency requirements that reduce the risk of abuse. The most recent round of data collection for the project was completed in May 2018.
Paying Taxes- It records the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as the administrative burden of paying taxes and contributions. The most recent round of data collection for the project was completed on May 1, 2018 covering for the Paying Taxes indicator calendar year 2017 (January 1, 2017 – December 31, 2017).
Trading Across Borders- It records the time and cost associated with the logistical process of exporting and importing goods. Doing Business measures the time and cost (excluding tariffs) associated with three sets of procedures—documentary compliance, border compliance and domestic transport—within the overall process of exporting or importing a shipment of goods. The most recent round of data collection for the project was completed in May 2018.
Enforcing Contracts- This indicator measures the time and cost for resolving a commercial dispute through a local first-instance court, and the quality of judicial processes index, evaluating whether each economy has adopted a series of good practices that promote quality and efficiency in the court system. The most recent round of data collection was completed in May 2018.
Resolving Insolvency- It presents data for the labor market regulation indicators. The report does not present rankings of economies on these indicators or include the topic in the aggregate distance to frontier score or ranking on the ease of doing business. The most recent round of data collection was completed in May 2018.
Source: World Bank Doing Business Rank 2018