The World Bank’s ‘ Doing Business’ report sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-sized business when complying with relevant regulations. It measures and tracks changes in regulations affecting 10 areas in the lifecycle of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. In a series of annual reports,
Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared over time across 183 economies, from Afghanistan to Zimbabwe. In the ‘ Doing Business 2012’ Report, the World Bank 2. Dealing with licences - Procedures, time and cost of business inspections and licensing ( construction industry). 3. Hiring and firing workers - Difficulty of hiring index, rigidity of hours of index, difficulty of firing index, hiring cost and firing cost. 4. Registering property - Procedures, time and
cost to register commercial real estate. 5. Getting credit - Strength of legal rights
index and depth of credit information index. 6. Protecting investors - Indices on the extent of disclosure, extent of director liability and ease of shareholder suits. 7. Paying taxes - Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit. 8. Trading across borders - Number of documents, number of signatures and time necessary to export and import. 9. Enforcing contracts - Procedures, time and cost to enforce a debt contract. 10. Closing a business - Time and cost to close down a business and recovery rate.
The data set covers 46 economies in Sub- Saharan Africa, 32 in Latin America and the Caribbean, 24 in East Asia and the Pacific, 24 in Eastern