Summary of Doing Business 2012: Senegal
Core Content
The Doing Business 2012 report provides an analysis of the business environment in Senegal, focusing on the ease of doing business through 10 key indicators. It ranks Senegal globally and compares it with other economies in Sub-Saharan Africa and globally, highlighting the regulatory challenges and opportunities for improvement.
Main Indicators and Rankings
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Starting a Business (Rank) |
93 |
103 |
128 |
170 |
120 |
104 |
181 |
115 |
New Zealand (1) |
| Procedures (Number) |
3 |
4 |
5 |
10 |
8 |
7 |
12 |
4 |
Canada (1)* |
| Time (Days) |
5 |
8 |
15 |
32 |
27 |
12 |
40 |
8 |
New Zealand (1) |
| Cost (% of Income per Capita) |
68.0 |
63.1 |
45.5 |
132.6 |
206.1 |
17.3 |
118.0 |
90.5 |
Denmark (0.0)* |
| Paid-in Min. Capital (% of Income per Capita) |
203.0 |
205.1 |
182.9 |
200.4 |
0.0 |
5.5 |
407.3 |
348.3 |
82 Economies (0.0)* |
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Dealing with Construction Permits (Rank) |
125 |
123 |
92 |
169 |
88 |
156 |
174 |
95 |
Hong Kong SAR, China (1) |
| Procedures (Number) |
13 |
13 |
11 |
18 |
14 |
16 |
29 |
11 |
Denmark (5) |
| Time (Days) |
210 |
210 |
147 |
583 |
143 |
218 |
287 |
179 |
Singapore (26)* |
| Cost (% of Income per Capita) |
435.2 |
439.6 |
1096.2 |
204.8 |
192.9 |
560.3 |
275.8 |
439.3 |
Qatar (1.1) |
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Getting Electricity (Rank) |
168 |
166 |
66 |
73 |
127 |
68 |
119 |
113 |
Iceland (1) |
| Procedures (Number) |
6 |
6 |
4 |
5 |
5 |
4 |
5 |
4 |
Germany (3)* |
| Time (Days) |
125 |
125 |
67 |
33 |
78 |
78 |
69 |
120 |
Germany (17) |
| Cost (US$ per container) |
5938.9 |
5997.9 |
1854.5 |
4002.3 |
6070.8 |
1218.5 |
10421.7 |
4397.7 |
Japan (0.0) |
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Registering Property (Rank) |
171 |
167 |
154 |
158 |
119 |
36 |
152 |
91 |
New Zealand (3) |
| Procedures (Number) |
6 |
6 |
5 |
6 |
5 |
5 |
6 |
5 |
Portugal (1)* |
| Time (Days) |
122 |
122 |
93 |
62 |
66 |
34 |
59 |
29 |
Portugal (1) |
| Cost (% of Property Value) |
20.3 |
20.6 |
19.2 |
13.9 |
7.7 |
0.7 |
14.4 |
12.1 |
Slovakia (0.0) |
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Getting Credit (Rank) |
126 |
152 |
98 |
126 |
159 |
48 |
150 |
126 |
United Kingdom (1)* |
| Strength of Legal Rights Index (0-10) |
6 |
3 |
6 |
6 |
5 |
8 |
6 |
6 |
New Zealand (10)* |
| Depth of Credit Information Index (0-6) |
1 |
1 |
2 |
1 |
0 |
3 |
0 |
1 |
Japan (6)* |
| Public Registry Coverage (% of Adults) |
4.5 |
3.7 |
3.6 |
2.6 |
0.0 |
0.0 |
0.0 |
3.7 |
Portugal (86.2) |
| Private Bureau Coverage (% of Adults) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
3.3 |
0.0 |
0.0 |
New Zealand (100.0)* |
| Protecting Investors (Rank) |
166 |
166 |
122 |
155 |
174 |
46 |
174 |
147 |
New Zealand (1) |
| Extent of Disclosure Index (0-10) |
6 |
6 |
6 |
6 |
2 |
7 |
6 |
6 |
France (10)* |
| Extent of Director Liability Index (0-10) |
1 |
1 |
1 |
1 |
1 |
5 |
1 |
1 |
Singapore (9)* |
| Ease of Shareholder Suits Index (0-10) |
2 |
2 |
6 |
3 |
5 |
6 |
1 |
4 |
New Zealand (10)* |
| Strength of Investor Protection Index (0-10) |
3.0 |
3.0 |
4.3 |
3.3 |
2.7 |
6.0 |
2.7 |
3.7 |
New Zealand (9.7) |
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Paying Taxes (Rank) |
174 |
172 |
171 |
159 |
178 |
90 |
176 |
163 |
Canada (8) |
| Payments (Number per Year) |
59 |
59 |
44 |
62 |
50 |
33 |
56 |
59 |
Norway (4) |
| Time (Hours per Year) |
666 |
666 |
654 |
270 |
376 |
224 |
416 |
270 |
Luxembourg (59) |
| Cost to Pay Taxes (% of Income per Capita) |
12.1 |
12.1 |
11.6 |
10.9 |
10.4 |
6.6 |
7.4 |
6.5 |
Japan (12.1) |
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Trading Across Borders (Rank) |
65 |
71 |
156 |
161 |
78 |
90 |
130 |
146 |
Singapore (1) |
| Documents to Export (Number) |
6 |
6 |
11 |
10 |
7 |
6 |
9 |
6 |
France (2) |
| Time to Export (Days) |
11 |
11 |
23 |
25 |
21 |
19 |
35 |
26 |
Singapore (4) |
| Cost to Export (US$ per container) |
1098 |
1098 |
1379 |
1969 |
831 |
1013 |
855 |
2202 |
Malaysia (450) |
| Documents to Import (Number) |
5 |
5 |
12 |
9 |
7 |
7 |
9 |
9 |
France (2) |
| Time to Import (Days) |
14 |
14 |
25 |
36 |
21 |
29 |
32 |
31 |
Singapore (4) |
| Cost to Import (US$ per container) |
1740 |
1940 |
2167 |
2577 |
885 |
1315 |
1391 |
3067 |
Malaysia (435) |
| Indicator |
Senegal DB2012 |
Senegal DB2011 |
Cameroon DB2012 |
Côte d'Ivoire DB2012 |
Gambia, The DB2012 |
Ghana DB2012 |
Guinea DB2012 |
Mali DB2012 |
Best Performer Globally DB2012 |
| Enforcing Contracts (Rank) |
145 |
148 |
174 |
124 |
69 |
45 |
127 |
132 |
Luxembourg (1) |
| Time (Days) |
780 |
780 |
800 |
770 |
434 |
487 |
276 |
620 |
Ireland (21)* |
| Cost (% of Claim) |
26.5 |
26.5 |
46.6 |
41.7 |
37.9 |
23.0 |
45.0 |
52.0 |
Bhutan (0.1) |
| Procedures (Number) |
43 |
44 |
43 |
33 |
33 |
36 |
49 |
36 |
Ireland (21)* |
| Resolving Insolvency (Rank) |
86 |
85 |
147 |
70 |
129 |
106 |
130 |
111 |
Japan (1) |
| Time (Years) |
3.0 |
3.0 |
3.2 |
2.2 |
3.0 |
1.9 |
3.8 |
3.6 |
Ireland (0.4) |
| Cost (% of Estate) |
7 |
7 |
34 |
18 |
15 |
22 |
8 |
18 |
Singapore (1)* |
| Recovery Rate (cents on the dollar) |
32.0 |
32.0 |
13.6 |
37.6 |
19.3 |
26.0 |
19.3 |
24.9 |
Japan (92.7) |
Key Information
- Ease of Doing Business Index: Senegal ranks 154th out of 183 economies, showing a slight improvement from 157th in 2011.
- Doing Business Indicators: These indicators cover 10 areas in the business life cycle, including 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.
- Methodology: The report uses a standardized company model, typically a limited liability company in the largest business city (Dakar), to evaluate the business environment. It measures the number of procedures, time, and cost required to start and operate a business.
- Comparative Analysis: Senegal is compared with other economies in Sub-Saharan Africa and globally to assess the ease of doing business.
- Changes Over Time: The report highlights the evolution of the business environment in Senegal and provides a benchmark for the best-performing economies in terms of procedures, time, and cost.
Key Reforms in Senegal
- DB2012: Senegal made starting a business easier by replacing the requirement for a copy of the founders' criminal records with a sworn declaration at the time of company registration.
- DB2011: No reform was recorded.
- DB2010: No reform was recorded.
- DB2009: The one-stop shop for business start-up became fully operational, merging more than half the procedures and speeding up the process.
Summary of Procedures for Starting a Business in Senegal
| No. |
Procedure |
Time to Complete |
Cost to Complete |
| 1 |
Deposit the founding capital with a bank |
1 day |
Included in the following procedure |
| 2 |
Notarize company bylaws and bank deposit of subscribed capital |
3 days (if notary prepares the articles of association) or 1 day (if notary only signs) |
- |
| 3 |
Register the company |
- |
- |
Conclusion
Senegal's business environment is characterized by relatively high costs and time for starting a business, dealing with construction permits, and paying taxes. While there have been some improvements in procedures and time, the country still lags behind many global and regional benchmarks. The report highlights the need for further regulatory reforms to enhance the ease of doing business and attract investment.