2017年-世界发展银行全球_Economy_Profile_of_Malta_68页_1mb

Doing Business 2018 Summary: Malta

Core Content

The Doing Business 2018 report, published by the World Bank Group, evaluates business regulations and their enforcement in 190 economies and selected cities. It provides quantitative indicators that assess the ease of doing business across various dimensions, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labor market regulation. The report aims to encourage regulatory reforms by offering measurable benchmarks and promoting transparency in the business environment.

Key Indicators and Data for Malta

Main Points

• Starting a Business: The process in Malta involves 8 procedures, taking 16 days and costing 7.3% of income per capita. The paid-in minimum capital requirement is 1.1% of income per capita, which is significantly lower than the regional and OECD averages.
• Construction Permits: The process for building a warehouse involves 15 procedures, taking 167 days and costing 2.1% of the warehouse value. Malta's building quality control index is 13.0 out of 15, indicating a relatively strong regulatory framework.
• Comparative Analysis: Malta's performance is better than the regional average (Middle East & North Africa) in most indicators, but still lags behind OECD high-income economies and the overall best performers.

Key Features of the Doing Business Project

• Objective Measures: The report provides objective data on business regulations and their enforcement, allowing for cross-country and cross-time comparisons.
• Standardized Data Collection: It uses a consistent case scenario for each economy, assuming a 100% domestically owned limited liability company with five individual owners, operating in the largest business city (Valletta).
• Distance to Frontier (DTF): This measure shows how close an economy is to the best practices observed in the Doing Business sample since 2005. Malta's DTF scores are used to determine its ease of doing business ranking.
• Ease of Doing Business Ranking: The ranking is based on the aggregate DTF scores of all indicators, with Malta ranking within the regional context.
• Subnational Reports: The project also includes detailed reports on selected cities, allowing for a deeper analysis of local business environments and regulatory reforms.

Methodology Overview

• Procedures: Counted as the number of steps required to complete a task, with online procedures counted as 0.5 days.
• Time: Measured in calendar days, excluding time spent gathering information. Procedures that can be completed online are considered half days.
• Cost: Expressed as a percentage of income per capita or warehouse value, excluding bribes and professional fees unless mandated by law.
• Assumptions: The data is based on a standardized company and construction project, with no special incentives or legal exceptions. All procedures are assumed to be completed without prior contact with officials.

Key Indicators Explained

• Starting a Business: Includes procedures such as reserving a company name, drafting the memorandum and articles of association, depositing minimum capital, and obtaining a tax identification number.
• Dealing with Construction Permits: Involves applying for a building permit, obtaining fire and safety reports, responding to screening letters, and attending public hearings.
• Other Indicators: Include getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labor market regulation.

Conclusion

The Doing Business 2018 report highlights Malta's regulatory environment and provides a comprehensive comparison with other economies. It emphasizes the importance of transparency, efficiency, and the reduction of regulatory burdens to improve the business climate. The data collected and analyzed in this report serves as a valuable tool for policymakers, businesses, and researchers to understand and reform business regulations effectively.