2012年-世界发展银行全球_Doing_Business_Economy_Profile_2013___Cyprus_114页_1mb

Summary of Cyprus Economy Profile in Doing Business 2013

Core Content

The Doing Business 2013 report evaluates the regulatory environment for small and medium-sized enterprises (SMEs) in Cyprus and compares it with other economies. It provides data on the ease of doing business across 11 key areas, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and employing workers.

Main Points

• Ease of Doing Business Index: Cyprus is ranked 36th out of 185 economies in the ease of doing business index, showing a slight improvement from the previous year (rank 37).
• Key Indicators:
  • Starting a Business: Cyprus requires 6 procedures, takes 8 days, and costs 12.4% of income per capita. It has no paid-in minimum capital requirement.
  • Dealing with Construction Permits: Cyprus ranks 80th, requiring 9 procedures, taking 677 days, and costing 51.1% of income per capita.
  • Getting Electricity: Cyprus ranks 98th, requiring 5 procedures, taking 247 days, and costing 86.5% of income per capita.
  • Registering Property: Cyprus ranks 99th, requiring 6 procedures, taking 28 days, and costing 9.7% of property value.
  • Getting Credit: Cyprus ranks 53rd, with a strength of legal rights index of 9 and a depth of credit information index of 2.
  • Protecting Investors: Cyprus ranks 32nd, with a strength of investor protection index of 6.3.
  • Paying Taxes: Cyprus ranks 31st, requiring 28 payments and taking 147 hours per year.
  • Trading Across Borders: Cyprus ranks 18th, requiring 5 documents for exports and 7 for imports, with an export time of 7 days and import time of 5 days.
  • Enforcing Contracts: Cyprus ranks 108th, taking 735 days and costing 16.4% of claim.
  • Resolving Insolvency: Cyprus ranks 25th, taking 1.5 years and costing 15% of estate.

Key Information

• The report includes data for Cyprus and several comparator economies (e.g., Bulgaria, Germany, Greece, Italy, Lebanon, Turkey) and highlights Cyprus's performance relative to these.
• The methodology measures the ease of doing business using a simple average of percentile rankings across 10 topics.
• The distance to frontier measure is used to assess how much an economy has improved over time compared to the best practices.
• Cyprus has not implemented significant business regulation reforms since 2008 as measured by the Doing Business indicators.

Comparative Performance

• Cyprus performs better than many of its regional neighbors but lags behind global leaders in several areas.
• For instance, New Zealand and Singapore are top performers in starting a business and getting electricity, respectively.
• The United Arab Emirates is the best performer in paying taxes, with the lowest cost and number of procedures.

Trends and Changes

• Cyprus's rank in the ease of doing business index has improved slightly from 37 in 2012 to 36 in 2013.
• The number of procedures, time, and cost for starting a business have remained consistent over the years.
• There is no paid-in minimum capital requirement, which is a positive factor for entrepreneurs.
• In the area of resolving insolvency, Cyprus has made progress, moving closer to the frontier in terms of time and cost.

Data Notes

• The data for Cyprus are current as of June 1, 2012, except for the paying taxes indicators, which cover January–December 2011.
• The methodology assumes that all information is readily available, no prior contact with officials, and no bribes.
• Some data for previous years are not applicable due to the economy not being included in the Doing Business sample.
• The report is a collaboration between The World Bank and the International Finance Corporation, and it is available under a Creative Commons license.

Conclusion

Cyprus has a relatively favorable business environment, especially in terms of starting a business and resolving insolvency. However, it still faces significant challenges in areas such as dealing with construction permits and getting electricity. The report suggests that Cyprus has not made substantial regulatory reforms in recent years, and there is potential for improvement in several areas to enhance the ease of doing business.