2013年-世界发展银行全球_Doing_Business_Economy_Profile_2013___Venezuela_RB_114页_1mb

Economy Profile: Venezuela, RB Summary

Core Content Overview

The document provides an analysis of the business environment in Venezuela, RB, based on the Doing Business 2013 report. It evaluates regulatory reforms and their impact on the ease of doing business for small and medium-sized enterprises (SMEs) 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. The data is benchmarked against comparator economies and the global best practices.

Main Points

• Ease of Doing Business Index: Venezuela, RB ranked 180th out of 185 economies in 2013, a slight decline from 179th in 2012.
• Indicator Sets: The report measures and tracks changes in regulations affecting SMEs across 11 areas, using a simple average of percentile rankings.
• Key Areas Evaluated:
  • Starting a Business: Requires 17 procedures, takes 144 days, costs 27.7% of income per capita, and has 0.0% paid-in minimum capital.
  • Dealing with Construction Permits: Requires 10 procedures, takes 381 days, and costs 123.5% of income per capita.
  • Getting Electricity: Requires 6 procedures, takes 158 days, and costs 1,022.6% of income per capita.
  • Registering Property: Requires 8 procedures, takes 38 days, and costs 2.5% of property value.
  • Getting Credit: Ranked 159th, with 43.7% cost of claim.
  • Protecting Investors: Ranked 181st, with a strength of legal rights index of 1.
  • Paying Taxes: Ranked 185th, with 71 payments per year and 792 hours of compliance.
  • Trading Across Borders: Ranked 166th, with 8 documents to export and 49 days to export.
  • Enforcing Contracts: Ranked 80th, with 30 procedures and 510 days.
  • Resolving Insolvency: Ranked 163rd, with 4.0 years to resolve and 38% cost of estate.
  • Employing Workers: Not included in the aggregate ranking but still analyzed.

Key Information

• Comparative Performance: Venezuela, RB generally performs worse than comparator economies and the regional average in most areas.
• Best Performers: Economies like New Zealand, Singapore, and Hong Kong SAR, China are highlighted as best performers in several categories.
• Methodology: The report uses a standardized company assumption, which includes a limited liability company in Caracas with 10–50 employees, general commercial/industrial activities, and no paid-in minimum capital.
• Costs and Time: The report emphasizes the high costs and long time required to complete business procedures in Venezuela, RB, compared to other economies.
• Reforms: Venezuela, RB has seen no significant reforms in most years, with reforms in 2011 and 2013 actually making it more difficult to start a business by introducing new procedures and increasing costs.

Changes Over Time

• The number of procedures to start a business has remained stable at 17 since 2008.
• The time to start a business increased slightly from 141 days in 2012 to 144 days in 2013.
• The cost increased from 26.1% to 27.7% of income per capita.
• In 2011, a new procedure was introduced, making the process more complex.
• In 2013, the cost of company incorporation was increased, further deterring entrepreneurship.

Distance to Frontier

• The distance to frontier measure indicates how far an economy is from the best practices.
• Venezuela, RB has made minimal progress in several areas, with some indicators showing it is far from the frontier.
• This measure helps identify areas for reform and track progress over time.

Summary of Procedures

Key Findings

• High costs and long procedures are major obstacles to starting and running a business.
• Limited reforms have been implemented, with some reforms actually increasing difficulty.
• Regional and global benchmarks highlight the need for improvement in regulatory practices.
• The distance to frontier measure shows that Venezuela, RB is far from best practices in several key areas, especially in getting credit, protecting investors, and paying taxes.

Conclusion

The report underscores the challenges faced by entrepreneurs in Venezuela, RB, particularly in starting and operating a business. It highlights the importance of regulatory reform and the need for simplification of procedures, reduction of costs, and improvement in legal and institutional frameworks. The data serves as a benchmarking tool for policymakers to identify areas for improvement and align with global standards.