2013年-世界发展银行全球_Doing_Business_2014_Economy_Profile___Grenada_103页_1mb

Summary of Doing Business 2014: Grenada

Core Content

The Doing Business 2014 report evaluates the ease of doing business in Grenada by analyzing 11 key areas of business regulation. These include 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 report compares Grenada with other economies and provides data on the number of procedures, time, and cost required to complete these tasks, offering insights into the business environment and potential areas for reform.

Main Points

Ease of Doing Business Index

• Grenada's rank in the global ease of doing business index is 107 in 2014, a 5-point decline from 2013.
• The Distance to Frontier (DTF) score for Grenada in 2014 is 60.33, with a 0.03-point increase from 2013.
• The DTF measures how far an economy is from the best practices in each indicator, with 100 representing the most efficient performance.

Key Business Regulations

The report focuses on the following areas:

Starting a Business

• Grenada requires 6 procedures, taking 15 days and costing 19.7% of income per capita.
• Paid-in minimum capital is 0.0% of income per capita.
• Grenada ranks 72nd globally for ease of starting a business.
• The procedures include name reservation, articles of incorporation, notice of address, notice of directors, and request for name search.

Dealing with Construction Permits

• Requires 8 procedures, taking 123 days and costing 18.4% of income per capita.
• Grenada ranks 9th globally, which is relatively better than most comparator economies.
• The time and cost are significantly higher than the best performer, Hong Kong SAR, China, which takes 26 days and costs 6% of income per capita.

Getting Electricity

• Requires 6 procedures, taking 49 days and costing 280.9% of income per capita.
• Grenada ranks 71st globally, with the cost being much higher than the best performer, Japan, which costs 0.0%.
• The time is similar to other comparator economies, but the cost is notably high.

Registering Property

• Requires 8 procedures, taking 47 days and costing 7.4% of property value.
• Grenada ranks 157th globally, far behind the best performer, Georgia, which takes 1 day and costs 0.0%.
• The cost is relatively low compared to comparator economies like Jamaica and Trinidad and Tobago, but the time is still high.

Getting Credit

• Grenada ranks 130th globally.
• The Strength of legal rights index is 7, while the Depth of credit information index is 0.
• The public registry coverage is 0.0%, and private bureau coverage is 0.0%.

Protecting Investors

• Grenada ranks 34th globally.
• The extent of disclosure is 4, and the strength of investor protection index is 6.3.
• The best performer, New Zealand, has a score of 9.7.

Paying Taxes

• Grenada ranks 90th globally.
• Requires 30 payments annually, taking 140 hours and costing $1,300 per container for exports.
• The best performer, United Arab Emirates, requires only 3 payments and takes 12 hours.

Trading Across Borders

• Grenada ranks 61st globally.
• Requires 4 documents for exports and 6 documents for imports.
• The time to export is 9 days, and the time to import is 9 days.
• The best performer, Singapore, requires only 2 documents for exports and 4 documents for imports, with a time to export of 6 days.

Enforcing Contracts

• Grenada ranks 166th globally.
• Requires 46 procedures, taking 688 days and costing 32.6% of claim.
• The best performer, Singapore, takes only 150 days and has a recovery rate of 440 cents per dollar.

Resolving Insolvency

• Grenada ranks 189th globally.
• There is no practice for resolving insolvency, with no recovery rate and no procedures recorded.
• The best performer, Japan, takes 0.4 years and has a recovery rate of 92.8 cents per dollar.

Key Information

• Region: Latin America & Caribbean
• Income Category: Upper middle income
• Population: 105,483
• GNI per capita (US$): 7,110
• DB2014 Rank: 107
• DB2013 Rank: 102 (adjusted for data corrections and new economies)
• DTF (Distance to Frontier): 60.33
• DTF (2013): 60.32
• Change in DTF: +0.03

Reforms in Grenada

• DB2011: Grenada eased business start-up by transferring responsibility for the commercial registry from the courts to the civil administration.
• Other years (DB2009, DB2010, DB2012, DB2013, DB2014): No further reforms were recorded by the Doing Business methodology.

Comparative Insights

• Grenada performs better than many comparator economies in the starting a business and dealing with construction permits indicators.
• However, it lags significantly behind in registering property, getting credit, enforcing contracts, and resolving insolvency.
• The cost to export and import is relatively high compared to other economies in the region and globally.
• The getting electricity indicator shows a high cost, indicating a potential area for improvement.

Conclusion

The Doing Business 2014 report provides a comprehensive overview of Grenada's regulatory environment for small and medium enterprises. While Grenada has made some progress in streamlining business start-up procedures, it still faces significant challenges in areas such as property registration, credit access, and insolvency resolution. These findings can support policymakers in identifying areas where regulatory reforms could enhance the business environment and attract more investment.