2013年-世界发展银行全球_Doing_Business_2014_Economy_Profile___Maldives_106页_1mb

Doing Business 2014: Maldives Economy Profile Summary

Core Content Overview

The Doing Business 2014 report evaluates the ease of doing business in 189 economies, including Maldives, by analyzing 11 key areas of business regulations. These areas 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 provides rankings, procedures, time, and cost metrics for each of these areas, allowing for cross-country comparisons and insights into regulatory improvements.

Key Indicators and Performance

Ease of Doing Business Index

• DB2014 Rank: 95
• DB2013 Rank: 81
• Change in Rank: -14
• Distance to Frontier (DTF) 2014: 62.61
• DTF 2013: 64.26
• Change in DTF: -1.65

The DTF measures how far an economy is from the best practices in each indicator. A lower DTF indicates a need for improvement.

Ease of Starting a Business

• Rank: 71
• Procedures: 5
• Time (days): 9.0
• Cost (% of income per capita): 6.2
• Paid-in Minimum Capital (% of income per capita): 2.3

Maldives has made no significant reforms in this area from DB2009 to DB2014.

Dealing with Construction Permits

• Rank: 18
• Procedures: 8
• Time (days): 174.0
• Cost (% of income per capita): 8.6

Maldives performs relatively well compared to other economies, but there is still room for improvement.

Getting Electricity

• Rank: 131
• Procedures: 6
• Time (days): 108
• Cost (% of income per capita): 398.1

The cost and time for getting electricity are relatively high, indicating a need for regulatory reforms.

Registering Property

• Rank: 161
• Procedures: 6
• Time (days): 57.0
• Cost (% of property value): 16.2

Maldives has one of the worst rankings in this area, with high cost and time for property registration.

Getting Credit

• Rank: 109
• Strength of Legal Rights Index (0-10): 4
• Depth of Credit Information Index (0-6): 4
• Public Registry Coverage (% of adults): 17.5
• Private Bureau Coverage (% of adults): 0.0

The legal framework for credit is weak, and public registry coverage is low.

Protecting Investors

• Rank: 80
• Extent of Disclosure Index (0-10): 0
• Extent of Director Liability Index (0-10): 8
• Strength of Investor Protection Index (0-10): 5.3

Maldives has a weak investor protection framework, with no disclosure requirements and limited legal rights for investors.

Paying Taxes

• Rank: 115
• Payments (number per year): 30
• Time (hours per year): 413
• Cost (% of income per capita): 6.2

Paying taxes is a major burden for businesses in Maldives, with a high number of payments and time required.

Trading Across Borders

• Rank: 138
• Documents to Export: 7
• Time to Export (days): 21
• Cost to Export (US$ per container): 1,625
• Documents to Import: 9
• Time to Import (days): 22
• Cost to Import (US$ per container): 1,610

Maldives has a relatively high number of documents required for trade and higher costs compared to comparator economies.

Enforcing Contracts

• Rank: 90
• Time (days): 665
• Cost (% of claim): 16.5

The enforcement of contracts is slow and costly, indicating a need for legal and judicial reforms.

Resolving Insolvency

• Rank: 40
• Time (years): 1.5
• Cost (% of estate): 4
• Recovery Rate (cents on the dollar): 50.4

Maldives performs better in this area than many other economies, with a relatively short time and low cost for resolving insolvency.

Main Findings

• Maldives ranks 95th in the global ease of doing business index, showing a decline of 14 positions from 2013.
• The distance to frontier (DTF) for Maldives has decreased slightly, indicating a small improvement in some areas.
• Starting a business requires 5 procedures, 9 days, and costs 6.2% of income per capita.
• Dealing with construction permits is among the easiest in the world, but getting electricity and registering property are major challenges.
• Getting credit is hindered by weak legal rights and limited credit information.
• Paying taxes is a significant burden, with 30 payments and 413 hours per year.
• Trading across borders involves a high number of documents and costs, but the time required is relatively low.
• Enforcing contracts is very slow and costly.
• Resolving insolvency is relatively efficient, with a short time and low cost.

Key Areas for Improvement

• Getting electricity and registering property require significant time and cost.
• Paying taxes and getting credit are major hurdles for businesses.
• Enforcing contracts is a critical area that needs reform to improve legal and judicial efficiency.

Comparative Performance

• Maldives performs better than India, Indonesia, Sri Lanka, and Nepal in several areas.
• It is outperformed by Mauritius, Singapore, and New Zealand, which are among the best performers globally.

Conclusion

The Doing Business 2014 report highlights both the strengths and weaknesses of Maldives' business environment. While the country has a relatively efficient insolvency process, it lags in areas such as electricity access, property registration, credit availability, and contract enforcement. The report serves as a valuable tool for policymakers to identify areas for reform and improve the business climate in Maldives.