2013年-世界发展银行全球_Doing_Business_2014_Economy_Profile___Equatorial_Guinea_106页_1mb

Doing Business 2014: Equatorial Guinea Summary

Core Content Overview

The Doing Business 2014 report evaluates the ease of doing business across 189 economies, focusing on regulations that impact small and medium-sized enterprises (SMEs). For Equatorial Guinea, the report provides an in-depth analysis of the regulatory environment through various indicators, 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.

Key Indicators and Performance

Ease of Doing Business Ranking

• DB2014 Rank: 166
• DB2013 Rank: 164
• Change in Rank: -2
• Distance to Frontier (DTF): 49.12
• Change in DTF: +0.02

Main Business Indicators

Dealing with Construction Permits

• Rank: 125
• Procedures: 15
• Time (days): 166.0
• Cost (% of income per capita): 134.4
• Best Performer: Qatar (1.1)

Getting Electricity

• Rank: 99
• Procedures: 5
• Time (days): 106
• Cost (% of income per capita): 509.8
• Best Performer: Japan (0.0)

Registering Property

• Rank: 109
• Procedures: 6
• Time (days): 23.0
• Cost (% of property value): 12.5
• Best Performer: New Zealand (1.0)

Getting Credit

• Rank: 109
• Strength of Legal Rights Index (0-10): 6
• Depth of Credit Information Index (0-6): 2
• Public Registry Coverage (% of adults): 4.7
• Best Performer: Malaysia (1)

Protecting Investors

• Rank: 147
• Extent of Disclosure: 6
• Strength of Investor Protection Index (0-10): 3.7
• Best Performer: New Zealand (9.7)

Paying Taxes

• Rank: 177
• Payments (number per year): 46
• Time (hours per year): 492
• Best Performer: United Arab Emirates (1)

Trading Across Borders

• Rank: 137
• Documents to Export: 7
• Time to Export (days): 29
• Cost to Export (US$ per container): 1,390
• Best Performer: Singapore (1) |

Enforcing Contracts

• Rank: 50
• Time (days): 475
• Cost (% of claim): 18.5
• Best Performer: Bhutan (0.1) |

Resolving Insolvency

• Rank: 189
• Time (years): No practice
• Cost (% of estate): No practice
• Recovery Rate (cents on the dollar): 0.0
• Best Performer: Japan (92.8) |

Main Findings and Insights

• Equatorial Guinea ranks 166 out of 189 economies in terms of ease of doing business, indicating a relatively difficult environment for SMEs.
• The distance to frontier (DTF) score of 49.12 shows that the country has made minimal progress toward the best practices in business regulations since 2005.
• Starting a business is the most challenging area, requiring 18 procedures, taking 135 days, and costing 98.6% of income per capita.
• Getting electricity is also a significant hurdle, with a cost of 509.8% of income per capita and a time of 106 days.
• Registering property is relatively efficient, with 6 procedures, 23 days, and a cost of 12.5% of property value.
• Getting credit is difficult, with a low depth of credit information and limited public registry coverage.
• Paying taxes is among the most burdensome, requiring 46 payments and taking 492 hours per year.
• Trading across borders is moderately challenging, with 7 export documents and a cost of $1,390 per container.
• Enforcing contracts is a major challenge, with an average of 475 days and a cost of 18.5% of claims.
• Resolving insolvency is the most difficult area, with no established procedures and a recovery rate of 0 cents on the dollar.

Key Observations

• The report highlights that the business environment in Equatorial Guinea is not conducive to SMEs, with high procedural burdens, long timeframes, and significant costs.
• While some areas like registering property show relative efficiency, others such as starting a business, getting credit, and enforcing contracts remain problematic.
• No reforms were recorded in Equatorial Guinea for the period from DB2009 to DB2014.
• The DTF measure helps assess progress over time, but the minimal change suggests that regulatory improvements are limited.

Methodology and Notes

• The indicators are based on the standardized company assumption: a limited liability company in the largest business city, 100% domestically owned, with 10–50 employees and conducting general commercial or industrial activities.
• The report does not include all aspects of the business environment, such as proximity to markets or infrastructure quality beyond electricity and trade.
• The distance to frontier measure is normalized to a scale of 0–100, with 100 representing the best performance.
• The data for Equatorial Guinea is current as of June 1, 2013, except for the paying taxes indicators, which cover January–December 2012.

Conclusion

Equatorial Guinea faces significant challenges in its business environment, particularly in starting a business, getting credit, and enforcing contracts. While there are some relatively efficient procedures in registering property, the lack of reforms and the high costs and procedural burdens indicate a need for substantial regulatory improvements to enhance the ease of doing business. The DTF measure suggests limited progress toward best practices, highlighting the importance of continued reform efforts.