Ease of Doing Business Ministry of Economy and Sustainable Development of Georgia 2018

Transcription

1 Ministry of Economy and Sustainable Development of Georgia 2018

2 GEORGIA S RANKING 2018 Georgia s Ranking In In th place amongst 10 countries Overall distance to frontier (DTF) score (improvement by 2.12 points) THE CYCLE OF REFORMS FOR GEORGIA The Top Improver since 2003 in EE&CA and globally -With 4 institutional and regulatory reforms IMPORTANT REFORMS Significantly decrease of number of licenses & permits One-Stop-Shop & Silence is Consent principles Simplified tax code eliminated 6 taxes out of 21 The time and cost needed to register property fell New Zealand Singapure Denmark Georgia Macedonia Estonia Lithuania Latvia Poland Chezh Russia Slovenia Slovakia Armenia Azerbaijan Turkey Ukraine Georgia/2006 Georgia s Ranking Compared to Other Countries

3 Georgia is top 10 countries in following areas Protecting Minority Investors 2 nd position Registering Property 3 rd position Starting a Business 4 th position Enforcing Contracts th position In 2018 Georgia is listed amongst regional leaders in the top 20 countries on the total count of reforms In 2018 Georgia takes the 1 st position in region - Europe & Central Asia (amongst 24 countries) 4 Starting a Business * 2008 ** Dealing with construction permits Getting electricity ** Georgia s Ranking in 10 areas 4 1 Registering property 12 Getting credit Overall distance to frontier (DTF) in 10 areas 2 1 Protecting minority investors Paying taxes 62 4 Trading across borders 3 Enforcing contracts* 5 5 Resolving insolvency* Overall distance to frontier (DTF) In 2018 Georgia s Overall distance to frontier (DTF) score Region Average (Europe & Central Asia) 1.33 Resolving insolvency Enforcing contracts Trading across 83.6 borders Paying taxes Protecting minority 81.6 investors Starting a business Dealing with 68.0 construction.5 permits Getting electricity Registering property Getting credit

4 Starting a Business Dealing with Construction Permit In 2018 Georgia has 4 th position In 2018 Georgia has 2 th position Scores by components of Starting a Business Scores by components of Dealing with Construction Permits Procedures (number) Time (days) Cost (% of income per capita) Min. capital (% 0f income per capita) Procedures (number) Time (days) Cost (% of warehouse value) Building quality control (0-15)

5 Getting Electricity Registering Property In 2018 Georgia has 30 th position In 2018 Georgia has 5 th position Scores by components of Getting Electricity Scores by components of Registering Property Procedures (number) 6 1 Time (days) 16.8 Cost (% of income per capita) 5 Reliability of supply and transparency of tariff (0-8) Procedures (number) Time (days) 0.0 Cost (% of property value) Quality of the land administration (0-30)

6 Ease of Doing Business 201 Getting Credit Protecting Minority Investors In 2018 Georgia has 12 th position In 2018 Georgia has 2 nd position Scores by components of Getting Credit Scores by components of Protecting Investors Strength of legal rights (0-12) Depth of credit information (0-8) Credit registry coverage (% of adults) Credit bureau coverage (% of adults) disclosure (0-10) director liability (0-10) Ease of shareholder suits (0-10) conflict of interest regulation (0-10) shareholder rights (0-10) ownership and control (0-10) corporate transparency (0-) Strength of governance structure (0-10,5) Strength of minority investor protection (0 10)

7 Ease of Doing Business 201 Paying Taxes Trading Across Borders In 2018 Georgia has 22 nd position In 2018 Georgia has 62 nd position Scores by components of Paying Taxes Scores by components of Trading Across Borders Payments (number per year) Time (hours per year) 16.4 Total tax rate (% of profit) 85.8 Postfiling (0-100) 48 Time to export: Border (hours) Cost to export: Border (USD) 2 Time to export: Documentary (hours) 35 Cost to export: Documentary (USD) 15 Time to import: Border (hours) Cost to import: Border (USD) 2 Time to import: Documentary (hours) Cost to import: Documentary (USD)

8 Enforcing Contracts Resolving Insolvency In 2018 Georgia has th position In 2018 Georgia has 5 th position Scores by components of Enforcing Contracts Scores by components of Resolving Insolvency Time (days) Cost (% of claim) Quality of judicial processes (0-18) Time (years) Recovery rate (cents on the dollar) Cost (% of estate) Outcome (0 as piecemeal sale and 1 as going concern) Strength of insolvency framework (0-16)

9 Georgia implemented 4 reforms in Starting a business Dealing with construction permits Getting electricity Registering property Getting credit Protecting minority investors Paying taxes Trading across borders Enforcing Contracts Resolving insolvency Employing workers

10 WHAT IS DOING BUSINESS Doing Business is a part of the World Bank Group, the reports of which are published annually Presents quantitative indicators on business regulations and the protection of property rights The reports investigate regulations that enhance and constrain business activity Doing Business 2018 covers 10 indicators, in 10 economies The first Doing Business report, published in 2003, covered 5 indicator sets in 133 economies

11 WHAT DO THE DOING BUSINESS INDICATORS MEASURE Business regulation, protection of property rights & their effects on businesses, especially on SMEs Degree of regulation, such as the number of procedures for starting a business or for registering and transferring commercial property They gauge regulatory outcomes, such as: o o o Time and cost to enforce a contract, go through bankruptcy or trade across borders The extent of legal protection of property A set of indicators that document the tax burden on businesses WHAT DOING BUSINESS COVERS Sub-groups of Doing Business 2018 of 10 economies o Sub-Saharan Africa: 48 economies o Latin America and The Caribbean: 32 economies o Eastern Europe and Central Asia: 24 economies o East Asia and the Pacific: 25 economies o Middle East and North Africa: 20 economies o South Asia: 8 economies o OECD high-income economies as benchmarks: 31 economies