2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Palau_98页_2mb

Palau Economy Profile in Doing Business 2016

Core Content

Doing Business 2016 is a report by the World Bank that measures and tracks regulatory quality and efficiency in 189 economies, focusing on 11 key areas of the business life cycle. The report provides quantitative indicators that help policy makers understand the ease of doing business and identify effective regulatory reforms.

Key Areas Covered

The report evaluates the following key areas:

• 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
• Labor market regulation

Methodology and Updates

In 2016, the methodology was updated with the following changes:

• Expanded focus on five indicator sets (starting a business, dealing with construction permits, getting electricity, registering property, and labor market regulation).
• Substantial revision to the methodology for the trading across borders indicator.
• Small updates to the protecting minority investors indicator.
• The labor market regulation indicators are not included in the aggregate ease of doing business ranking or the distance to frontier score.

Key Indicators for Palau

Overall Ranking and Performance

• DB2016 Rank: 136
• DB2015 Rank: 131 (adjusted for methodology and data changes)
• Change in Rank: -5
• DB2016 DTF Score: 53.43
• DB2015 DTF Score: 53.43
• Change in DTF Score: 0

Starting a Business

• Rank: 116
• DTF Score: 81.85
• Procedures: 8
• Time (days): 28
• Cost (% of income per capita): 3.3
• Paid-in minimum capital (% of income per capita): 8.7

Dealing with Construction Permits

• Rank: 101
• DTF Score: 67.56
• Procedures: 19
• Time (days): 72
• Cost (% of warehouse value): 0.8
• Building quality control index (0-15): 6.5

Getting Electricity

• Rank: 138
• DTF Score: 54.81
• Procedures: 5
• Time (days): 125
• Cost (% of income per capita): 73.9
• Reliability of supply and transparency of tariff index (0-8): 0.0

Registering Property

• Rank: 46
• DTF Score: 74.28
• Procedures: 5
• Time (days): 14
• Cost (% of property value): 0.3
• Quality of land administration index (0-30): 11.5

Getting Credit

• Rank: 79
• DTF Score: 50
• Strength of legal rights index (0-12): 10.0
• Depth of credit information index (0-8): 0.0
• Credit registry coverage (% of adults): 0.0
• Credit bureau coverage (% of adults): 0.0

Protecting Minority Investors

• Rank: 182
• DTF Score: 28.33
• Strength of minority investor protection index (0-10): 2.8
• Extent of conflict of interest regulation index (0-10): 2.3
• Extent of shareholder governance index (0-10): 3.3

Paying Taxes

• Rank: 131
• DTF Score: 64.65
• Payments (number per year): 11
• Time (hours per year): 142
• Total tax rate (% of profit): 75.4

Trading Across Borders

• Rank: 155
• DTF Score: 46.22
• Time to export: Border compliance (hours): 102
• Cost to export: Border compliance (USD): 505
• Time to export: Documentary compliance (hours): 168
• Cost to export: Documentary compliance (USD): 200
• Time to import: Border compliance (hours): 84
• Cost to import: Border compliance (USD): 605
• Time to import: Documentary compliance (hours): 168
• Cost to import: Documentary compliance (USD): 143

Enforcing Contracts

• Rank: 130
• DTF Score: 50.36
• Time (days): 810
• Cost (% of claim): 35.3
• Quality of judicial processes index (0-18): 8.5

Resolving Insolvency

• Rank: 166
• DTF Score: 16.28
• Recovery rate (cents on the dollar): 30.3
• Time (years): 2
• Cost (% of estate): 22.5
• Strength of insolvency framework index (0-16): 0.0

Main Findings

• Palau's ease of doing business ranking in 2016 is 136, showing a slight decline from 2015.
• Palau's distance to frontier (DTF) score remains unchanged at 53.43, indicating no significant improvement or deterioration in regulatory practices.
• Palau's performance in starting a business is relatively strong, with a DTF score of 81.85, placing it ahead of many comparator economies.
• The getting electricity and registering property indicators are relatively weak, with DTF scores of 54.81 and 74.28, respectively.
• Protecting minority investors and enforcing contracts are areas where Palau lags behind, with DTF scores of 28.33 and 50.36, respectively.
• Paying taxes is also a challenge, with a DTF score of 64.65, indicating room for improvement.
• Trading across borders is a major weakness, with a DTF score of 46.22, reflecting high costs and time for both export and import processes.
• Resolving insolvency is the weakest area, with a DTF score of 16.28, highlighting the need for stronger legal and regulatory frameworks in this domain.

Key Information

• The report compares Palau with other economies, including Australia, Kiribati, Marshall Islands, Micronesia, Samoa, and Solomon Islands.
• It includes data from June 1, 2015, with the exception of the paying taxes indicators, which cover January–December 2014.
• The report does not include labor market regulation in the aggregate ease of doing business ranking or DTF score.
• The methodology focuses on local limited liability companies in the largest business city and does not cover all aspects of an economy, such as proximity to large markets or infrastructure quality outside of the specific indicators.

Conclusion

Doing Business 2016 provides a comprehensive overview of Palau's regulatory environment, highlighting areas where the country performs well and where improvements are needed. While Palau maintains a stable DTF score, it faces significant challenges in trading across borders, enforcing contracts, and resolving insolvency. These findings can guide policymakers in implementing targeted reforms to enhance the business environment.