<\/a><\/li><\/ul><\/nav> <\/div>\n <\/div>\n\n\n\nThe World Bank put out its year « Doing Business » report where it reports on how easy it is to start and operate a business around the world.<\/p>\n\n\n\n
First, the good news. The DR Congo moved up four places to #175 out of 183. Break out the champagne. Seriously, though, the government was congratulated for having made improvements in the ease of registering property and starting a business. They even won the prize for the most improvements in obtaining construction permits.<\/p>\n\n\n\n
Now for the bad news. Seriously – 175th? That’s pretty terrible. Let’s see how easy it is to make a profit in the Congo. If you pay all of your taxes, you will be paying 340% of your profits in taxes, a process that will take you 8 full weeks (working 40 hours\/week) to do. In other words, nobody can even come to making a profit if you want to be legal – the government has institutionalized tax fraud.<\/p>\n\n\n\n
Other factoids are: In order to enforce a contract through the law, it will take you an average of almost two years and cost you 1.5 times the amount of the claim.<\/p>\n\n\n\n
Pretty atrocious. The government has made some improvements, this is true, over the past years. But apparently it’s been a drop in the bucket.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
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