Friday, March 21, 2008

Starting a Business in Nepal?!

We think the numbers pretty much sum out how difficult this business venture will be here in Nepal:

Exploring Economies
This page shows summary Doing Business 2008 data for the selected economy. The first table lists the overall "Ease of Doing Business" rank (out of 178 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economic data:

Nepal

Region: South Asia
Income category: Low income
Population: 27,658,148
GNI per capita (US$): 290.00

Ease of Doing Business 2008 rank (out of 178 economies)

Doing Business----- 111
Starting a Business------ 60
Dealing with Licenses----- 125
Employing Workers------ 155
Getting Credit------- 97
Paying Taxes------ 92
Trading Across Borders---- 151
Enforcing Contracts----- 123
Closing a Business------95


Trading Across Borders
The costs and procedures involved in exporting a standardized shipment of goods are detailed under this topic. Every official procedure involved is recorded - starting from the final contractual agreement between the two parties, and ending with the delivery of the goods.

Indicator----------------------Nepal----Region---Dev. Countries
Documents for export (#)----------9-------8.6--------4.5
Time for export (days) ------------43------32.5-------9.8
Cost to export (US$/ container) 1,600----1,179.9----905.0

*We eat figures like this for breakfast...bring it on!*

More info: http://www.doingbusiness.org/ExploreEconomies/Default.aspx?economyid=136

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