Table 1.4 Indicators for Doing Business in Angola, 2011 Angola OECD 1. Starting a business
6. Protecting Investors
Procedures (#) Time (days) Cost (% of income per capita) Paid-in min capital (% income per cap) Rank (Change in rank from 2011)
Extent of disclosure index (0-10) Extent of director liability index (0Ease of shareholder suits index (0Investor protection strength (0-10) Rank (Change in rank from 2011)
8 68 118.9 25.3 167 (-3)
5 12 4.7 14.1
11 321 180.3 115 (+4)
14 152 45.7
8 48 890.5 120 (+5)
5 103 92.8
7 184 3.2 129 (+45)
5 31 4.4
3 4 2.4 0 126 (+4)
7 5 9.5 63.9
2. Dealing with Construction Permits Procedures (number) Time (days) Cost (% of income per capita) Rank (Change in rank from 2011)
Payments (number per year) Time (hours per year) Profit tax (%) Labor tax and contributions (%) Other taxes (%) Total tax rate (% profit) Rank (Change in rank from 2011)
Documents to export (#) Time to export (days) Cost to export (US$ per container) Documents to import (#) Time to import (days) Cost to import (US$ per container) Rank (Change in rank from 2011)
5. Getting Credit Strength of legal rights index (0-10) Depth of credit information index (0-6) Public registry coverage (% of adults) Private bureau coverage (% of adults) Rank (Change in rank from 2011)
5 6 6 5.7 65 (-5)
6 5 7 6
31 282 24.6 9 19.5 53.2 149 (-4)
13 186 15.4 24 3.2 42.7
11 48 1850 8 45 2690 163 (-1)
4 10 1032 5 11 1085
1011 44.4 46 181 (0)
518 19.7 31
6.2 22 6.9 133 (+6)
1.7 9 68.2
8. Trading across borders
4. Registering Property Procedures (number) Time (days) Cost (% of property value) Rank (Change in rank from 2011)
OECD
7. Paying Taxes
3. Getting electricity Procedures (number) Time (days) Cost (% of income per capita) Rank (Change in rank from 2011)
Angola
9. Enforcing Contracts Time (days) Cost (% of claim) Procedures (number) Rank (Change in rank from 2011)
10. Resolving Insolvency Time (years) Cost (% of estate) Recovery rate (cents on the dollar0 Rank (Change in rank from 2011)
Source: World Bank 2012. Note: Ranking is out of 183 countries. OECD = Organisation for Economic Co-operation and Development.
Despite some efforts to improve the situation, corruption and weak governance remain major hurdles in Angola (as shown in Figure 1.4). In fact, the country is perceived to have one of the highest levels of corruption in the world (CRES 2008). In relation to domestic sourcing policies in the petroleum sector, many questions are being raised around the conflict of interest arising from Sonangol’s role as operator and shareholder in oilservice companies (IEA 2006).
19