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Iva Hamel Private Sector Development Specialist, Indicator Based Reform Advisory, World Bank-IFC

Doing Business in Bosnia and Herzegovina. Iva Hamel Private Sector Development Specialist, Indicator Based Reform Advisory, World Bank-IFC. Sarajevo October 20 th , 2011. What does Doing Business measure?. Doing Business indicators:

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Iva Hamel Private Sector Development Specialist, Indicator Based Reform Advisory, World Bank-IFC

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  1. Doing Business inBosnia and Herzegovina Iva Hamel Private Sector Development Specialist, Indicator Based Reform Advisory, World Bank-IFC Sarajevo October 20th, 2011

  2. What does Doing Business measure? • Doing Business indicators: • Focus on regulations relevant to the life cycle of a small to medium-sized domestic business. • Are built on standardized case scenarios. • Are measured for the most populous city in each country. • Are focused on the formal sector. • DO NOT measure all aspects of the business environment such as macroeconomic stability, corruption, level of labor skills, proximity to markets, or of regulation specific to foreign investment or financial markets. 2

  3. Doing Business indicators – 11 areas of business regulation (9 included in the DB2011 ranking; 10 in DB2012)

  4. What's new in Doing Business 2012?

  5. Top 30 economies for the ease of doing business in 2010/11 5

  6. 12 economies improving the most in the ease of doing business in 2010/11

  7. Eastern Europe and Central Asia (ECA) made the greatest strides in making business easier • For 9 consecutive years, ECA has been the world’s most active region in improving business regulation for domestic firms. 21 out of 24 economies implemented 53 institutional and regulatory reforms

  8. Eastern Europe and Central Asia rankings on the ease of Doing Business 2010/11

  9. Eastern Europe and Central Asia economies score high in many areas of business regulation

  10. Bosnia and Herzegovina has reformed in 8 out of 10 areas of business regulation since DB 2005 Bosnia and Herzegovina has reformed its business environment in at least one area every year The pace of reforms was strongest in DB05 and DB09

  11. Bosnia and Herzegovina made great progress in reforming the process of starting a business ✔ Bosnia and Herzegovina made starting a business easier by replacing the required utilization permit with a simple notification of commencement of activities and by streamlining the process for obtaining a tax identification number. These reforms reduced the process by 24 days. 2) Apply for company identification number with the competent tax office: from 15 to 5 days 1) Application for utilization permit to the canton ministry of commerce: from 15 to 1 days

  12. Bosnia and Herzegovina simplified the process of dealing with construction permits ✔ Dealing with construction permits The Land Administration Project, which began in 2006, was completed in early 2011. The main goal of the project was to provide business community and citizens with a prompt access to property and ownership related data. As a result, land registry and cadastre in Sarajevo have been fully digitalized. This measure allows the Cadastre and Land Registry to check land related information much faster. Procedure to register the building into cadastre books at the municipal Cadastre Department was reduced from 89 to 15 days.

  13. Sustaining the pace of reforms: Starting a business • Eliminate minimum capital requirement • Make use of notaries optional • Eliminate the requirement to obtain a resolution on intended activities from the Municipality • Eliminate the requirement to buy a company stamp • Shift company registration from courts to a separate agency • Consolidate government approvals at one access point

  14. Sustaining the pace of reforms: Dealing with Construction Permits • Consolidate issuance of pre-construction clearances by the utility providers • Eliminate the requirement for Municipality to mark the land plot before construction • Issue the certificate of completion of construction with the final inspection • Reduce costs of compliance with building permit regulations • Computerize the application process • Consolidate the building permit approval process.

  15. Findings from recent research on regulatory reform impact: business entry and collateral laws DB’s unique global dataset enables empirical research on business regulation and private and financial sector development (>650 articles in peer-reviewed journals). Business regulation reforms in business start up…. Secured transactions and collateral regimes: • Predictable priority system for creditors in cases of default: credit as percentage of GDP is 60% (compared to 30% where no predictability) • Borrowers with collateral have 50% lower interest rates

  16. World Economic Forum Competitiveness Index and Doing Business 2011

  17. Thank you. For more information: www.doingbusiness.org 17

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