Cabo Verde - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Cabo Verde was 13.04 as of 2020. Its highest value over the past 12 years was 16.37 in 2019, while its lowest value was 1.60 in 2008.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2008 1.60
2009 2.62
2010 2.98
2011 3.79
2012 2.93
2013 3.06
2014 3.03
2015 3.72
2016 9.16
2017 12.21
2018 16.20
2019 16.37
2020 13.04

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2006 7.80
2009 30.50

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2006 11.40
2009 3.20

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 74.00

Time required to get electricity (days)

The value for Time required to get electricity (days) in Cabo Verde was 81.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 81.00 in 2019 and a minimum value of 81.00 in 2009.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2009 81.00
2010 81.00
2011 81.00
2012 81.00
2013 81.00
2014 81.00
2015 81.00
2016 81.00
2017 81.00
2018 81.00
2019 81.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2006 19.57

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 68.90

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 43.20

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2006 10.40
2009 1.10

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Cabo Verde was 18.70 as of 2019. Its highest value over the past 14 years was 18.70 in 2019, while its lowest value was 17.60 in 2013.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2005 18.50
2006 18.50
2007 18.50
2008 18.50
2009 18.50
2010 18.50
2011 18.50
2012 18.50
2013 17.60
2014 17.60
2015 17.60
2016 17.60
2017 17.60
2018 18.10
2019 18.70

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Cabo Verde was 0.40 as of 2019. Its highest value over the past 14 years was 13.00 in 2009, while its lowest value was 0.20 in 2010.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 12.60
2006 12.60
2007 12.60
2008 12.60
2009 13.00
2010 0.20
2011 0.80
2012 0.80
2013 0.70
2014 0.70
2015 0.40
2016 0.40
2017 0.40
2018 0.40
2019 0.40

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Cabo Verde was 18.30 as of 2019. Its highest value over the past 14 years was 22.00 in 2008, while its lowest value was 18.00 in 2012.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 22.00
2006 22.00
2007 22.00
2008 22.00
2009 18.20
2010 18.90
2011 18.60
2012 18.00
2013 18.20
2014 18.20
2015 18.50
2016 18.60
2017 18.60
2018 18.50
2019 18.30

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment