Doing Business In Vanuatu
Vanuatu is ranked number 60 on the World Bank ranking for ease of doing business in countries around the world in 2011, down one place from 59 last year.
But according to the statistics from the World Bank businesses in Vanuatu find it harder to trade and export their products overseas compared to those in Fiji. The World Bank ranks Vanuatu at 142 on trading across borders while Fiji is ranked 103.
On how easy it is to start a business, the two countries are about the same with Fiji ranked 103 and Vanuatu 4 points down at 107.
However, it is more than twice as easy to close a business in Vanuatu at 50 than in Fiji ranked 117. The reason for this Dionisia might be able to fill us in on.
Dealing with construction permits is also easier in Vanuatu ranked 21 to Fiji 58.
However, it is twice as easy to register a company in Fiji at rank number 50 to Vanuatu 108.
It is also twice as easy to get credit assistance in Fiji to Vanuatu, and investors are also better protected in Fiji than in Vanuatu.
Vanuatu, 19 is ranked just a few points better than Fiji, 22 on paying taxes, but Fiji’s ranking of 63 on enforcing contracts is better than Vanuatu’s on 76.