The Business Location topic measures three different options purchasing, leasing, and building that are available to entrepreneurs to choose the adequate location to set up their company, across three different dimensions, here referred to as pillars. The first pillar assesses the quality of regulations pertaining to property transfer, building, and environmental permitting, covering de jure features of a regulatory framework that are necessary for immovable property lease, property ownership, urban planning, and environmental licenses. The second pillar assesses the quality of public services and transparency of information in the provision of property transfer, building, and environmental permitting. The third pillar measures the operational efficiency of establishing a business location in practice. The interaction between these three pillars ensures a comprehensive evaluation of business location, balancing regulatory quality, service transparency, and operational efficiency to create an optimal environment for business establishment. The three pillars consider both the firm's flexibility and the broader social benefits. They ensure a more balanced approach accounting for private sector needs while safeguarding public interests, such as environmental sustainability and public safety. Each pillar is divided into categories—defined by common features that inform the grouping into a particular category—and each category is further divided into subcategories. Each subcategory has several indicators, each of which may, in turn, have several components. Relevant points are assigned to each indicator and subsequently aggregated to obtain the number of points for each subcategory, category, and pillar.
Latest Score: 2024

# | Description | Value |
---|---|---|
1 | Time to obtain a construction-related permit (days) | 21 |
2 | Perceptions index of access to land as a constraint | 80 |
3 | Time to obtain a building permit (days) | 253 |
4 | Cost to obtain a building permit (% of GNI per capita) | 731 |
5 | Time to obtain a property (days) | 180 |
6 | Cost to obtain a property (% of GNI per capita) | 596 |
7 | Time to obtain environmental permits (days) | 120 |
8 | Cost to obtain environmental permits (% of GNI per capita) | 741 |
Detailed Score for each Pillar - Year 2024
Regulatory Framework
Public Service
Operational Efficiency
Regulatory Framework
The first pillar assesses the quality of regulations pertaining to property transfer, building, and environmental permitting, covering de jure features of a regulatory framework that are necessary for immovable property lease, property ownership, urban planning, and environmental licenses.
Public Services
The second pillar assesses the quality of public services and transparency of information in the provision of property transfer, building, and environmental permitting.
Operational Efficiency
This pillar measures the operational efficiency of establishing a business location in practice