Closing a business, cost (% of estate) by country
The cost of the proceedings is recorded as a percentage of the estate’s value. The cost is calculated on the basis of survey responses by insolvency practitioners and includes court fees as well as fees of insolvency practitioners, independent assessors, lawyers and accountants. Respondents provide cost estimates...
What the numbers show
Closing a business, cost (% of estate) is currently reported for 46 countries. The highest value is 76.0% in Central African Republic; the lowest is 7.0% in Senegal.
The median across all reporting countries is 18.0%, and the mean is 21.8%.
The gap between the highest and lowest reporting country is a factor of about 11.
Over the past decade 1 countries rose and 1 fell. The largest increase was in Benin (up 46.7%), and the largest decrease in Malawi (down 16.7%).
Closing a business, cost: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Central African Republic | 76.0% | 2012 | unchanged | flat |
| 2 | Chad | 60.0% | 2012 | unchanged | flat |
| 3 | Rwanda | 50.0% | 2012 | unchanged | flat |
| 4 | Liberia | 43.0% | 2012 | unchanged | flat |
| 5 | Sierra Leone | 42.0% | 2012 | unchanged | flat |
| 6 | Cameroon | 34.0% | 2012 | unchanged | flat |
| 7 | Uganda | 30.0% | 2012 | unchanged | flat |
| 7 | Burundi | 30.0% | 2012 | unchanged | flat |
| 7 | Madagascar | 30.0% | 2012 | unchanged | flat |
| 10 | Democratic Republic of Congo | 29.0% | 2012 | unchanged | flat |
| 11 | Congo | 25.0% | 2012 | unchanged | flat |
| 11 | Malawi | 25.0% | 2012 | down 16.7% | falling |
| 13 | Sao Tome and Principe | 22.0% | 2012 | unchanged | flat |
| 13 | Tanzania | 22.0% | 2012 | unchanged | flat |
| 13 | Zimbabwe | 22.0% | 2012 | unchanged | flat |
| 13 | Nigeria | 22.0% | 2012 | unchanged | flat |
| 13 | Angola | 22.0% | 2012 | unchanged | flat |
| 13 | Benin | 22.0% | 2012 | up 46.7% | rising |
| 13 | Egypt | 22.0% | 2012 | unchanged | flat |
| 13 | Kenya | 22.0% | 2012 | unchanged | flat |
| 13 | Ghana | 22.0% | 2012 | unchanged | flat |
| 22 | Sudan | 20.0% | 2012 | unchanged | flat |
| 23 | Mali | 18.0% | 2012 | unchanged | flat |
| 23 | South Africa | 18.0% | 2012 | unchanged | flat |
| 23 | Cote d'Ivoire | 18.0% | 2012 | unchanged | flat |
| 23 | Djibouti | 18.0% | 2012 | unchanged | flat |
| 23 | Morocco | 18.0% | 2012 | unchanged | flat |
| 23 | Niger | 18.0% | 2012 | unchanged | flat |
| 29 | Botswana | 15.0% | 2012 | unchanged | flat |
| 29 | Namibia | 15.0% | 2012 | unchanged | flat |
| 29 | Gabon | 15.0% | 2012 | unchanged | flat |
| 29 | Ethiopia | 15.0% | 2012 | unchanged | flat |
| 29 | Togo | 15.0% | 2012 | unchanged | flat |
| 29 | Eswatini | 15.0% | 2012 | unchanged | flat |
| 29 | Mauritius | 15.0% | 2012 | unchanged | flat |
| 29 | Gambia | 15.0% | 2012 | unchanged | flat |
| 37 | Seychelles | 11.0% | 2012 | unchanged | flat |
| 38 | Mauritania | 9.0% | 2012 | unchanged | flat |
| 38 | Burkina Faso | 9.0% | 2012 | unchanged | flat |
| 38 | Mozambique | 9.0% | 2012 | unchanged | flat |
| 38 | Zambia | 9.0% | 2012 | unchanged | flat |
| 42 | Lesotho | 8.0% | 2012 | unchanged | flat |
| 42 | Guinea | 8.0% | 2012 | unchanged | flat |
| 44 | Algeria | 7.0% | 2012 | unchanged | flat |
| 44 | Tunisia | 7.0% | 2012 | unchanged | flat |
| 44 | Senegal | 7.0% | 2012 | unchanged | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
About this data
The cost of the proceedings is recorded as a percentage of the estate’s value. The cost is calculated on the basis of survey responses by insolvency practitioners and includes court fees as well as fees of insolvency practitioners, independent assessors, lawyers and accountants. Respondents provide cost estimates from among the following options: less than 2%, 2–5%, 5–8%, 8–11%, 11–18%, 18–25%, 25–33%, 33–50%, 50–75% and more than 75% of the value of the business estate. This is the cost of the bankruptcy proceedings. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.