Closing a business, cost (% of estate) - Doing business - Development outcomes - African Development Indicators

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

Rank	Country	Value
Closing a business, cost (% of estate) - Doing business - Development outcomes - African Development Indicators (2009)
1	Central African Republic	76
2	Liberia	43
3	Sierra Leone	42
4	Malawi	30
5	Uganda	30
6	Democratic Republic of the Congo	29
7	Republic of the Congo	24
8	Angola	22
9	Benin	22
10	Zimbabwe	22
11	Nigeria	22
12	Egypt	22
13	Tanzania	22
14	Ghana	22
15	Kenya	22
16	Sub-Saharan Africa excluding South Africa	20.41
17	Sub-Saharan Africa excluding South Africa and Nigeria	20.36
18	Sub-Saharan Africa	20.34
19	Africa	19.64
20	Ivory Coast	18
21	Mali	18
22	Niger	18
23	Morocco	18
24	South Africa	18
25	Djibouti	18
26	Botswana	15
27	Cameroon	15
28	Mauritius	15
29	Gambia	15
30	Gabon	15
31	Togo	15
32	Ethiopia	15
33	Namibia	15
34	Swaziland	15
35	North Africa	13.50
36	Burkina Faso	9
37	Mauritania	9
38	Mozambique	9
39	Zambia	9
40	Lesotho	8
41	Guinea	8
42	Senegal	7
43	Tunisia	7
44	Algeria	7

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Encyclopedia of the Nations

Closing a business, cost (% of estate) - Doing business - Development outcomes - African Development Indicators

Rank

Country

Value