Doing business in Afghanistan just got easier, BACCI director speaks to world bank

World Bank

KABUL: The world bank annual ease of doing business ranking has been published and Afghanistan has jumped from 183 position in 2018 to 167 in 2019 in the world. 

The ease of doing business ranking shows that a country’s regulatory environment is more conducive to starting and running a local company.

Speaking to World Bank, British Afghan Chamber of Commerce and Industry (BACCI), and BrightPoint CEO Matiullah Rahmaty said;

The major factor that has made the process very different is that previously we did not have enough information on the requirements of documentation. Now when you can go to ACBR (Afghanistan Central Business Registry), they give you a leaflet that contains all the information on the documents required.

The ranking assesses a nation’s ease of business across 10 areas; starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.

Despite the increasing violence and threat from terrorism, Afghanistan has succeeded in introducing a record five reforms across the 10 assessment areas to improve the business environment for small and medium enterprises (SMEs), earning a global top spot. 

Across South Asia, India (77) topped the ranking as the number one destination for ease of doing business, jumping 23 places. India was followed in the second place by Bhutan (81), Sri Lanka (100), Nepal (110), Pakistan (136), Maldives (139), Afghanistan (167) and Bangladesh (176).