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Doing Business Reducing Bureaucracy Background The 2011 Doing Business report is the eighth in a series of annual reports benchmarking the regulations that enhance business activity and those that constrain it. The report presents quantitative indicators on business regulation and the protection of property rights for 183 economies Israel's global ranking in 2011 is: 29 The World Bank’s Ranking Rank (29) Dealing with Licenses (121) Starting a Business (36) Procedures (number) (5 / 7.8) 25% Procedures (number) (20 / 18) Registering Property (147) 33% Time (days) 25% (34 / 33.9) Time (days) 33% (235 / 207.3) Cost (% of income 25% per capita) (4.3 / 40.7) Cost (% of income 33% per capita) (104 / 723.4) Min. capital (% of income 25% per capita) (- / 59.6) Procedures (number) (7 / 5.9) Time (days) (144 / 58) Getting Credit (6) 33% 33% Cost (% of property 33% value) (5 / 5.9) Protecting Investors (5) Paying Taxes (82) Legal Rights 62.5% Index (9 / 5.5) Shareholder 33% Suits Index (9 / 5.7) Credit Information 37.5% Index (5 / 3) Disclosure Index (7 / 5.3) Payments (number) (33 / 29.9) Trading Across Borders (10) 33% 33% Time (hours) 33% (235 / 282.1) Director Liability Index 33% (9 / 4.4) Total tax rate 33% (% profit) (31.7 / 47.8) Investor Protection Index (8.3 / 5.1) Documents for export (number) (5 / 6.5) Enforcing Contracts (96) 17% Time for 17% export (days) (11 / 23.1) Cost to export 17% (US$ per container) (670 / 1393) Documents for import (number) (4 / 7.3) Procedures (number) (35 / 38.1) Time (days) (890 / 605.1) Cost (% of debt) (25.3 / 34.7 Closing a business (40) 33% 33% 33% Time (years) (4 / 2.9) Cost (% of estate) (23 / 15.6) Recovery rate (cents on the %100 dollar) (49.1 / 32.3) 17% Time for import (days) 17% (10 / 25.8) (Israel/ Average world) Cost to import (US$ per 17% container) (605 / 1639.8) Legend: Leading Lagging How do we improve ? Benefit for the Israeli economy Measuring the burden and the improvement using the SCM Identify processes which have an impact on the ease of Doing Business Many government agencies participate in the process Better Regulation How ? Improving World Bank rankings What needs to be done? Starting a business Property registration Business Registration Import Food Products Registration Medical Tools and Devices Registration the Standards Institution of Israel (SII) Adding additional processes, according to SCM Doing Business Additional Processes Phase 1 Additional Processes Phase 2 Open Discussion • the Ministries’ roles in reducing bureaucracy.. • How does government prioritize what needs to be done ? • How to co-ordinate processes across multiple agencies? • Is it necessary to set up a dedicated mechanism to achieve Better Regulation? Thank you A joint effort of all Government offices Ministry of Finance Ministry of Justice Ministry of Trade, Industry & Labor Ministry of Interior affairs Ministry of Health Ministry of Environmental Protection Ministry of Agriculture & Rural Development Tax Authority National Insurance Institute Accountant General Additional partners: Chamber of Commerce Israel Federation of Independent’s Organizations Manufacturers Association of Israel Mapping the Costs What is the administrative burden of regulation? Costs applicable to businesses and citizens arising from Government’s legislation and regulation. The cost of administrative burden for businesses in Europe is estimated at € 470 billion per year which accounts for 3.5% of GDP EU Accordingly, the administrative burden in Israel is estimated at NIS 30 Billion Standard Cost Model – SCM SCM The conventional model for examining the cost of bureaucratic burden Hours X Cost per hour X Frequency X businesses