Tentmaker Reports

Djibouti Report

Entrepreneurial Missions Index

38.5

General Information

Population

888,716 (149th most populous country in the world)

RELIGIONS
Muslim94%
Christian6%
LANGUAGES
French
Arabic
Somali
Afar

Industries

Construction, agricultural processing

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Djibouti, visit https://www.cia.gov/library/publications/the-world-factbook/geos/dj.html.

Business Information

The World Bank ranks Djibouti as 167 out of 183 economies in terms of ease of doing business. The country ranks as 177 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Djibouti.

In order to start a business in Djibouti, one must follow these procedures:

  1. Deposit the initial capital at the bank and obtain a receipt
  2. Verify the uniqueness of the company name
  3. Notarize the company statutes
  4. Obtain criminal record of managers
  5. Register statutes with the Service des Domaines
  6. Publish notice in La Nation
  7. File documents with the Commercial Registry at the Greffe du Tribunal
  8. Register for taxes and obtain professional license (patente)
  9. Create a company seal, letterhead, and books
  10. Obtain signature of the President of the Court on the company books
  11. Register employees with Orgnisation de Protection Sociale (OPS)

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Djibouti, visit http://www.doingbusiness.org/.

 

 

Djibouti Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   

 

Djibouti Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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