Tentmaker Reports

West Bank and Gaza Report

Entrepreneurial Missions Index

20.3

General Information

Population

3,937,309 (120th most populous country in the world)

RELIGIONS
Muslim75%
Jewish17%
Christian and Other8%
LANGUAGES
Arabic
Hebrew

Industries

Small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother of pearl souvenirs

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 West Bank and Gaza, visit https://www.cia.gov/library/publications/the-world-factbook/geos/gz.html.

Business Information

The World Bank ranks West Bank and Gaza as 0 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 11 procedures, takes 49 days, and costs 69.1% of income per capita to start a business in West Bank and Gaza.

In order to start a business in West Bank and Gaza, one must follow these procedures:

  1. Search for company name and reserve proposed name
  2. Local lawyer signs company documents
  3. Submit company incorporation papers and obtain temporary copy of certificate of registration from Ministry
  4. Deposit initial capital
  5. Register with Companies Registry
  6. Payment of registration fee
  7. Register for income and VAT tax
  8. Register with Chamber of Commerce
  9. Obtain business license from municipality
  10. Obtain approval from fire department
  11. Obtain and legalize special company books

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 West Bank and Gaza, visit http://www.doingbusiness.org/.

 

To learn more...

 

West Bank and Gaza Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

West Bank and Gaza 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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