Tentmaker Reports

Comoros Report

Entrepreneurial Missions Index

39

General Information

Population

734,917 (153rd most populous country in the world)

RELIGIONS
Sunni Muslim98%
Roman Catholic2%
LANGUAGES
English82.1%
Spanish10.7%
Other Indo-European3.8%
Asian & Pacific Islands2.7%
Other0.7%

Industries

Fishing, tourism, perfume distillation

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 Comoros, visit https://www.cia.gov/library/publications/the-world-factbook/geos/km.html.

Business Information

The World Bank ranks Comoros as 156 out of 183 economies in terms of ease of doing business. The country ranks as 171 (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 Comoros.

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

  1. Deposit the legally required capital in a bank and obtain the deposit evidence
  2. Verify and reserve the company name
  3. Deposit and register the company’s articles of association with the public notary
  4. Obtain extracts of criminal records of the directors
  5. Deposit company statutes at Ministry of Finance
  6. Register the company at the commercial court
  7. Obtain the professional license (patente) at the tax administration
  8. Legalize the company books at court
  9. Make a company seal
  10. Register for social security
  11. Register with the Chamber of Commerce

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 Comoros, visit http://www.doingbusiness.org/.

 

To learn more...

 

Comoros 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.
 

Comoros 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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