Tentmaker Reports

Yemen, Rep. of Report

Entrepreneurial Missions Index

25.5

General Information

Population

22,917,485 (48th most populous country in the world)

RELIGIONS
Muslim
Jewish
Christian
Hindu
LANGUAGES
Arabic

Industries

Crude oil production and petroleum refining, small-scale production of cotton textiles and leather goods, food processing, handicrafts, small aluminum products factory, cement, commercial ship repair, natural gas production

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 Yemen, Rep. of, visit https://www.cia.gov/library/publications/the-world-factbook/geos/ry.html.

Business Information

The World Bank ranks Yemen, Rep. of 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 7 procedures, takes 13 days, and costs 93.0% of income per capita to start a business in Yemen, Rep. of.

In order to start a business in Yemen, Rep. of, one must follow these procedures:

  1. Pick up the specimen application from the Commercial Register
  2. Name reservation, license application, AOA signature, publication, and registration at the Ministry of Trade & Industry
  3. Register at taxpayer with the General Taxes Department for the payment of income tax, obtain taxation card, and register the employees and register for other taxes
  4. Apply for Chamber of Commerce membership
  5. Apply to the municipality to obtain license
  6. Register employees for the social security

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 Yemen, Rep. of, visit http://www.doingbusiness.org/.

 

 

Yemen, Rep. of 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.   

 

Yemen, Rep. of 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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