Tentmaker Reports

Solomon Islands Report

Entrepreneurial Missions Index

23.1

General Information

Population

561,231 (156th most populous country in the world)

RELIGIONS
Church of Melanesia32.8%
Roman Catholic19.0%
South Seas Evangelical17.0%
Seventh Day Adventist11.2%
United Church10.3%
Christian Fellowship2.4%
Other Christian4.4%
Other2.4%
Unspecified0.3%
None0.2%
LANGUAGES
Melanesian Pidgin
English
120 Indigenous Languages

Industries

Cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit, timber, cattle, pigs, fish

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 Solomon Islands, visit https://www.cia.gov/library/publications/the-world-factbook/geos/sb.html.

Business Information

The World Bank ranks Solomon Islands as 97 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 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Solomon Islands.

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

  1. Obtain approval of the company name from the Ministry of Commerce
  2. Pay stamp duty at the Ministry of Finance
  3. Register the company with the Registrar of Companies
  4. Register for income tax, goods tax, and sales tax
  5. Register as an employer with the National Provident Fund
  6. Make a company seal
  7. Pay a business license fee at the Honiara Council

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 Solomon Islands, visit http://www.doingbusiness.org/.

 

To learn more...

 

Solomon Islands 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.
 

Solomon Islands 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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