Tentmaker Reports

Sao Tome and Principe Report

Entrepreneurial Missions Index

38

General Information

Population

192,993 (166th most populous country in the world)

RELIGIONS
Catholic70.3%
Evangelical3.4%
New Apostolic2.0%
Adventist1.8%
Other3.1%
None19.4%
LANGUAGES
Portuguese

Industries

Light construction, textiles, soap, beer, fish processing, timber

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 Sao Tome and Principe, visit https://www.cia.gov/library/publications/the-world-factbook/geos/st.html.

Business Information

The World Bank ranks Sao Tome and Principe as 160 out of 183 economies in terms of ease of doing business. The country ranks as 108 (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 Sao Tome and Principe.

In order to start a business in Sao Tome and Principe, one must follow these procedures:

  1. Check the uniqueness of the proposed company name and reserve a name
  2. Notarize the company statutes
  3. Deposit the legally required initial capital in a bank and obtain deposit evidence
  4. Apply for advertising of the incorporation notice in the official gazette (Diadio de Republica)
  5. Advertising of the incorporation notice in a national newspaper
  6. Register the company with the Commercial Registry
  7. Apply for commercial operations permit (alvara)
  8. Apply for taxpayer identification number
  9. Register employees with the social security
  10. Obtain and legalize the 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 Sao Tome and Principe, visit http://www.doingbusiness.org/.

 

To learn more...

 

Sao Tome and Principe 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.
 

Sao Tome and Principe 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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