Tentmaker Reports

Chad Report

Entrepreneurial Missions Index

41.76

General Information

Population

11,227,208 (71st most populous country in the world)

RELIGIONS
Muslim53.1%
Catholic20.1%
Protestant14.2%
Animist7.3%
Other0.5%
Unknown1.7%
Atheist3.1%
LANGUAGES
French
Arabic
Sara
Other Languages and Dialects

Industries

Oil, Cotton textiles, meatpacking, brewing, natron, soap, cigarettes, construction materials

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

Business Information

The World Bank ranks Chad as 182 out of 183 economies in terms of ease of doing business. The country ranks as 182 (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 Chad.

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

  1. Open a bank account, deposit the legally required iniqial capital in a bank and obtain deposit evidence
  2. Check the uniqueness of the company name and pick up a company registration form
  3. Notarize the company’s deeds and articles of association
  4. Obtain criminal record of the first directors in preparation to the registration formalities with the Commercial Registry
  5. Procurement of medical certificate
  6. Register a signed and certified copy of company bylaws with the Ministry of Finance (Service d’Enregistrement, des Domaines et du Timbre)
  7. Get an administrative authorization from the Ministry of Industry and Commerce
  8. Register the company with the Registry of Commerce and Real Estate (Registre de Commerce et du Credit Immobilier)
  9. Register the company bylaws with the court clerk (Greffier du Tribunal d’Instance) at the Ministry of Justice
  10. Make a formal announcement through legal journals / newspapers proclaiming the existence of the company
  11. Register the company for taxes with the central tax services of the Ministry of Finance (Direction des Impots), pay the Patente, and obtain a fiscal number
  12. Inscription on the tax rolls
  13. Register for the statistics code
  14. Declare the company’s existence to the National Employment Promotion Office (l’Office Nationale pour la Promotion de l’Emploie, ONAPE)
  15. Submission of the Internal Regulation Code to the Labor Inspection Office (Inspection du Travail)
  16. Registration with municipality, which grants the commercial license
  17. Registration with the Social Security Institute (Caisse Nationale de Prevoyance Sociale)
  18. Application for court authorization of commercial books
  19. Make a company seal

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

 

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Chad 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.
1A General government consumption spending as a percentage of total consumption 8.6
Area 1-A Data 10.8
1B Transfers and subsidies as a percentage of GDP 9.9
Area 1-B Data 0.8
1C Government enterprises and investment 2
Area 1-C Data 45.4
1Di Top marginal income tax rate 0
Area 1-Di Data 0
1Dii Top marginal income and payroll tax rates 0
Area 1-Dii Data 0
1D Top marginal tax rate 0
1 Size of Government: Expenditures, Taxes, and Enterprises 6.8
2A Judicial independence (GCR) 1.3
2B Impartial courts (GCR) 2.3
2C Protection of property rights (GCR) 2.8
2D Military interference in rule of law and the political process (CRG) 1.1
2E Integrity of the legal system (CRG) 0
2F Legal enforcement of contracts (DB) 0.3
2G Regulatory restrictions on the sale of real property (DB) 4.2
2 Legal Structure and Security of Property Rights 2
3A Money growth 9.1
Area 3-A Data 4.3
3B Standard deviation of inflation 6.3
Area 3-B Data 9.21
3C Inflation: Most recent year 8.2
Area 3-C Data -8.97
3D Freedom to own foreign currency bank accounts 0
3 Access to Sound Money 5.9
4Ai Revenues from trade taxes (% of trade sector) 0
Area 4-A(i) Data 0
4Aii Mean tariff rate 6.4
Area 4-A(ii) Data 17.9
4Aiii Standard deviation of tariff rates 6.2
Area 4-A(iii) Data 9.5
4A Taxes on international trade 6.3
4Bi Non-tariff trade barriers (GCR) 4.1
4Bii Compliance cost of importing and exporting (DB) 0
4B Regulatory Trade Barriers 2.1
4C Size of the trade sector relative to expected 7
4D Black-market exchange rates 10
4Ei Foreign ownership/investment restrictions (GCR) 4.7
4Eii Capital Controls 0
4E International Capital Market Controls 2.3
4 Freedom to Trade Internationally 5.5
5Ai Ownership of banks 2
5Aii Foreign bank competition 0
5Aiii Private sector credit 7
5Aiv Interest rate controls/negative real interest rates 9
5A Credit Market Regulations 6
5Bi Minimum wage (DB) 2.1
5Bii Hiring and firing regulations (GCR) 4.2
5Biii Centralized collective bargaining (GCR) 7.3
5Biv Mandated cost of hiring (DB) 3.6
5Bv Mandated cost of worker dismissal (DB) 6.7
5Bvi Conscription 3
5B Labor Market Regulations 4.5
5Ci Price controls 4
5Cii Administrative requirements (GCR) 2.9
5Ciii Bureaucracy costs (GCR) 7
5Civ Starting a business (DB) 4.6
5Cv Extra payments/bribes (GCR) 1.7
5Cvi Licensing restrictions (DB) 6.2
5Cvii Cost of tax compliance (DB) 8.6
5C Business Regulations 5
5 Regulation of Credit, Labor, and Business 5.2
SUMMARY INDEX 5.09
Rank c 133
 

Chad 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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