Tentmaker Reports

Tonga Report

Entrepreneurial Missions Index

23.6

General Information

Population

104,058 (172nd most populous country in the world)

RELIGIONS
Christian
LANGUAGES
Tongan
English

Industries

Tourism, construction, fishing

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

Business Information

The World Bank ranks Tonga as 62 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 Tonga.

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

  1. Check the uniqueness of the proposed company name and reserve a name
  2. Register the company with the Companies Office; obtain a certificate of incorporation
  3. Obtain a business license from Ministry of Labor, Commerce, and Industry
  4. Register Consumption tax for income tax and consumption tax with the Internal Revenue Service

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

 

To learn more...

 

Tonga 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.
 

Tonga 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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