Closing a business as an integral part in the doing business 2008, truly identifies existing weaknesses in bankruptcy law and administrative failures.
The report also gives clear information upon average time taken to complete procedures in closing a business among various countries over the world.
Japan tops in the ranking followed by Singapore in closing a business.
Find the complete ranking among countries in closing a business:
| Economy |
Closing a Business 2008 |
Economy |
Closing a Business 2008 |
Economy |
Closing a Business 2008 |
Economy |
Closing a Business 2008 |
| Japan |
1 |
Luxembourg |
46 |
Burkina Faso |
91 |
Indonesia |
136 |
| Singapore |
2 |
Namibia |
47 |
Cameroon |
92 |
India |
137 |
| Norway |
3 |
Uganda |
48 |
Tonga |
93 |
Angola |
138 |
| Canada |
4 |
Vanuatu |
49 |
Peru |
94 |
United Arab Emirates |
139 |
| Finland |
5 |
Estonia |
50 |
Nepal |
95 |
Ukraine |
140 |
| Ireland |
6 |
Pakistan |
51 |
Ghana |
96 |
Sierra Leone |
141 |
| Denmark |
7 |
Bolivia |
52 |
Papua New Guinea |
97 |
Dominican Republic |
142 |
| Netherlands |
8 |
Hungary |
53 |
Chile |
98 |
Mauritania |
143 |
| Belgium |
9 |
Malaysia |
54 |
Tajikistan |
99 |
Liberia |
144 |
| United Kingdom |
10 |
Palau |
55 |
Kazakhstan |
100 |
Suriname |
145 |
| Korea |
11 |
Swaziland |
56 |
Solomon Islands |
101 |
Venezuela |
146 |
| Iceland |
12 |
China |
57 |
Bangladesh |
102 |
Philippines |
147 |
| Taiwan, China |
13 |
Antigua and Barbuda |
58 |
Serbia |
103 |
Haiti |
148 |
| Australia |
14 |
Oman |
59 |
Costa Rica |
104 |
Micronesia |
149 |
| Hong Kong, China |
15 |
Morocco |
60 |
Georgia |
105 |
Congo, Dem. Rep. |
150 |
| New Zealand |
16 |
Bosnia and Herzegovina |
61 |
Benin |
106 |
Zimbabwe |
151 |
| Spain |
17 |
Lesotho |
62 |
Mali |
107 |
St. Vincent and the Grenadines |
178 |
| United States |
18 |
Nicaragua |
63 |
Czech Republic |
108 |
St. Kitts and Nevis |
178 |
| Sweden |
19 |
Latvia |
64 |
Tanzania |
109 |
Trinidad and Tobago |
178 |
| Portugal |
20 |
Argentina |
65 |
Congo, Rep. |
110 |
Grenada |
178 |
| Austria |
21 |
Mauritius |
66 |
Guinea |
111 |
Kiribati |
178 |
| Jamaica |
22 |
Kuwait |
67 |
Turkey |
112 |
Dominica |
178 |
| Mexico |
23 |
South Africa |
68 |
Honduras |
113 |
Seychelles |
178 |
| Belize |
24 |
Belarus |
69 |
Fiji |
114 |
West Bank and Gaza |
178 |
| Italy |
25 |
Ethiopia |
70 |
Mongolia |
115 |
Bhutan |
178 |
| Botswana |
26 |
Côte d'Ivoire |
71 |
Gambia |
116 |
Cape Verde |
178 |
| Colombia |
27 |
Bulgaria |
72 |
Lebanon |
117 |
Albania |
178 |
| Puerto Rico |
28 |
Senegal |
73 |
Iran |
118 |
Iraq |
178 |
| Germany |
29 |
Panama |
74 |
Uzbekistan |
119 |
Sudan |
178 |
| Tunisia |
30 |
Azerbaijan |
75 |
Maldives |
120 |
Cambodia |
178 |
| Lithuania |
31 |
Kenya |
76 |
Vietnam |
121 |
Comoros |
178 |
| France |
32 |
Syria |
77 |
Marshall Islands |
122 |
Madagascar |
178 |
| Switzerland |
33 |
Croatia |
78 |
Guyana |
123 |
Rwanda |
178 |
| Slovenia |
34 |
Saudi Arabia |
79 |
Ecuador |
124 |
Afghanistan |
178 |
| Brunei |
35 |
Russia |
80 |
Egypt |
125 |
São Tomé and Principe |
178 |
| Slovakia |
36 |
Romania |
81 |
Djibouti |
126 |
Lao PDR |
178 |
| Uruguay |
37 |
Moldova |
82 |
Macedonia, FYR |
127 |
Equatorial Guinea |
178 |
| Greece |
38 |
Yemen |
83 |
Kyrgyz Republic |
128 |
Timor-Leste |
178 |
| Sri Lanka |
39 |
Zambia |
84 |
Samoa |
129 |
Eritrea |
178 |
| Israel |
40 |
El Salvador |
85 |
Gabon |
130 |
Chad |
178 |
| Montenegro |
41 |
Guatemala |
86 |
Brazil |
131 |
Burundi |
178 |
| Armenia |
42 |
Jordan |
87 |
Paraguay |
132 |
Guinea-Bissau |
178 |
| St. Lucia |
43 |
Poland |
88 |
Niger |
133 |
Central African Republic |
178 |
| Thailand |
44 |
Nigeria |
89 |
Mozambique |
134 |
|
|
| Algeria |
45 |
Togo |
90 |
Malawi |
135 |
|
|
Source: Doing Business Database