Report: Afghanistan has become more business friendly

Afghanistan has become more business-friendly, according to a 316-page report released yesterday jointly by the World Bank and the International Finance Corporation (IFC). Two years ago, Afghanistan’s Ministry of Commerce and Industries (MoIC) implemented the Afghanistan Business Licensing Reform project with the aim of reducing administrative burdens and opportunities for corruption. The efforts of the ministry was recognized in the recently released report.

The report, which is titled, “Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises” states that “Afghanistan made starting a business easier by reducing the time and cost to obtain a business license and by eliminating the inspection of the premises of newly-registered companies”. With the newly implemented licensing system in Afghanistan, it only takes 2 days, instead of 30 days to obtain a business license. The report also states that Afghanistan strengthened its secured transactions system by implementing a unified collateral registry for movable property.

October 31, 2013 · admin · No Comments
Posted in: Afghanistan's Economy, Reconstruction and Development