This economy profile for Doing Business2016 presents the 11 Doing Business indicators forMicronesia, Federated States of. To allow for usefulcomparison, the profile also provides data for otherselected economies (comparator economies) for eachindicator. Doing Business 2016 is the 13th edition in aseries of annual reports measuring the regulations thatenhance business activity and those that constrain it.Economies are ranked on their ease of doing business; for2015 Micronesia, Federated States of ranks 148. A high easeof doing business ranking means the regulatory environmentis more conducive to the starting and operation of a localfirm. Doing Business presents quantitative indicators onbusiness regulations and the protection of property rightsthat can be compared across 189 economies from Afghanistanto Zimbabwe and over time. Doing Business sheds light on howeasy or difficult it is for a local entrepreneur to open andrun a small to medium-size business when complying withrelevant regulations. It measures and tracks changes inregulations affecting 11 areas in the life cycle of abusiness: starting a business, dealing with constructionpermits, getting electricity, registering property, gettingcredit, protecting minority investors, paying taxes, tradingacross borders, enforcing contracts, resolving insolvencyand labor market regulation. The data in this report arecurrent as of June 1, 2015 (except for the paying taxesindicators, which cover the period from January to December 2014).
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