Iceland - Ease of doing business
New business density (new registrations per 1,000 people ages 15-64)
New business density (new registrations per 1,000 people ages 15-64) in Iceland was 12.84 as of 2009. Its highest value over the past 5 years was 18.22 in 2007, while its lowest value was 12.62 in 2008.
Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.
Source: World Bank's Entrepreneurship Survey and database (http://econ.worldbank.org/research/entrepreneurship).
See also:
| Year | Value |
|---|---|
| 2004 | 13.01 |
| 2005 | 14.96 |
| 2006 | 16.01 |
| 2007 | 18.22 |
| 2008 | 12.62 |
| 2009 | 12.84 |
Time required to get electricity (days)
Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2009 | 22.00 |
| 2010 | 22.00 |
| 2011 | 22.00 |
Firing cost (weeks of wages)
The value for Firing cost (weeks of wages) in Iceland was 13.00 as of 2009. As the graph below shows, over the past 5 years this indicator reached a maximum value of 13.00 in 2009 and a minimum value of 13.00 in 2004.
Definition: Firing cost is the cost of advanced notice requirements, severance payments, and penalties due when terminating a redundant worker, expressed in weekly wages. One month is recorded as 4 1/3 weeks.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2004 | 13.00 |
| 2005 | 13.00 |
| 2006 | 13.00 |
| 2007 | 13.00 |
| 2008 | 13.00 |
| 2009 | 13.00 |
Labor tax and contributions (% of commercial profits)
Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2011 | 18.80 |
Other taxes payable by businesses (% of commercial profits)
Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2011 | 3.60 |
Profit tax (% of commercial profits)
Definition: Profit tax is the amount of taxes on profits paid by the business.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2011 | 9.40 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
