Sri Lanka : Business Environment: Properties and Warehouse

Sri Lanka : Business Environment: Properties and Warehouse
Infographic SummaryThe speed at which it is possible to obtain a permanent electricity connection or to register a property or a warehouse are important factors that contribute to a healthy business environment. In Sri Lanka:
  • The Time required to get electricity is 132 days; ranking as the 160 fastest in the world.
  • The Time required to build a warehouse is 216 days; ranking as the 162 fastest in the world.
  • The Time required to register property is 60 days; ranking as the 147 fastest in the world.
Another related indicator to the healthiness of a business environment is the complexity of the procedure of registration of a warehouse or a property. In Sri Lanka, a total of:
  • 17 Procedures are required to build a warehouse
  • 8 Procedures are required to build a property
Time required to get electricity (days)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.
Procedures to build a warehouse (number)Number of procedures to build a warehouse is the number of interactions of a company's employees or managers with external parties, including government agency staff, public inspectors, notaries, land registry and cadastre staff, and technical experts apart from architects and engineers.
Time required to build a warehouse (days)Time required to build a warehouse is the number of calendar days needed to complete the required procedures for building a warehouse. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Procedures to register property (number)Number of procedures to register property is the number of procedures required for a businesses to secure rights to property.
Time required to register property (days)Time required to register property is the number of calendar days needed for businesses to secure rights to property.
Data Source: Worldbank, World Development Indicators