BizCLIR

The ability to freely own all types of property, and to easily transfer and register that ownership—especially with respect to real (non-movable) and intellectual property—is a fundamental requirement of business and economic growth in a free market economy. Moreover, registration and protection of rights in intellectual property are extremely important in the encouragement of foreign direct investment (FDI) and marketing of needed consumer goods, and in the support of innovative research and development for new domestic products. Thus, a strong legal and institutional framework is imperative in order for businesses to own, use, and sell all types of property; manufacture and sell products and services; raise capital; and obtain credit. Secure ownership of property and an objective, transparent, and uniform system of property registration are necessary in all economies.

The Doing Business indicators examine the steps, time, and cost involved in registering property, assuming a standardized case of an entrepreneur who wants to purchase land and a building in the largest business city—already registered and free of title dispute.

BizCLIR methodology takes this examination one step further by searching for the reasoning behind the successes or failures of a country's business economy via the process of registering property. Instead of just examining the number of procedures, time, and costs to register property in the largest business city, BizCLIR's tool takes additional steps to examine the system as a whole. A team of experts interview stakeholders in government, the private sector, and civil society to understand the process of registering property. These areas are evaluated using indicators divided among the four pillars:

BizCLIR's systematic tool enables us to scrutinize the business environment from dynamic angles unobserved by recent indicators. For example, if Syria is considered one of the costliest countries in which to register property, BizCLIR's qualitative assessment of the system will help us understand why, whether it is because local authorities use property registration as a means of holding onto their power, or because women cannot own property and are therefore are unable to register it, BizCLIR will find the answers. The qualitative analysis that the BizCLIR methodology provides is a competitive advantage for clients who need to quickly understand the world's developing economies.