Closing a business, cost (% of estate) in Zambia was reported at 9 % in 2012, according to the World Bank collection of development indicators, compiled from officially recognized sources. Zambia - Closing a business, cost (% of estate) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2020.

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 zambia closing a business cost percent of estate wb data

The cost of the proceedings is recorded as a percentage of the estate’s value. The cost is calculated on the basis of survey responses by insolvency practitioners and includes court fees as well as fees of insolvency practitioners, independent assessors, lawyers and accountants. Respondents provide cost estimates from among the following options: less than 2%, 2–5%, 5–8%, 8–11%, 11–18%, 18–25%, 25–33%, 33–50%, 50–75% and more than 75% of the value of the business estate. This is the cost of the bankruptcy proceedings. For more information, visit

Zambia | World Bank Development Indicators