This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Definition |
Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government’s geographical jurisdiction |
|---|---|
| Concept |
It is the authorization to start a business issued by the local government. |
| Rationale |
License fees are a significant source of revenue for state and local governments and are often imposed in lieu of taxes which require legislative approval and it also develop the economic growth of the country. |
| Frequency of Collection |
Annual |