Doing business in Central America

Side by side, country by country: the most problematic factors for doing business in Central America.

Wednesday, September 9, 2009

We define competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country.

The level of productivity, in turn, sets the sustainable level of prosperity that can be earned by an economy. In other words, more-competitive economies tend to be able to produce higher levels of income for their citizens.The productivity level also determines the rates of return obtained by investments in an economy. Because the rates of return are the fundamental drivers of the growth rates of the economy, a more-competitive economy is one that is likely to grow faster in the medium to long run.

Comparing the key complications for doing business in Central America gives us insight to better face and eliminate them on a national level, as to direct our regional investments more efficiently.

More on this topic

Bureaucracy Halts $1 Billion in Investment

July 2013

The Costa Rican environmental authority has only 5 technicians to analyze the feasibility of billions of dollars worth of infrastructure projects.

Construction of the new container terminal at the Port of Moin can not begin because the environmental feasibility study has not been approved, because it has been delayed due to lack of staff in the Environmental Technical Secretariat (SETENA).

Central America falls in Ease of Doing Business

November 2010

Position in 2010 Rankings: Panama 72 (62 in 2009), El Salvador 86 (80), Guatemala 101 (100), Nicaragua 117 (119), Costa Rica 125 (121), Honduras 131 (128).

With the exception of Nicaragua, which rose two places, the Doing Business 2011 ranking shows that easiness of doing business in the Central American countries has deteriorated, at least in relation to other countries.

“Doing Business in Panama” Unveiled

April 2010

The industry ministry teamed up with Citibank to develop “Doing Business in Panama”, a business guide.

It includes information and tips on laws, structures, and other topics necessary when establishing foreign companies in Panama.

Roberto Henríquez, Commerce Ministry, explained that the document, that will be available in all Citi branches in the country, will explain investors Panama’s benefits in logistics, financial services, agricultural exports and tourism.

Latin America Cutting Red Tape -- Slowly

September 2008

If you are thinking of starting a business in Latin America, arm yourself with patience.

It takes 20 times longer to open a company in many countries in the region than in the United States, Singapore or New Zealand.

According to a new report by the World Bank's International Finance Corp., several Latin American countries continue to be among the world champions of bureaucracy, while Eastern European, Asian and African countries are moving much faster to reduce government red tape, making it easier for its people to start new businesses.

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