The Government of El Salvador has announced an initiative called "MiEmpresa.gob.sv" which from next May will reduced from five to one the number of forms required for filing and commencement of operations of a company.
Monday, April 23, 2012
A press release from the Ministry of Economy of El Salvador reads:
As part of efforts being made in the country to improve the business climate, the Government of El Salvador announced today an initiative called "MiEmpresa.gob.sv" which from next May will reduce the number of forms required for filing and commencement of operations of a company from five to only one. This is the result of joint work carried out by 8 institutions of government and some local governments.
The announcement was made by Armando Flores, Deputy Minister of Trade and Industry, accompanied by Mauricio Guardado, Deputy Minister of Revenue of the Ministry of Finance, Oscar Morales, Deputy Minister of Labour and Social Argumedo Henry, Executive Director of the National Registry as well as of representatives of the Technical Secretariat of the Presidency, National Commission for Micro and Small Enterprises, Innovation Management and Informatics at the Presidency and the Municipality of San Salvador.
The Deputy Minister of Trade and Industry reported that with the launch of this initiative, MSE’s can perform simplified business procedures online business, and learn about programs and support services promoted by the government and the private sector for micro and small companies.
In El Salvador a system has been presented which new companies can use to carry out online registration procedures.
The new platform was created by the Regulatory Improvement Agency, and aims to simplify and accelerate the process of registering new companies in the country.
In El Salvador a proposal has been made to reform the Commercial Code to eliminate the requirement for a public inscription to register companies whose initial capital is less than $100 thousand.
The proposal is part of a series of reforms proposed by the Regulatory Improvement Organization (OMR), to reduce costs and streamline procedures to start new businesses in the country.
Employers point to the thick web of paperwork that must be traversed in Costa Rica if you want to start a new business.
From a press release issued by the Costa Rican Union of Chambers and Associations in the Private Business Sector (UCCAEP):
Most entrepreneurs, according to the latest data from the Survey "Business Pulse" by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP) indicate that in Costa Rica there are a number of constraints to the initiation of a new business in the country.
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