The number of new companies and individual businessmen registered dropped 6% compared to 2007.
Prensalibre.com reports that "according to data from the Business Registry as of December 30 there were 5,490 new local companies registered (11% higher than in 2007).
Vice minister of Economy, Erasmo Velasquez, said that the number of yearly registrations shows an interest by Guatemalans to become independent and create their own small and medium companies, both for production and services.
A 75% increase in applications for company registration has generated delays of up to one month in the delivery of commercial enrolment documents in El Salvador.
An article in Elmundo.com by Sury Velasco, reports that "In the first five months of 2011, the National Records Center (Centro Nacional de Registros - CNR) reported a 75% increase in requests for applications for the formalization of businesses, which has led to registration papers being issued up to a month late. The demand for applications has exceeded the response capacity of the CNR, leading to the opening of new jobs in the Trade Registry Office in 2012."