Owners of VivaColombia and the mexican VivaAerobus have announced the opening of a holding company in Panama to start operations in Central and South America.
From a statement issued by Irelandia Aviation and Grupo IAMSA:
Irelandia Aviation and Grupo IAMSA, owners of the Mexican low-cost airline VivaAerobus and of the Colombian airline, VivaColombia, announced their intention to expand the Viva airline brand in Central and South America.
Limits to the number of contracted officers and other legal conditions are forcing large security companies to create smaller subsidiaries dedicated to providing services in specific areas.
So far this year 145 new security companies have registered with the Ministry of Public Security, about the same number of new businesses created during 2013, when there were 150. Including those who came into the market this year the total number of companies authorized to provide private security services in the country is 1,539.
71 steps for the establishment of foreign companies in the Asian nation have been eliminated, while another 20 have been delegated to the central government.
The State Council (government) of China has announced that it will simplify administrative procedures, among which is the reduction of paperwork for foreign businessmen to set up their companies in the country.
As of April 5 mergers and acquisitions will have to be approved at the Antitrust Commission, part of the Ministry of Economy, Industry and Trade, before they can take place.
From that date, the Antitrust Commission, at the Ministry of Economy, Industry and Commerce (MEIC), will have the power to approve or deny deals, if it is concluded that they would result in undue concentration of business. The activities which must be reported to this Committee are those in which the assets of the companies involved exceed $15 million.
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.
The country has become the largest market for franchising in the region, with sales of $300 million annually.
Of all the franchises operating in the country, who together generate about 525,000 direct jobs, 65 are national chains and of these, some already have a presence in other countries such as Pollo Campero, and La Holandesa among others.
The country inaugurated a new system for incorporating companies, which reduces the time needed to register a company from 39 days to 2.
A pilot plan of this system started operating in the Municipality of Curridabat, but has now been extended to several municipalities: Santo Domingo, Escazú, Coronado, Alajuela, Heredia, Desamparados, Alfaro Ruiz, Grecia, Naranjo, Poás, Valverde Vega, Palmares and Goicoechea.
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