Costa Rica Eases SME Certification

Authorities have opened regional offices, called “Creapymes”, which certify companies as Small and Medium Enterprises (SME).

Monday, June 7, 2010

Previously, the procedure could only be completed at the central offices of the Economy, Industry and Commerce Ministry, in the capital city of San José.

“Now businessmen will be able to get the certification on the same day they apply for it. The requisites are: the form from the Micro Companies Registry, the tax declaration, having paid the social security fees at the Social Security Fund (CCSS) and the labor insurance policy at the National Insurance Institute”, reported

More on this topic

SMEs: Deadline Approaches for Tax Exemptions

November 2013

SMEs in Costa Rica have until December 16 to register or renew their status with the SME Registration for exemption from the corporations tax.

A press release from the Ministry of Economy , Industry and Trade reads:

The Ministry of Economy, Industry and Commerce through the Directorate General for Support of Small and Medium Enterprises, wishes to inform all companies which are registering for the first time with the Registery of SMEs , or those who have their SMEs status but need to renew it, that they should undertake the process no later than December 16, 2013.

Deadline to register at FDA

December 2012

Panamanian food exporters not register by December 31 at the FDA will not apply for the certification visit by the U.S. agency.

December 31 is the deadline for companies wishing to export to the U.S. to update their information or to register for the first time before the Food and Drug Agency of the U.S. government (FDA).

Why do SMEs fail?

March 2012

Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

Costa Rica: Small and medium sized businesses can certify their processes

October 2008

Small and medium sized businesses, which operate in the dairy, cold meats, and flours sectors, can now access technical standardization in order to increase their level of competitiveness.

Via the Nor+ program, which has the technical and financial support of the Inter-American Development Bank that administrates the resources of the Mutlilateral Investment Fund (IDB/FOMIN), companies can finance up to 60% of the costs of hiring specialist to head the process of applying a technical standard.

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