Guatemala Withdraws Registration Fee for SMEs

Companies with under $38 billion in capital will be able to register without paying duty to the Register of Commerce.

Friday, April 25, 2014

The Register of Commerce has also reduced the number of steps needed to open a new business, reducing the time from 17 to 13 days.

"The head of the Register, Rodrigo Valladares, said that the constant changes aim to streamline the business registration processes, providing legal certainty to new entrepreneurs, and for this reason they have extended the options so that people can be made aware of the processes."

"The Vice Minister of Economy, Claudia Del Aguila, believes that modernization is finally underway to facilitate the conditions for working in the country."

More on this topic

Simplification of Procedures: Approval Needed to Move "From Words to Deeds"

April 2015

Businessmen in Costa Rica recognize the progress made by the government, but are calling for an acceleration in the process to eliminate the duplication of paperwork which still prevails in several institutions.

Currently we have a clear agenda to deal with the Ministry of Agriculture and the Ministry of Economy, Trade and Industry regarding outstanding issues and the reduction in the number of requirements for starting a business and those for established businesses.

Guatemala: More New Businesses Created

February 2015

The number of companies and sole traders registered in the Commercial Registry in January grew by 46% compared to the same month in 2014, a year in which a decrease of 3% was recorded.

In January 2015 2.289 companies were registered, 720 more than the 1,569 reported in the same month of 2014.

Registration Procedures Digitialized in Panama

October 2014

An announcement has been made that as of October 24th all registration formalities in the registry may be made electronically through a new platform.

From a statement issued by the Public Registry of Panama:

In order to optimize the services offered to users and the general public, the Public Registry of Panama, within the framework of modernization, will run the Registry Electronic Registration System (CRS), a new technology platform that will provide greater legal certainty over private property and other rights on goods which are registered with the entity.

Nicaragua’s Costly Centralization

January 2013

The centralization of regulatory, financial and infrastructure institutions in Managua is affecting the production and competitiveness of the private sector.

Businesses based in other regions of the country must travel to Managua if they want to apply for tax incentives, because if they do it in any of the delegations of the Institute of Tourism (Intur) they will have to wait for their documents to be sent to the capital for examination.

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