Less Bureaucracy, More Private Investment

Through an agreement with the business sector, the government of Honduras has announced that it intends to simplify procedures for licenses and registration of companies.

Wednesday, March 21, 2018

As part of a plan to facilitate private investment, the Hernandez administration has announced that they will also be talking with mayors so that local governments facilitate the operation of companies nationwide. In addition they "... announced that from April they will start using customs' forward looking statement."

Juan Carlos Sikaffy told Laprensa.hn that "...'The simplification of procedures will give us an important step for generating investments and similarly, tax simplification is sought in order to facilitate payment of taxes'.

"... Business owners expressed that they have asked the government for speed in processes for environmental licensing, municipal permits and also all of the procedures required to set themselves up in the country. "We have established a series of investments that are already underway.  In the manufacturing sector there are 32 companies that have requested 15 thousand new jobs, explained the maquiladora entrepreneur Jesús Canahuati."

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More on this topic

Costa Rica: Setting Up a Company is Faster

November 2017

With the implementation of the commercial license process, the time it takes to formally set up a company in the cantons of Abangares, Cañas, Tilarán, Bagaces, Liberia and La Cruz has been reduced from 40 to 7 days.

The Ministry of Economy explained in a statement that in addition to a reduction in the time that takes to formalize a company, an improvement has also been made in the time it takes to undertake the process to obtain construction permits. 

Barriers to Business in Costa Rica

January 2017

The procedures for obtaining operating permits and municipal licenses are the things that cause the most difficulty for companies who are trying to formalize their operations in the country.

Despite constant complaints by entrepreneurs, excessive bureaucracy remains one of the main obstacles to the formalization of companies in Costa Rica.  According to a business survey developed by Uccaep, the procedures for obtaining operation permits from the Ministry of Health and municipal patents are the most difficult tasks to carry out and those which take the most time.

Procedures for Business Registration Streamlined

May 2012

The Ministry of Economy in Guatemala has presented "Ventanilla Ágil Plus" (Agile Counter Plus), which will reduce the time for registering a business.

From a press release from the Ministry of Economy of Guatemala (Mineco):

- 30 steps to register companies eliminated reducing the process from 47 to 17 days.

Bureaucracy: An Unsolvable Problem

August 2010

Since 1994, successive Costa Rican governments have said they will try to reduce bureaucracy but to date excess red tape remains a problem.

Laura Chinchila's new administration has also included bureaucracy among its list of priorities.

As an example, the current government gathered leaders from the Ministries for Trade (Comex), Health and Farming to discuss the optimization of trade agreements, which the La Prensa Libre editorial deems a good start. The paper says that the next step is to define specific actions to make procedural simplification a reality.

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