Two years after the Law to Strengthen Entrepreneurship came into force in Guatemala, only 40 companies have been registered under the figure of Entrepreneurship Companies, a situation that is partly explained by the lack of incentives provided by the legal framework.
With the application of the Health Alert System by covid-19, the Guatemalan economy was reopened, however, the operating guidelines and specific health and safety protocols for various economic activities have not been made official.
In Panama, 13,775 corporations were registered in the country during 2019, 4.6% more than those reported in 2018.
The most recent figures from the Office of the General Comptroller of the Republic detail that between 2018 and 2019, the number of corporations registered in the country grew by 4.6%, from 13,171 to 13,775.
Regarding dissolved corporations, it reported a drop for the years in question, from 7,760 in 2018 to 6,162 in 2019, equivalent to a reduction of 21%. In the case of merged companies, there was also a decrease of 15%, from 353 to 299.
It is estimated that by 2019 there were 396,796 microenterprises operating from homes in the country, 10% more than the 361,404 reported at the end of 2018.
On average, each microenterprise has 13 years to develop its economic activity, but there are differences by sector: in the agricultural sector, the average is 20 years, in the industry sector is 14 years, in the trade sector is 12 years and in the service sector microenterprises have on average 11 years developing their economic activity, reported the National Institute of Statistics and Censuses (INEC).
During the first nine months of 2019, 10,476 corporations were registered in Panama, 3% more than those reported in the same period of 2018.
The latest report of the General Comptroller of the Republic details that between January and September of last year and the same period of 2019, the number of corporations registered in the country went from 10,146 to 10,476.
In Panama, during the first four months of 2019, 4,314 corporations were registered in the country, 8% less than those reported in the first quarter of 2018.
The latest report of the General Comptroller of the Republic details that between the first quarter of last year and the same period of 2019, the number of corporations registered in the country went from 4,692 to 4,314.
From January to April of this year, the number of mercantile companies registered totaled 13,975, 15% more than the number reported in the same period in 2018.
Data from the Mercantile Registry (RM) specify that between the first four months of 2018 and the same period of 2019, 1,783 more companies were registered in the country, going from 12,192 to 13,975.
In the Dominican Republic, contracts were approved for the development and operation of four parks in export processing zones and 13 permits for the installation of companies.
The National Council of Export Processing Zones (CNZFE) reported last May 21 that it approved permits for two new parks of processing zones to be built in Boca Chica, and another in Nigua.
28% of the SMEs in Costa Rica stated that obtaining a municipal permit to start operations was the most complex procedure, while another 17% says that the process of registering with the department of Taxation is the most onerous.
According to theIII National Survey of MSMEs, prepared by the State University at a Distance (UNED) and the University of Costa Rica (UCR), for micro, small and medium enterprises (MSMEs) obtaining a municipal patent for operation and registering as a new taxpayer, are the two procedures that most affect the start up of their operations.
Having a minimum of five full-time permanent employees is one of the requirements that companies must meet in order to obtain a Regional Offices of Multinational Corporations license, if a bill from the Varela administration succeeds.
The bill presented by the Ministry of Commerce and Industries (Mici) to the National Assembly contemplates, among other things, the new conditions that must be met by companies seeking to obtain a license as Regional Offices of Multinational Corporations (SEM by their initials in Spanish).In addition, it details a proposed law reform, under which companies must generate annual operating expenses in the country of at least $500,000.
The French company Renault has completed negotiations with a new local distributor to market the brand in the country, where they initially plan to serve about 2 thousand customers.
After several months of negotiations and without revealing details of the conditions of the deal, the Panamanian group Petro Autos, through its subsidiary Advance Motors, announced that it will start selling the European brand in the local market.
Reports state that in 2017 the registration of mercantile companies in Guatemala grew 10% compared to 2016.
Figures from the Mercantile Registry (RM by its initials in Spanish) also detailed that the registration of individual traders grew by 9.3% with respect to 2016.Dca.gob.gt reports that "...On the other hand, 3 thousand companies closed down, a figure that exceeded 2,040 two years ago."
The feeling of owning your company can not be understood "until you finally experience it: an exquisite satisfaction, seasoned with spicy uncertainty, dressed in the joy of vertigo."
A young businesswoman puts on paper her journey of running her own company, with the conviction of one who knows she has found her way in life.
'...I start the day unexpectedly with a tingling in my hands or an unanswered question.
The new website streamlines the process of business registration and complements the panamatramita.gob.pa site for completing paperwork with the government.
From a press release by the Ministry of Commerce and Industry of Panama:
The Minister of Trade and Industry, Ricardo Quijano, madeofficial the launch of the panama.eregulations.org information website, which allows people to see step by step from the user's perspective, the procedures for creating or operating a business in Panama in various sectors of economic activities.
It is the longest amount of time in the entire Central American region for formalizing a new business.
Laprensa.com.ni reports: "While in Panama it takes five days to open a business, in the case of Nicaragua 36 days are needed, the longest in all of Central America, according to the Doing Business Report 2014, by the World Bank (WB) ... ".
The report reveals that although Nicaragua is a country with the fewest amount of procedures needed to start a business, "the bottleneck" is in the process of obtaining permits for electricity, construction, property registration and other things.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...