Guatemala was the only country in the region that improved its position in the global ranking monitoring businessmen's conditions for doing business, while the others went backwards.
The World Bank released the results of the Doing Business 2020 report, which measures the regulations that favor or restrict the development of business activity in different countries.
Costa Rica and Panama are the economies of the region where businessmen find it easier to develop business, followed by El Salvador and Guatemala, and in the last two places, Honduras and Nicaragua.
The World Bank announced the results of the Doing Business 2019 report, which measures the regulations that favor or restrict the development of business activity in different countries.
The first stage of reduction of procedures that the Salvadoran government plans to implement in the coming months will include eliminating duplication of procedures between entities.
Find out in which country of the region it is easiest to obtain a construction permit, where the least taxes are paid, where a creditor is more likely to recover a debt, and where minority investors are most protected.
The World Bank has presented its Doing Business 2018 report, which measures regulations that favor or restrict business activities.Doing Business is made up of quantitative indicators measuring business regulations and the protection of private property rights that are comparable in 190 economies over time.
In Guatemala, four bills are being prepared to facilitate registration of one-person companies, export and import of goods and to regulate bankruptcy of a company.
The goal of the National Competitiveness Program (Pronacom) is to implement a series of measures to help improve the country's deteriorating business climate, which, in addition to being affected by political problems, continues to face the serious problem of excessive bureaucracy.Pronacom is working on four bills that it plans to present next year.
A proposal has been made for registration of companies to be certified directly in the National Center of Records, eliminating the high cost of certification through means of notaries.
An article on Elmundo.sv notes that Jaime Campos, executive director of the Regulatory Improvement Organization (OMR), created by FOMILENIO II, said that El Salvador "...
The time it takes to open a business has reduced from 36 to 13 days, and the number of procedures required to do so from 7 to 6.
Excerpt from the executive summary of the "Economic Report 2016 Cross-Border Trade Institutions and Red Tape" by Funides:
In this document the Nicaraguan Foundation for Economic and Social Development (Funides) will address issues of cross-border trade and red tape, particularly in relation to the ease of import and exporting, creating or formalizing a business and paying taxes and for social benefits.
The average time for the region is 28 days and the average cost is 48% of GDP per capita, a far cry from OECD average time and costs which are 9 days and 3.4% of GDP per capita.
Using data from the Regional Economic Report 2015, an article on Prensa.com outlines that "... Of all the countries in Central America Panama is the place where starting a business requires the least paperwork, time and cost.
A World Bank study has evaluated regulations which exist in 22 cities in the region for starting new business, registration, construction, and border trade.
From a statement issued by the World Bank:
Doing Business in Central America and the Dominican Republic 2015 compares business regulations in 6 Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) and the Dominican Republic.
Claims have been made that the time it takes to undertake the procedures needed to start up a business stated in the Doing Business report are much longer in reality.
With the aim of improving competitiveness, private sector representatives have asked the Panamanian government to cut the amount of red tape, as some of the processes can take up to a year. This discourages foreign investment and above all increases costs for industry.
The future Minister of Economy, Trade and Industry proposes the creation of a court that will be responsible for dealing with complaints from citizens who feel affected by bureaucratic excesses of the state.
If this nonsense is a sign of what the work will be of the next head of the MEIC, the Costa Rican productive sector should not put too much hope in his management.
A new web platform has been presented to register architectural plans in digital format with the National Registry.
From a press release by the Association of Engineers and Architects (CFIA):
The Association of Engineers and Architects (CFIA by its initials in Spanish), the College of Engineering Surveyors (CIT in Spanish) and the National Registry office have presented a new electronic digital registry system for surveys and plans to be submitted to the National Registry. The procedure will be carried out through the platform known as ' Administrador de Proyectos de Topografía (APT)' (Project Management for Surveys), belonging to the CFIA, and which enables users across the country to register online, without having to go to the office of the National Registry in Zapote.
The Guatemalan government has announced that it will tender three works valued at $185 million in the first quarter of 2014.
This was stated by the Minister of Economy, Sergio de la Torre. The first project, which will require an investment of between $100 million to $120 million, will be the commuter train that will connect Centra Norte, zone 18, with Amatitlán.
While in Panama a company can send a container abroad in 10 days, in Nicaragua the process takes 21 days.
Of all the countries in the region Nicaragua is the place where exporting or importing goods takes the longest, significantly increasing the cost of these commercial operations, said the Doing Business report issued by the World Bank (WB).
The cost stated in the report "does not include the payment for freight, which usually varies depending on the final destination of the cargo. In this, according to the WB, are all the costs associated with the completion of the procedures which have to be undertaken for exporting or importing goods. "This includes documentation costs, administrative fees for customs clearance and inspection, customs broker fees, port charges and inland transport costs, among other things." It even incorporates the cost of bribes which sometimes occur in the process of obtaining a document. "
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.
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