Costa Rica Shortens Company Registration

The country inaugurated a new system for incorporating companies, which reduces the time needed to register a company from 39 days to 2.

Wednesday, January 20, 2010

A pilot plan of this system started operating in the Municipality of Curridabat, but has now been extended to several municipalities: Santo Domingo, Escazú, Coronado, Alajuela, Heredia, Desamparados, Alfaro Ruiz, Grecia, Naranjo, Poás, Valverde Vega, Palmares and Goicoechea.

"The initiative consists of a IT system centralizing the required paperwork to start a company classified as 'of low environmental impact'", reported Elfinancierocr.com.

More on this topic

Costa Rica: Procedures for Starting a Business Streamlined

August 2011

From 2012 the government will be offering a Digital Home Business System, which will reduce the time it takes to start a business to 20 days.

Currently it takes up to 60 days to complete the various formalities required for starting a business, which places the country among the slowest in the region, according to a global Doing Business report.

Opening a Business in Guatemala

February 2012

The website http://guatemala.eregulations.org/ has been created to publicise legal requirements, streamline the time it takes to register a company and encourage formal employment.

"Today it takes at least 19 different interactions with 6 different public institutions in order to formalize a business (in other countries it requires only 10), 500,000 new businesses open in Guatemala and only 5 percent are formally registered", reports Elperiodico.com.gt.

Extremely Easy to Open a Business in Panama

April 2012

A Notice of Operations is the only process required in order to start up a commercial or industrial activity in the territory of the Republic of Panama.

During the first quarter of this year the Panamanian system recorded 7,396 such notices, which is about 404 less than in the same period in 2011. But exceeded the 7,043 notices during the first quarter of 2010.

Take the Entrepreneurship Test

February 2010

Should you join the millions of people every year who take the plunge and start their first ventures?

Daniel Isenberg, in an article in Harvard Business Review, tells us: “I've learned in my own years as an entrepreneur — and now an entrepreneurship professor — that there is a gut level ‘fit’ for people who are potential entrepreneurs”.

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