It takes 20 times longer to open a company in many countries in the region than in the United States, Singapore or New Zealand.
According to a new report by the World Bank's International Finance Corp., several Latin American countries continue to be among the world champions of bureaucracy, while Eastern European, Asian and African countries are moving much faster to reduce government red tape, making it easier for its people to start new businesses.
The report, Doing Business 2009, is the sixth such annual report conducted by the IFC, and measures several areas of each country's regulations affecting current or potential businesses. While Colombia, the Dominican Republic and Uruguay made some progress in cutting red tape last year, most other countries in the region fell behind the rest of the world in 2007, the report says.
Source: verizon.net
More on this topic
September 2008
If you are thinking of starting a business in Latin America, arm yourself with patience.
It takes 20 times longer to open a company in many countries in the region than in the United States, Singapore or New Zealand.
According to a new report by the World Bank's International Finance Corp., several Latin American countries continue to be among the world champions of bureaucracy, while Eastern European, Asian and African countries are moving much faster to reduce government red tape, making it easier for its people to start new businesses.
November 2010
Position in 2010 Rankings: Panama 72 (62 in 2009), El Salvador 86 (80), Guatemala 101 (100), Nicaragua 117 (119), Costa Rica 125 (121), Honduras 131 (128).
With the exception of Nicaragua, which rose two places, the Doing Business 2011 ranking shows that easiness of doing business in the Central American countries has deteriorated, at least in relation to other countries.
September 2009
Side by side, country by country: the most problematic factors for doing business in Central America.
We define competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country.
The level of productivity, in turn, sets the sustainable level of prosperity that can be earned by an economy.
April 2010
The industry ministry teamed up with Citibank to develop “Doing Business in Panama”, a business guide.
It includes information and tips on laws, structures, and other topics necessary when establishing foreign companies in Panama.
Roberto Henríquez, Commerce Ministry, explained that the document, that will be available in all Citi branches in the country, will explain investors Panama’s benefits in logistics, financial services, agricultural exports and tourism.
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