Costa Rica: Procedures for Starting a Business Streamlined
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.
Friday, August 5, 2011
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.
The 12 steps and 60 days that it took to start a business a year ago, have now been reduced to 9 steps that can be done within 24 days.
The Ministry of Economy in Guatemala has presented "Ventanilla Ágil Plus" (Agile Counter Plus), which will reduce the time for registering a business.
Four new decrees reduce timelines for certain bureaucratic procedures in the construction, agriculture and environment sectors.
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.
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