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 new system will be launched sometime in early 2012, and will enable online transactions using a single form and by making a single payment.

Mayi Antillon, the Minister of Economy, explained that the platform is to be connected to the National Registry, the National Printing Office, the Social Security Department, the National Insurance Institute, Taxation, Ministry of Health and the Municipalities.

More on this topic

Less Paperwork to Open a Business in Costa Rica

October 2013

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. reports: "This improvement in opening a business is part of the actions undertaken by the Government to facilitate procedures and which has earned the country a jump of seven places in the ranks of the Doing Business 2014 report ...".

Procedures for Business Registration Streamlined

May 2012

The Ministry of Economy in Guatemala has presented "Ventanilla Ágil Plus" (Agile Counter Plus), which will reduce the time for registering a business.

From a press release from the Ministry of Economy of Guatemala (Mineco):

- 30 steps to register companies eliminated reducing the process from 47 to 17 days.

Costa Rica: Shorter Procedures Times

May 2011

Four new decrees reduce timelines for certain bureaucratic procedures in the construction, agriculture and environment sectors.

In the construction sector times for reviewing plans have been reduced from 90 to 30 days.

According to an article in : "The second decree created a single window for the registration of pesticides, which should reduce the period for registration of a product from 20 to 10 months."

Time and Cost of Starting A Business in Central America

October 2015

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 outlines that "...

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