Procedures for Business Registration Streamlined

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

Wednesday, May 23, 2012

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.
- Also removed, 17 steps for registration of individual traders reducing the process from 4 days to one and a half.
- Both measures contribute to improving the business climate and attracting investments as well as to formality and tax culture.

Guatemala, May 21, 2012. The Minister of Economy, Sergio de la Torre and the Superintendent of Tax Administration (SAT), Miguel Gutierrez, presented on Monday the " Agile Counter Plus" through which the creation of companies and the generation of formal jobs is facilitated, well as providing tax incentives and a culture of legality.

Economy Minister Sergio de la Torre said that progress in the simplification of procedures is necessary in order to improve competitiveness. "The implementation of the Agile Counter Plus, as well as benefiting users, entrepreneurs and business people, encourages the formalization of businesses and impacts positively on the Doing Business report by the World Bank", said the Minister.

More on this topic

New Website Facilitates Procedures in Guatemala

June 2013

The new site, Asisehace.gt, provides information on starting a business, paying taxes, licenses, staffing and social security matters, among other things.

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

The Minister of Economy, Sergio de la Torre, and the Presidential Commissioner for Competitiveness and Investment, Juan Carlos Paiz, presented the system asisehace.gt, an initiative by the National Competitiveness Program (Pronacom) run by the Ministry of Economy.

Less Paperwork to Start a Business in El Salvador

April 2012

The Government of El Salvador has announced an initiative called "MiEmpresa.gob.sv" which from next May will reduced from five to one the number of forms required for filing and commencement of operations of a company.

A press release from the Ministry of Economy of El Salvador reads:

It's Easier to Do Business In Nicaragua

April 2016

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.

Bureaucracy: An Unsolvable Problem

August 2010

Since 1994, successive Costa Rican governments have said they will try to reduce bureaucracy but to date excess red tape remains a problem.

Laura Chinchila's new administration has also included bureaucracy among its list of priorities.

As an example, the current government gathered leaders from the Ministries for Trade (Comex), Health and Farming to discuss the optimization of trade agreements, which the La Prensa Libre editorial deems a good start. The paper says that the next step is to define specific actions to make procedural simplification a reality.

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