Sunday 16 May 2021

Doing Business in Central American Cities

The are roadblocks to doing business in Costa Rica and Central America, but business opportunities still exist.
The are roadblocks to doing business in Costa Rica and Central America, but business opportunities still exist.

QCOSTARICA – A World Bank study has evaluated regulations which exist in 22 cities in the region for starting new business, registration, construction, and border trade.

The study “Doing Business in Central America and the Dominican Republic 2015” compares business regulations in 6 Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) and the Dominican Republic.

- Advertisement -

Central-America-and-the-Dominican-Republic-overview_pdf' - www_doingbusiness_org_~_media_GIAWB_Doing Business_Documents_Subnational-Reports_DB15-Central-America-and

In addition to the capitals, the study collects data related to 15 subnational locations regarding regulations that affect 3 stages in the life of a small to medium-size domestic firm: starting a business, dealing with construction permits and registering property.

The study also analyzes the indicator of trading across borders, considering 7 main ports and 3 secondary ports. Moreover, it includes a gender perspective based on the study of laws and regulations that impose differential treatment for women.

Main Findings

- Advertisement -

There are substantial variations in business regulations and their implementation across countries in the region, and also among cities within the same country.

In each country there are cities with good practices in at least one of the areas measured, while no city excels in all areas.

It is easier to do business in Panama City (Panama), San Jose  (Costa Rica) and Guatemala City (Guatemala).

In Guatemala, Honduras and the Dominican Republic, there are broad differences among cities.

In El Salvador and Nicaragua, the performance is more homogeneous.

Best performing countries in the starting a business area have implemented one-stop shops and online systems but their capitals benefit the most from them. In general, medium-sized cities perform better in dealing with construction permits, the area with more subnational differences. In registering property, variations mainly occur due to national policies, such as the quality of cadastral information or the efficiency of property registries.

- Advertisement -

In trading across borders, the region is divided into 2 groups: Panama, the Dominican Republic and Costa Rica are among the top 50 economies on the ease of trading across borders, while El Salvador, Guatemala, Honduras and Nicaragua require more time and documents to import and export.

Peer to peer learning, with the support of regional bodies, would promote the convergence towards best practices in the region.

Read more: “Doing Business in Central America and the Dominican Republic“.

-Central-America

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Q Media supports AmCham initiative to request donation of vaccines to the United States

QCOSTARICA - The Costa Rican North American Chamber of Commerce (AmCham)...

Farmer’s fairs remain fertile despite the effects of the pandemic

QCOSTARICA - Despite the effects of the pandemic, "ferias" (farmers fairs)...

MOST READ

Who are the richest entrepreneurs in the region?

QCOSTARICA - 2020 was marked as a complex year worldwide due to the Covid-19 pandemic, however, the following are entrepreneurs who were not only...

Space tourism is here – 20 years after the first stellar tourist, Jeff Bezos’ Blue Origin plans to send civilians to space

For most people, getting to the stars is nothing more than a dream. But on May 5, 2021, the 60th anniversary of the first...

Natalia Carvajal tells of her arrest at San Jose airport with false proof of covid-19

Q MAGAZINE - he former Miss Costa Rica and television personality, Natalia Carvajal, broke the silence of her arrest several weeks ago at the...

Protesters tried to block roads, but Police prevented closures

QCOSTARICA - Small groups of protesters tried to block several routes in the country on Monday, but the Fuerza Publica (National Police) managed to...

Colombia surpasses 80,000 COVID-19 deaths; ICU’s nearly full

QCOLOMBIA – Confirmed deaths from COVID-19 in Colombia passed 80,000 on Friday, May 14, with intensive care units almost full in the biggest cities,...

San Jose airport how has rapid covid-19 testing for travelers

QCOSTARICA -  Travelers who require a negative covid-19 test to enter their destination country may now get tested at the Juan Santamaría (San Jose)...

A perfect storm: What’s behind the Colombia protests?

QCOLOMBIA – Colombia has been roiled by nationwide, anti-government protests for more than two weeks, with the city of Cali emerging as the epicenter. Protesters...

Health expands group 3 vaccination for people from 16 to 58 years

QCOSTARICA - Adolescents of 16 and 17 years old with some risk factor in case of falling ill with covid-19 will be part of...

11,773 older adults rejected the covid-19 vaccine; another 441 missed the second dose

QCOSTARICA - A total of 11,773 older adults (defined here as those ages 58 and up) have rejected the covid-19 vaccine and another 441...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.