Doing business in Costa Rica has become more difficult in the last year, according to the latest ranking of the Doing Business 2019 report, prepared by the World Bank, in which 190 countries participated.
Costa Rica was ranked 67th this year, six places lower than a year earlier, below Mexico, Chile, Puerto Rico and Colombia.
According to the report, starting a business in Costa Rica became more expensive when introducing a new tax on legal persons.
The Ministry of Economy, Industry and Commerce (MEIC) believes the report reflects challenges in the areas of startup and construction permits, which have been set as priorities by the Alvarado Quesada administration, so the Ministry now focuses on executing inter-institutional actions that positively impact the country’s business environment.
The report made by the World Bank includes data collected from June 2017 to May 2018, during the last year of the Luis Guillermo Solís administration and it ranks Costa Rica 12th in the area of obtaining credit, 38th in obtaining electricity, and 47th in registering property.