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Costa Rica became more difficult for business during Solís’ last year

October 31, 2018 by Staff News Writer

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.

crhoy.com

Related articles:

  1. Costa Rica ranks 61st in the 2018 Doing Business Index
  2. Despite improvements, Costa Rica dropped 2 places in “Doing Business”
  3. Costa Rica Business Owners Call on Government to Declare Emergency
  4. International buyers arrive in Costa Rica for business mission
  5. Costa Rica will be a leader in business tourism
  6. Costa Rica to generate more jobs this year

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