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Guatemala jumps in Ease of Doing Business index

Thursday, November 14, 2013

Guatemala and Brazil were Latin America’s two biggest climbers in the World Bank’s Ease of Doing Business Index from 2013 to 2014.

Having done more to ease its tax-paying process than any other country on earth, Guatemala advanced 14 places from 93 to 79 and was ranked the tenth most improved country in the index.

Guatemala opened an online one-stop shop that allows new companies to register with the commercial registrar, tax authority, social security institute and Ministry of Labor through a single online form, the World Bank noted.

Source: Nearshore Americas