El Salvador prepares for its law and Venezuela falls for adoption – CVBJ
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Costa Rica s central bank lifts growth forecast amid manufacturing rebound
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Economic Growth, Business and Costs
High social charges, excessive regulations for businesses and the high price of labor are factors that prevent Costa Rica s economy from reaching its growth potential.
Thursday, March 11, 2021 In Costa Rica, establishing a personally owned company without employees is up to three times more expensive than what it can cost in a country that belongs to the Organization for Economic Cooperation and Development (OECD).
An analysis prepared by the Central Bank of Costa Rica (BCCR) states that in OECD countries the average cost of establishing a personally owned company without employees amounts to $100, which is considerably less than in Costa Rica, which is around $300. According to the monetary authority, in Chile and Mexico the cost is practically zero.
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Days after the tourism sector requested an extension in the assessments on the payment capacity, which must be carried out by the financial entities of the debtors, the Central Bank of Costa Rica the legal and regulatory conditions are already in force.