NewsWhore
09-26-2007, 02:00 PM
The DR has climbed 18 steps up and now is 99th on a list of 178 countries in the World Bank ranking for ease of doing business, up from 117th last year. Countries are ranked by ease of: starting a business, dealing with licenses, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
The improvement came after the National Competitiveness Council (CNC) pushed forward efforts to reduce Dominican government red tape to enable a company to be formed in 22 days, down from 73 days.
Andres van der Horst, director of the CNC said that it would become easier in 2007. He announced the installation of a system whereby companies will be able to be formed via the Internet in a matter of hours. The system would put the DR at the vanguard in Latin America. He says they have been working on recommendations in a USAID-funded Chemonics consultancy study, and are implementing these in coordination with the Center for Exports and Investments (CEI-RD).
Van der Horst also pointed out that the DR improved its ranking in support for foreign investors, going from 135th position to 122nd, or moving up 13 steps.
In Latin America and the Caribbean, the DR is ranked 19th amongst 31 countries.
www.doingbusiness.org/economyrankings/?regionid=0 (http://www.doingbusiness.org/economyrankings/?regionid=0)
More... (http://www.dr1.com/index.html#2)
The improvement came after the National Competitiveness Council (CNC) pushed forward efforts to reduce Dominican government red tape to enable a company to be formed in 22 days, down from 73 days.
Andres van der Horst, director of the CNC said that it would become easier in 2007. He announced the installation of a system whereby companies will be able to be formed via the Internet in a matter of hours. The system would put the DR at the vanguard in Latin America. He says they have been working on recommendations in a USAID-funded Chemonics consultancy study, and are implementing these in coordination with the Center for Exports and Investments (CEI-RD).
Van der Horst also pointed out that the DR improved its ranking in support for foreign investors, going from 135th position to 122nd, or moving up 13 steps.
In Latin America and the Caribbean, the DR is ranked 19th amongst 31 countries.
www.doingbusiness.org/economyrankings/?regionid=0 (http://www.doingbusiness.org/economyrankings/?regionid=0)
More... (http://www.dr1.com/index.html#2)