The country falls five places in "Doing Business" 2019



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The ease of doing business in the country has not improved this year, on the contrary, given the lack of reforms of the last 12 months, the World Bank has given Mexico the 54th place out of 190 countries, which means a down five positions compared to site 49 that it obtained last year.

In the Doing Business 2019 study that developed the agency, Mexico remained the country that holds the best position in Latin America, even though it saw a drop in the 10 indicators measured. It is followed by Chile, on site 56; Colombia, 65 years old; Costa Rica, 67 years old and Peru, 68 years old.

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<p>The opening of a business on Mexican territory takes 8.4 days, costs 16.2% of per capita income and requires 7.8 procedures. Far from what is happening in New Zealand or Singapore, the first places of Doing Business.</p>
<p>For example, a New Zealander only needs a half-day procedure and costs 0.2% of per capita income and two Singaporean procedures, 1.5 days with a cost of 0.4%.</p>
<p>As for Mexico 's performance, it recorded the worst places in terms of paying taxes, registering ownership and access to electricity, while the best ratings were obtained regarding access to credit and contract compliance.</p>
<p>In the access to credit was placed on the site eight, two places less than the six of last year; in the case of an insolvency resolution of 31, it rose to 32; compliance with contracts, from 41 to 43; protection of minority investors from 62 to 72; cross-border trade, from 63 to 66; obtaining building permits from 87 to 93; create a business, from 90 to 94; access to electricity, from 92 to 99; registration of the property, from 99 to 103, and payment of taxes, from 115 to 116.</p>
<p>The World Bank found that in Mexico, the payment of taxes takes 240 hours a year, while in the best country of study, in New Zealand, it is reduced to 140 hours. The registration of a property on the national territory takes almost 39 days and seven procedures are required, with a cost in property value of 5.8%. As a New Zealander, one day and two procedures only, with a cost of 0.1%.</p>
<p>If you want access to electricity, the procedures to be done in Mexico are almost seven and it will take 100 days to complete it. Having a building permit requires 15 procedures and 82 days waiting. The conclusion of a contract will take 340 days, almost a full year, and will cost 33% of the value of the complaint.</p>
<p>The export of a container to Mexico will take 28.4 hours and will cost $ 460, given documentation and compliance with border requirements. The import will take 61.8 hours and will cost 550 dollars on average.</p>
<p>Last year, Mexico scored 72.27 points, but after registering zero reform in the last 12 months, the rating fell to 72.09 points. Brazil is the country of Latin America that has made the greatest number of reforms when registering four countries.</p>
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