Our index evaluates the easiest places to start and grow a business in Latin America
Where is the easiest place to start a business in Latin America? LBC attempts to answer that question with our annual Latin Entrepreneur Index, a comprehensive index that takes stock of the rules, costs, and availability of financing in 18 countries in the region. The index examines five key facets necessary to start a business: the number of procedures necessary to register a business, the number of days, the cost of procedures, ease of getting a loan, and the local availability of venture capital – and ranks the countries according to those criteria.
But laws on the books do not always necessarily tell the whole story when it comes to entrepreneurship in Latin America, says David Wachtel from Endeavor, a global non-profit that mentors entrepreneurs in the developing world, and which got its start in Latin America. LBC spoke with Wachtel about some of the key factors that make a country a hotbed of entrepreneurship – or not.
In our index, Chile comes out on top as the easiest place to start a business in the region – a fact that will come as no surprise to those with their eyes on the country. The country consistently comes out on top of business rankings in Latin America for its relatively easy business environment. Chile shines for the few procedures and low cost to register a business, as well as relatively easy access to financing and venture capital to expand. Panama comes in at …
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