Chile, Panama, Mexico and Colombia lead the table of best countries for entrepreneurs in Latin America. That is the result of the Latin Entrepreneur Index from Latin Business Chronicle.
Chile, Panama, Mexico and Colombia lead the table of best countries for entrepreneurs in Latin America. That is the result of the Latin Entrepreneur Index from Latin Business Chronicle. On the other side of the spectrum, Bolivia, Nicaragua and Venezuela ranked last on the Index.
The index looks at five key factors that impact entrepreneurs:
Number of procedures for starting a business,
Number of days to start a business,
Cost to start a business as a percent of income per capita (including all official and legal fees),
Access to loans (ease of access to obtain a bank loan with only a good business plan and no collateral).
Venture capital availability (venture capital availability for entrepreneurs with innovative but risky projects).
The index uses data from The World Bank’s Doing Business 2013 report and the Global Competitiveness Report 2012-2013 from the World Economic Forum.
A quick rundown of these factors show the strengths and weaknesses of Latin countries on these aspects.
The symptoms Brazil has are almost the same as the ones for last year. It is still the fourth worst country in the region for entrepreneurs. It takes a surprising 119 days to start a business in Brazil, more than three times the average in Latin America. Only Venezuela is worse.
Meanwhile, it takes 13 …
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