The time and procedures to open or close a business, as well as to get
construction permits are critical factors for international business
Number of procedures for opening a business
In Mexico, an investor needs only 6 procedures in order to open a company. This number is significantly lower than in India, China or Brazil.
Time needed for opening a business
In Mexico a business can open in 9 days, while in China and Brazil 33 and 119 days are needed, respectively.
Number of procedures needed to obtain construction permits
In Mexico 10 procedures are required for construction permits, which means that it is easier to obtain them here than in Czech Republic, China and India where a triple amount of procedures is required.
Time needed to get construction permits
In Mexico, construction permits are much quicker than in India, Poland, China and Brazil. While in Mexico it takes 69 days, in China investors need 270 days or 469 days in Brazil.
Years for creditors to recover their credit
In Mexico creditors can recover their credit in 1.8 years, which less time than the one needed in Brazil, Russia, India, Chile and other competitors.
The recovery rate is recorded as cents on the dollar recouped by
creditors through the bankruptcy, insolvency or debt enforcement