The time and procedures to open or close a business, as well as to get
construction permits are critical factors for international business
success.
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 38
and 120 days are needed, respectively.
Number of procedures needed to obtain construction permits
In Mexico 11 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 105 days, in China investors
need 336 days or 411 days in Brazil.
Time needed for closing a business
Investors can close a company in Mexico in 1.8 years which is faster
than Czech Republic, Brazil, Chile, or India.
Recovery rate
The recovery rate is recorded as cents on the dollar recouped by
creditors through the bankruptcy, insolvency or debt enforcement
proceedings
Additionally, the recovery rate for closing a
business in Mexico is 67 cents, 39 cents more than Chile and Czech
Republic, and 50 cents more than Brazil.