While reading through Guy Kawasaki's blog, I found this report from the World Bank, which includes a list of countries ordered by ease of making business in them.
Mexico comes in at 73, which sounds about right given our recent attempts to start a web development business here. We signed the incorporation papers in May, and here we are in mid August and Open Trails is still not officially registered.
You need this official registration to open a business bank account, but since the banks know that registration takes forever, they allow you to open a bank account if you have a letter signed by a notary public, stating that the registration is in progress. Even with this letter, though, the bank still takes more than a week to open the account.
Talk about Business 2.0! Mexico is in need of some reforms, along with most of Latin America, a big chunk of Asia and practically all of Africa. President Fox promised these reforms at the beginning of his term and six years later they are nowhere in sight. Now they are in our new president's hands, if we only knew who the hell he will be...
Well, enough about that. We'll have to get by with what we have at the moment. Wish us luck.
Read: Error, cannot upgrade to Business 2.0
Previous Topic
