El Salvador joined the 10 top improvers for Doing Business
By Portal & Asociados

"With four reforms—captured in the indicators for dealing with construction permits, getting electricity, paying taxes and trading across borders—El Salvador is the only economy in Latin America and the Caribbean on this year’s list of 10 top improvers", states the 2018 report, the 15th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.
Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies and over time. It measures regulations affecting areas of the life of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
The 2018 ranking is lead by New Zealand, Singapore, Denmark, Korea Republic and Hong Kong SAR, China. El Salvador climbed from 95º to 73º after improving in construction permits, getting electricity, paying taxes and trading across borders. These are the main findings from the World Bank:
"The municipal authorities in San Salvador introduced legislation requiring phased inspections during construction as well as experience requirements for professionals in charge of inspections. Furthermore, an online system was implemented for the payment of preliminary construction fees"
"El Salvador improved the reliability of electricity by introducing new software programs allowing better outage man- agement and maintenance planning".
"El Salvador mandated all business taxpayers to file their annual income tax return through one of the available electronic methods (DET software or online processing). The general online tax processing and payment system was also consolidated".
"El Salvador made exporting and importing easier by increasing the number of customs officers at the Anguiatú land border".