Most microenterprises in Costa Rica operate informally, lacking basic accounting and electronic invoicing systems. This widespread absence of formal records highlights a significant gap in data transparency and official business registries. Formalizing businesses grants access to credit, builds customer trust, and ensures fiscal compliance. These benefits transform informal operations into sustainable enterprises capable of attracting investment and expanding market presence. This topic is vital for open data because it underscores the scarcity of reliable, structured financial data from the informal sector. Bridging this gap through digital tools and mandatory digital invoicing can generate high-quality, publicly accessible datasets. Such data enables better economic analysis and policy-making, turning opaque microbusinesses into visible contributors to the national economy.
Source:Published on 2023-10-21
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