Central America Archives

Advantages of doing business in Guatemala

by Legal Team Guatemala | Oct 16, 2020

Guatemala has experienced significant growth over recent years, turning it into one of the most competitive markets in Central America and a popular destination for investment in the sub-region. Find out about the advantages of doing business in Guatemala. Annual economic growth has only dropped below 2.5 percent on one occasion since 2000, according to the Bank of Guatemala (pdf), while the country's international commerce represents more than 30 percent of Central America's total imports and...

Overview of Import and Export Regulations in Belize

by Legal Team Belize | Oct 15, 2020

Getting to grips with import and export regulations in Belize is essential for anyone looking to enter the international freight market in this English-speaking Caribbean nation. Although Belize is not as popular an investment destination as its Central American neighbors, the country offers businesses an unsaturated market that highly encourages foreign investment. Those conditions also make starting a business in Belize an attractive prospect. Belize is an active member of the World Trade...

September 2020 Regulatory Update: Chile and Costa Rica

by Team Latin America | Oct 2, 2020

BLH has experts across Latin America Our legal and accounting specialists at Biz Latin Hub's Chile and Costa Rican offices report the following notable regulatory updates for September 2020. We provide comprehensive multilingual market entry and back-office support to foreign companies operating in Latin America. With our guidance, our clients can comply with all their corporate legal, accounting, and tax obligations to ensure their ongoing development and growth in key Latin...

Building An Effective Market Entry Strategy for Panama

by Legal Team Panama | Oct 1, 2020

Building an effective market entry strategy for Panama is crucial to the success of any business launching in the isthmus -- one of the fastest growing economies in Latin America. With a stable political environment and a vibrant economy, Panama has an average annual economic growth rate of 4.6% and a welcoming approach to foreign investment and business. But to take full advantage of the opportunities available, it is essential to build an effective market entry strategy for Panama. Your...

When Do You Need a Legal Representative in Guatemala?

by Legal Team Guatemala | Sep 30, 2020

When incorporating a company in Guatemala, it is mandatory to appoint someone as a legal representative. That person will be a principal local point of contact, representing the company to Guatemalan authorities and taking responsibility for overseeing every aspect of the legal and regulatory processes related to launching the business. Guatemala is one of the largest economies in Central America, with a promising outlook for foreign investment, which offers a host of investment and business...

What Should Companies Know About Guatemala’s Labor Code?

by Legal Team Guatemala | Sep 25, 2020

Understanding Guatemala's Labor Code is essential when looking to expand in the country and hire local staff. The Central American country has experienced progressive economic stability in the last 4 years, with economic growth of 3.1% in 2019. Currently, Guatemala is considered one of the largest economies in Central America with a promising outlook for foreign investment. Understand Guatemala’s Labor Code to hire staff in the country. Understanding Guatemala's Labor Code is essential when...

How to Obtain a Business Visa in Guatemala

by Legal Team Guatemala | Sep 21, 2020

Obtain a business visa in Guatemala to leverage business opportunities in a country that emerges as an attractive destination for foreign business. Guatemala has experienced exponential growth in foreign investment in recent decades, as it has shown constant economic growth, good government reputation, and has reached multiple regional free trade agreements with countries such as Colombia, Costa Rica, Panama, Dominican Republic, Honduras and El Salvador. Learn how to obtain a business visa in...

Understanding El Salvador’s Business Etiquette

by Legal Team El Salvador | Sep 15, 2020

Starting a new business can be a challenging experience, especially when doing it in a foreign country. The clash of cultures can become an obstacle if you don't understand how people of different nationalities do business. Therefore, when incorporating a company in Central America, it is vital to understand and embrace El Salvador's business etiquette. Understanding El Salvador's business etiquette is key to effective communication Effective communication is essential when trying to impress...

Why Conduct an Entity Health Check in Panama?

by Legal Team Panama | Sep 14, 2020

Corporate compliance in Panama is constantly changing. Therefore, conducting an entity health check in Panama will ensure that your business or the company you plan to do business with complies with local legislation. Foreign executives doing business in Panama must undertake an entity health check regularly. Hiring a trusted local partner to review the status of your company in terms of corporate compliance will protect your business from penalties and avoid risks. What is an entity health...

Overview: Trade Relations Between the United States and Costa Rica

by Legal Team Costa Rica | Sep 10, 2020

The United States and Costa Rica have maintained a relatively close trade relationship throughout its history. According to the Embassy of the US in Costa Rica, this relationship was born in 1851 and reinforced in 1852, when the “Treaty of Friendship, Commerce and Navigation” between both countries came into effect. Interactions between both countries cover diverse trade matters and allow them to benefit and strengthen their commercial and diplomatic relations. Costa Rica receives from the US...

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