Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.
The COVID-19 pandemic has given nations around the world a strong blow. Latin American jurisdictions and businesses are beginning to evaluate what measures are most suitable to manage health, economic, and social uncertainties. While you do business in El Salvador under COVID-19 restrictions, there are some tips to consider for your business. Here we outline 5 useful tips that you can apply to your company in El Salvador. 1. Negotiating company costs and expenses One of the best ways to...
Multinational companies are increasingly choosing Latin American as the location for commercial expansion. There are two main ways to establish a local presence in El Salvador: creating a legal entity or utilizing a PEO to hire local staff. How you establish your local sales presence in a country will be the key to the success of your business. Some generate greater profits and others better mitigate the risks, obligations and local regulations of the country. Here we outline the different...
For years, Panama has been one of the fastest-growing economies in Latin America. The country, with an average economic growth of 4.6%, promotes new opportunities for foreign investment in different industries. Buying property in Panama or investing in the country's real estate sector is a wise decision, as it is one of the most profitable industries to get involved in. Learn about the regulations, processes, and benefits of buying a property in Panama. Regulations to consider when buying...
Our professionals report notable regulatory updates for July 2020. Biz Latin Hub’s team of legal and accounting specialists operating across all key markets in Latin America report the following notable regulatory updates for July 2020 in Bolivia, Brazil, Chile, Costa Rica, Guatemala, Mexico, Panama, Paraguay, and Uruguay. We support foreign companies in Latin America comply with all corporate regulatory compliance obligations to ensure their success in new markets. For more information on how...
Understanding Guatemala's business etiquette could increase the possibilities of success when doing business in the country. Business etiquette creates an overall picture of a company, which radiates onto the market and thus has a significant impact on entrepreneurial success. Learn about the most important aspects foreign executives should consider in regard to Guatemala’s business etiquette. Guatemala's business etiquette by Hofstede Business etiquette includes the norms and values...
Economies in Latin America are changing rapidly. One important regulatory development for many countries in the region is digital tax, because it captures services delivered online or electronically. The OECD claims that Latin American economies are making real progress to address the tax challenges arising from the digitization of the economy. This international entity also expects that further digital tax developments in Latin America provides stability and certainty in the international tax...
Dr Baker shares his insights on Austrade's new client services and trade opportunities in Latin America post Covid-19. This month, Biz Latin Hub’s Chelsea Heywood was privileged to connect with Dr Nicholas Baker, Trade Commissioner and Counsellor Commercial for Australia’s Trade and Investment Commission (Austrade), based in Mexico, Central America and the Caribbean. Dr Baker shares his insights on Austrade’s new client services and trade opportunities in Latin America post Covid-19. Learn...
As business projects may don't always go as planned, foreign executives might want to liquidate a company in Guatemala. In some cases, this decision can be due to reasons related to the market conditions, product demand or political environment. However, regardless of the reason why you decide to exit the market, you must follow a formal liquidation process. Steps to liquidate a company in Guatemala 1. Inscription of dissolution agreement The first step to liquidate a company in Guatemala is...
There are multiple benefits for US companies doing business in Costa Rica. The country offers to foreign investors a politically stable environment, closeness to major cities in the world, and an international reputation that precedes it in education, tourism, technological, manufacturing and service matters. Plus, businesses have a number of options when expanding into the country. These attributes undoubtedly generate a powerhouse for US companies doing business in Costa Rica. In this...
Learn about the opportunities for e-commerce in Panama to understand options available to your when expanding your business abroad. Panama is a top contender for new business, as it is one of the most stable economies in Central America. The increase of mobile and technological devices has contributed significantly to the development of e-commerce in Panama. Online services and products that are offered through online platforms provide new opportunities for investors that are looking to...