Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.
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...
Our legal and accounting professionals report notable regulatory updates for August 2020. At Biz Latin Hub, our team of accounting and legal professionals operating across key markets in Latin America report the following notable regulatory updates for August 2020 in Argentina, Bolivia, Costa Rica, Ecuador, El Salvador and Panama. We enable foreign companies operating in Latin America to comply with all their corporate legal, accounting, and tax obligations to ensure their ongoing success and...
Although El Salvador is one of the smallest countries in Central America, it has a dynamic and promising economy. The government offers multiple tax incentives for local and foreign companies doing business in the country, reducing administrative burdens when setting up a business. Likewise, current social conditions position El Salvador as one of the best destinations to form an NGO. El Salvador suffered an armed civil conflict in the 1980s that ended in 1992 after the signing of a peace...
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...
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...
Our professionals report notable regulatory updates for June 2020. Biz Latin Hub’s team of legal and accounting professionals based across Latin America report the following notable regulatory updates for June 2020 in Argentina, Brazil, Chile, Costa Rica, Ecuador, El Salvador, Mexico, Panama, Peru, and Uruguay. In our regulatory update series, we report on legal and other reforms that could significantly impact businesses in Latin America. Note that this not an exhaustive list of all...
In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. We received a range of responses from 75 business owners, executives, government officials and other specialists operating in over 40 countries worldwide. 57.3% of respondents are considering expanding...
Registering your trademark in Central America protects your intellectual property from competitors. A trademark is defined as a unique sign that distinguishes your product or service from others. Once registered, you must take certain steps to protect your trademark regularly. Central America is comprised of 7 countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Central America is comprised of 7 countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras,...
Conducting a trademark search in Central America is the best way to protect your business and distinguish it from other companies. It is a crucial pre-emptive step before applying to register a trademark when expanding your business in the region. In this article, we will help you understand all aspects you need to consider to conduct a trademark search in Central America appropriately. Classify your business to conduct an appropriate trademark search in Central America To start a trademark...