LATAM- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

Why Foreign Companies Should Hire Staff Through a PEO in Mexico

Why Foreign Companies Should Hire Staff Through a PEO in Mexico

Foreign companies should consider hiring staff through a Professional Employer Organization or ‘PEO’ in Mexico during their expansion process. Mexico has become one of the hot growth spots for Foreign Direct Investment (FDI), boosting new commercial activity. This is due to the many benefits and opportunities for doing business in Mexico, supported by comprehensive trade deals between its North American counterparts. With that being said, there are challenges and uncertainty that companies...

Expand Your Business with a Secretarial Services Provider in Ecuador

Expand Your Business with a Secretarial Services Provider in Ecuador

Engaging with a secretarial services provider in Ecuador is a crucial step for multinationals expanding to the Andean country.  Although economic growth was slow last year, the ambitious tax and tariff reforms implemented in 2019 contributed to better management of the country's fiscal budget, which is key for Ecuador. In addition, the World Bank estimates an economic growth recovery for 2020. Entrepreneurs operating in or seeking to expand to Ecuador must engage with a professional...

Camilo Mantilla Discusses People and Commerce in Central America

Camilo Mantilla Discusses People and Commerce in Central America

Camilo Mantilla shares his insights on human, sociopolitical and commercial conditions in Central America. Biz Latin Hub's Daniela Bogotá and Chelsea Heywood had the privilege of connecting with Camilo Mantilla to gain his insights on human, sociopolitical and commercial conditions in Central America. In his current role as International Advisor at the John Jay College of Criminal Justice in New York, Camilo focusses on security and public safety in Mexico. He previously worked as a Legal...

Understanding Labor Laws in Panama

Understanding Labor Laws in Panama

Understanding labor laws in Panama is crucial as an expanding company looking to hire staff. Panama offers competitive conditions for doing business - it has the lead in economic growth in Central America which draws much attention from foreign investors. The country’s estimated GDP growth for 2019 is 3.7%, and it has a reported GDP per capita of US$15,642. Furthermore, Panama is expected to continue experiencing stable growth in 2020. The Panama Canal strongly supports international commerce...

Digital Trade Agreement Supports E-commerce in New Zealand, Chile, Singapore

Digital Trade Agreement Supports E-commerce in New Zealand, Chile, Singapore

New Zealand e-commerce companies stand to benefit from a new digital trade agreement with Chile and Singapore. In January 2020, the 3 countries concluded negotiations on a ‘Digital Economy Partnership Agreement’ (DEPA). This agreement aims to support digital trade channels and digital economy growth between the countries, and identify new opportunities for international e-commerce businesses. New Zealand online-based companies are empowered to secure new international trade channels with two...

How to Form a Limited Liability Company (LLC) in Paraguay

How to Form a Limited Liability Company (LLC) in Paraguay

Foreign companies expanding to Paraguay may choose to form a Limited Liability Company (LLC), due to the familiarity of the entity type with that of their home country. In Paraguay, an LLC is called a Sociedad de Responsabilidad Limitada, or SRL. There are several steps to form a Limited Liability Company in Paraguay. Expanding companies will also need a few key components to go through this process, including support from an experienced legal services provider operating locally....

Meet the Team: Arturo Batista, Corporate Lawyer in Panama

Meet the Team: Arturo Batista, Corporate Lawyer in Panama

Arturo Batista works as Biz Latin Hub’s Country Coordinator and Lead Corporate Lawyer in Panama. Arturo has extensive knowledge and experience in Panamanian immigration, corporate and commercial law. Arturo was born in Panama City, and grew up with an interest in using his knowledge to help others achieve their goals. He obtained a Bachelor's Degree in Science and Literature at the Panamanian Chinese Cultural Center. During this time, he had the opportunity to travel to Taiwan. While overseas,...

6 Mistakes to Avoid When Doing Business in Latin America

6 Mistakes to Avoid When Doing Business in Latin America

Latin America should be on your radar when considering your next destination for doing business. There are numerous consumers markets waiting to be explored with new and innovative goods and services. While Latin America may not be the easiest region to do business in, the potential benefits far exceed the costs. We have put together our top 6 mistakes to avoid when doing business in Latin America. It could save you committing some costly mistakes, and emphasize what areas might require more...

Entrepreneurship in Chile Favors Innovation and New Business

Entrepreneurship in Chile Favors Innovation and New Business

Entrepreneurship in Chile continues to develop, supported by government initiatives. According to the Global Entrepreneur Monitor (GEM), Chile is the most entrepreneurial country in the world, ahead of the US and India and alongside Guatemala. Many factors such as start-up funding, education, innovation system, and entrepreneurship environment contributed to Chile’s number one ranking. With a skilled workforce, a thriving entrepreneurship environment, solid macroeconomic fundamentals, and...

New Regulations for Software Technology Business in Uruguay

New Regulations for Software Technology Business in Uruguay

Newly introduced regulation supporting software technology business in Uruguay sets precedent for other Latin American countries. Uruguay is a pioneer in regulations for and development of technologies in the region; the country has a tax framework that reaches streaming service providers such as Netflix and Spotify, which is something that other countries in Latin America such as Peru are still working to implement. In the midst of technological disruption around the world, the development of...

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