October 2020 Regulatory Update: Changes in 5 Countries

BLH staff check the regulatory updates for October 2020
Five BLH offices have reported updates

Our legal and accounting specialists at Biz Latin Hub’s offices in Bolivia, Chile, Costa Rica, Paraguay, and Peru report the following notable regulatory updates for October 2020.

We provide comprehensive multilingual legal, accounting, and back-office support to foreign companies operating in Latin America or looking to enter the region.

For more information on how we can support your commercial needs, contact us today.

Bolivia

The Bolivian government and its institutions introduced one notable regulatory update in October:

Regulatory activityOutcomes for business
Resolution N°244.2020

Published:
Oct 20, 2020 (PDF)
Resolution lifts the suspension of procedural deadlines for certain commercial obligations and related appeals processes.

Chile

The Chilean government and its institutions introduced two notable regulatory updates in October:

Regulatory activityOutcomes for business
Law 18.045

Published:
19 Oct, 2020 (PDF)
Expedites bond registration procedures with the regulator, known as the “Comision Mercado Financiero.”
Law 18.046

Published:
19 Oct, 2020 (PDF)
Expedites summoning procedures for a corporation’s shareholder meetings.

Costa Rica

The Costa Rican government and its institutions introduced one notable regulatory update in October.

Regulatory activityOutcomes for business
Airports open
for all
nationalities
from Nov 1


Announced:
16 Oct, 2020
No Covid-19 test required, only a valid passport and travel insurance.

Paraguay

The Paraguayan government and its institutions introduced one notable regulatory update in October.

Regulatory activityOutcomes for business

General Resolution No. 65

Published:
Sept 17, 2020
(PDF)
Establishes the procedure for the issuance of the Certificate of Tax Residence for tax purposes
and its application to residents of the Contracting States for the application of agreements to
avoid double taxation.

Peru

The Peruvian government and its institutions introduced one notable regulatory update in October.

Regulatory activityOutcomes for business

Ministerial Resolution N° 0642-2020-MTC/01

Published:
Sept 30, 2020
(PDF)
International travel to the following destinations to be permitted from November 1, 2020: Brazil, Canada, Costa Rica, Cuba, the Dominican Republic, El Salvador, Jamaica, Mexico, and the United States.

This follows the earlier reintroduction on October 5, 2020, of international travel to the following destinations: Bolivia, Colombia, Chile, Ecuador, Panama, Paraguay, and Uruguay. 

At Biz Latin Hub, our multilingual accounting and legal professionals are on hand to provide commercial representation and specialist support to foreign businesses operating throughout Latin America and the Caribbean. With our full suite of market entry and back-office services, we ensure our clients are fully compliant with the most up-to-date regulatory requirements where they are operating.

Reach out to our experts to find out more about how we can help you comply with the regulatory environment in Latin America and the Caribbean. Our key services include:

  • Company formation
  • Hiring and Professional Employer Organization (PEO) services
  • Visa processing
  • Local and international tax advisory
  • Accounting and taxation
  • Due diligence
  • Legal services, including legal representation, trademarks, and liquidation
  • Market entry and commercial representation.

Learn more about our team of professionals driving successful compliance practices and enabling commercial expansion across Latin America.

Biz Latin Hub's market entry and back-office services
Biz Latin Hub’s market entry and back-office services

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