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.
Table of Contents
Bolivia
The Bolivian government and its institutions introduced one notable regulatory update in October:
| Regulatory activity | Outcomes 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 activity | Outcomes 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 activity | Outcomes 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 activity | Outcomes 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 activity | Outcomes 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. |
Contact our corporate legal team to discuss how Biz Latin Hub can support you
At Biz Latin Hub, our multilingual accounting and legal professionals are on hand to provide 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.
