Regulatory Update: 3 LatAm Offices Report Changes in January 2022

The legal and accounting teams at Biz Latin Hub’s offices in Chile, Colombia, and Costa Rica reported the following regulatory updates in January 2022 that could affect your business interests.

At Biz Latin Hub our multilingual teams of corporate support specialists based throughout Latin America and the Caribbean offer tailored packages of integrated back-office services, including legal, accounting, and recruitment, among other solutions to assist companies and investors doing business in the region.

If you are interested in doing business in Latin America and would like to learn more about how we can help you bridge cultural and linguistic barriers when entering the region, as well as support ongoing operations, contact us today.

Chile

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

Regulatory activity Outcomes for business
Law n° 21.408

Published: January 15th (Valid from: July 2022)
New law that modifies regulations in force in Chile on the classification and characteristics of different vessels dedicated to fishing activity, passenger transport, among others.
Law n°21.409

Published: January 25th (Valid from: January, 2022)
New law that establishes for a single time a mandatory holiday or rest for health workers, private and public, in Chile, of 14 business days during the year 2022, charged to the institutions indicated and to the Chilean Treasury.

Colombia

The Colombian government and its institutions introduced two notable regulatory updates in January:

Regulatory activity Outcomes for business
Law 2191

Published: January 6th, 2022
It stipulates and regulates the labor disconnection,  this new law  protects people’s right to disconnect from work by establishing that employees are not obliged to respond to out-of-hours correspondences from their bosses.
Circular 00000004 

Published:  January 13th, 2022
This circular provides recommendations for occupational protection during the fourth peak of the sars-cov-2 pandemic (covid-19). In addition, it allows an early and immediate isolation in both people, symptomatic and asymptomatic.

Costa Rica

The Costa Rican government and its institutions introduced one notable regulatory update in January:

Regulatory activity Outcomes for business
Article 81 of the Labor Code. (Addition of item n)

Published: January 25th, 2022
This reform adds discrimination based on HIV status to the list of protected conditions, thus, employers must consider this on their internal policies and handle of sanctions for employees HIV positive.

Biz Latin Hub can support you doing business in Latin America

At Biz Latin Hub, our multilingual company formation, recruitment, accounting, and legal professionals are ready to support you doing business in Latin America and the Caribbean. Our comprehensive portfolio of market entry and back-office services means our clients operate safe in the knowledge they have all commercial bases covered and are fully compliant with current legislation and regulatory requirements.

Contact us now to learn more about how we can assist you doing business.

Or learn more about the teams of professionals we have enabling commercial expansion across Latin America.

Key services offered by BLH including legal services, accounting & taxation, hiring & PEO, due diligence, tax advisory, and visa processing
Key services offered by Biz Latin Hub

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