The legal and accounting teams at Biz Latin Hub’s offices in Bolivia, Chile, Colombia and Costa Rica reported the following regulatory updates in September 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.
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Bolivia
The Bolivian government and its institutions introduced two notable regulatory updates in September:
| Regulatory activity | Outcomes for business |
| Ministerial Resolution N°1104/22 Published: September 20, 2022 | Approves the new regulation for the endorsement of settlements before the Ministry of Labor |
| Law N°1468 Published: September 30, 2022 | The purpose of this Law is to establish the procedure for the restitution of labor rights |
Chile
The Chilean government and its institutions introduced one notable regulatory update in September:
| Regulatory activity | Outcomes for business |
| Law 21.457 Published: September 6, 2022 | Establishes April 29th of each year as the National Day for Health Workers in Chile |
Colombia
The Colombian government and its institutions introduced one notable regulatory update in September:
| Regulatory activity | Outcomes for business |
| DIAN Resolution No. 1240 Published: September 28, 2022 | The deadline for providing beneficial ownership information in the RUB is extended. |
Costa Rica
The Costa Rican government and its institutions introduced one notable regulatory update in September:
| Regulatory activity | Outcomes for business |
| DPJ-FID-001-2022 Published: September 30, 2022 | Escrows will be identified under numbers 3-111 and 3-112 |
Biz Latin Hub can support you and your business in Latin America
At Biz Latin Hub, we have a multilingual team for legal, accounting, recruitment and company formation services, ready and waiting to support your business efforts in the Caribbean and Latin America. Our broad range of services allow our clients to do business with the peace-of-mind that they have checked all the commercial boxes, and that they are compliant with all the relevant legislative and regulatory criteria.
To learn more about how we can assist you in doing business in Latin America, contact us.
Also, you can learn more about our team of professionals and how they are enabling commercial growth across Latin America.
The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.
