Regulatory update: 5 LatAm offices report changes in October 2022

The legal and accounting teams at Biz Latin Hub’s offices in Argentina, Chile, Colombia, Costa rica y Guatemala reported the following regulatory updates in October 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.

Argentina

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

Regulatory activity Outcomes for business
General Resolution 13 / 2022

Published: October 10, 2022
New Legal address SAS requirements.

Chile

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

Regulatory activity Outcomes for business
Law 21.489

Published: October 12, 2022
Promotes, protects & incentives Beekeeping related activities & products.

Colombia

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

Regulatory activity Outcomes for business
Resolution 5477 of 2022 of the colombian ministry of foreign affairs

Published: October 21, 2022
New Colombian visa regulations

Costa Rica

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

Regulatory activity Outcomes for business
Executive Decree 43704-JP

Published: October 20, 2022
Reforms the Fees for Professional Services of Lawyers and Public Notaries in order to eliminate the obligation of the minimum rates established therein so that they be “reference rates and discretionary use”
Circular PJ-CIR-021-22 called Re-registration of companies Law 10255

Published: October 17, 2022
The re-registration of companies dissolved due to delinquency in Law 9428 as well as due to expiration of the company term is allowed, once the tax is paid. 

Guatemala

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

Regulatory activity Outcomes for business
Governmental Agreement 245-2022 of the Ministry of Public Finance

Published: October 14, 2022
Establishes that the use of “Final Consumer” may be used in sales or services under Q2,500.00 and the provision of services such as potable water, telephone, electricity, under Q500.00 as of January 14, 2023.
Decree 46-2022 Foreign Investment Development Law

Published: September 30, 2022
Its objective is to foster the economic development of the country, promote the attraction of Foreign Direct Investment (FDI) and guarantee the retention of foreign capital reinvestments in the country.

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.

A BLH infogrpahic showing key services offered by the company
Key services offered by Biz Latin Hub

Tags: regulations latin america

Categories: LATAM

Pin It on Pinterest

Share This

Share This

Share this post with a friend or colleague!