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.
Table of Contents
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.
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.
