The legal and accounting teams at Biz Latin Hub’s offices in Argentina, Bolivia, Chile, Colombia, and El Salvador reported the following regulatory updates in June 2021 that could affect your business interests.
At Biz Latin Hub our multilingual teams of back-office specialists based throughout Latin America and the Caribbean offer legal, accounting, recruitment and other professional support to companies and investors operating in or looking to enter the region.
If you would like to learn more about how we can assist your international expansion and help you build your business, contact us today.
Argentina
The Argentinian government and its institutions introduced one notable regulatory update recently:
| Regulatory activity | Outcomes for business |
| RG Nº8/21 Published: May 15, 2021 | This resolution establishes new requirements for foreign companies to register in Argentina as “vehicle companies” (SPVs). |
Bolivia
The Bolivian government and its institutions introduced one notable regulatory update in June:
| Regulatory activity | Outcomes for business |
| Supreme Decree No. 4521 Published: 16 June, 2021 | Bolivia’s national government authorizes autonomous regional governments to directly negotiate with foreign companies for COVID-19 vaccines |
Chile
The Chilean government and its institutions introduced two notable regulatory updates in June:
| Regulatory activity | Outcomes for business |
| Law 21.353 Published: 17 June, 2021 | Set forths a number of tax-related measures intended to help small- and medium-sized companies in the context of the global pandemic |
| Law 21.354 Published: 17 June, 2021 | Grants Fiscal bonuses to small- and medium-sized companies as an extension of the abovementioned Law 21.353. |
Colombia
The Colombian government and its institutions introduced one notable regulatory update recently:
| Regulatory activity | Outcomes for business |
| Resolution 2088 Published: 13 May, 2021 | A law protecting jobs in the context of the necessity for home working, such as in the case of the pandemic |
El Salvador
The Salvadoran government and its institutions introduced two notable regulatory update in June:
| Regulatory activity | Outcomes for business |
| Bitcoin Law Passed: June 8, 2021 | A law is passed to make the cryptocurrency Bitcoin legal tender in El Salvador, which will come into effect in September 2021. |
| Decree N°61 Published: 15 June, 2021 | In the context of the pandemic, shareholders’ meetings or general assemblies of all types of legal entities may be held by videoconference or through the use of any technological means that guarantees the security and confidentiality of participating members. |
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 full suite of market entry and back-office services leaves our clients 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 help you comply with the regulatory environment in Latin America and the Caribbean.
Learn more about the teams of professionals we have enabling commercial expansion across Latin America.
