business advantage- Tag Archives - Business News and Updates


Find the latest Legal updates and changes, industry reviews, regulatory updates, expert legal and accounting advice, Q&A with experts, and much more content.

International Expansion Options in Peru: PEO vs. Company Incorporation

International Expansion Options in Peru: PEO vs. Company Incorporation

Expanding through a Peru Professional Employer Organization (PEO) or through company incorporation grants access to the increasingly attractive Peruvian market. The country has demonstrated positive growth for 21 consecutive years and enjoys economic stability which is key when determining risk and viability to expand into a new market. For the year 2020, the Peruvian government has laid out a strategic public spending plan with a focus on infrastructure, transportation, education, and health. This strategy will not only impact quality of life for its citizens, but also create a more optimal environment for business creation and investment. Some aspects included in the plan are the financing of line 2 of the subway system, irrigation projects that favor agribusiness, financial management to secure stability and other areas such as education. As logistics improve, businesses will have an easier environment to carry out their operations. Investors considering Peru as their desired market should consider the legal ways to expand their business in the country.  International Expansion Options: Company Incorporation vs. PEO in Peru A PEO, otherwise known as a proprietary company, helps investors with their hiring needs. There are two ways in which entrepreneurs can begin operations in the country: through a PEO in Peru or company incorporation. Peru: What is a Professional Employer Organization (PEO)? A PEO, otherwise known as a proprietary company, helps businesses with their hiring needs. This organization hires local staff on behalf of a foreign parent company, through...

Construction Opportunities from Peru’s Infrastructure Investment

Construction Opportunities from Peru’s Infrastructure Investment

Latin America’s economies are growing at exponential rates and foreign investments are flooding into the region at rates never seen before. As the fifth largest economy in the region, Peru contributes a lot to this success. However, although it has a strong economy, there is a lack of adequate infrastructure in the country.  The government is now dedicating time, money, and resources to improving this sector. Foreign investors and businesses in the industry are looking to gain from these improvement plans. With macroeconomic stability and consistently positive economic growth rates, foreigners  and businesses are gravitating towards Peru’s investment market.  Peru Construction Opportunties - Historical infrastructure woes Peru’s infrastructure problems stem from far back. For years, the country had poor access to adequate roads, bridges, and passes nationwide. Cities were well connected, but small towns and regions had little to no access to the rest of the country. Ultimately, this perpetuated poverty and economic disparity in disconnected regions of the country.  In 2016, the government acknowledged these problems and started to make plans for reparations and improvements. Total, the country pledged over US$33 billion to improvements. However, as they were planning and implementing these changes, disaster struck the country. In March of 2017, ten times the normal rainfall fell over the country’s landscape, prompting severe flooding and landslide. Countless roads, homes, and the central railroad were all destroyed as a result. Focused on safety and recovery, the...

What Are The Benefits Of Free Trade Zones in Uruguay?

What Are The Benefits Of Free Trade Zones in Uruguay?

The Free Trade Zone Regime in Uruguay provides companies with tax and customs benefits. Likewise, it is an effective tool for businesses to efficiently manage their business ventures, allowing them to avoid long delays, unnecessary bureaucratic administrative processes, and of course, providing attractive fiscal benefits.  Uruguay is one of the most attractive Latin American jurisdictions for the establishment of companies. Uruguay allows 100% foreign ownership of local companies and companies can be formed with only one shareholder.  Additionally, the government's implementation of legislation relating to tax regimes and free trade zones has turned Uruguay into a commercial paradise for companies looking to establish their operations abroad.  Moreover, we cannot overlook Uruguay's political, economic and social stability.  What are the Features of Free Trade Zones in Uruguay?  Free trade zones are areas in Uruguayan territory which can be both public or privately owned. These are highly secured locations with the following features: State monopolies do not govern.  The business activities of companies operating in these zones have tax and customs exemptions. There is total freedom for the entry and exit of goods, fixed or capital assets, with exemptions in taxes and duties. Companies can develop any business, industrial and service activity in these zones. Some examples are given below: Marketing, deposit, storage, conditioning, selection, fractioning, assemble, disassemble, handling or mixture or goods or raw materials with foreign or...

Pin It on Pinterest