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.

Advantages of doing business in Guatemala

Advantages of doing business in Guatemala

Guatemala has experienced significant growth over recent years, turning it into one of the most competitive markets in Central America and a popular destination for investment in the sub-region. Find out about the advantages of doing business in Guatemala. Annual economic growth has only dropped below 2.5 percent on one occasion since 2000, according to the Bank of Guatemala (pdf), while the country's international commerce represents more than 30 percent of Central America's total imports and exports. The government has made great efforts to stimulate Guatemala's foreign direct investment (FDI) and trade with key regional players, and has reached free trade agreements with numerous other Latin American countries, including Colombia, Costa Rica, the Dominican Republic, Honduras, Panama, and El Salvador. Under such conditions, more and more investors are becoming aware of the advantages of doing business in Guatemala. Doing business in Guatemala: geographic location Location encourages doing businesses in Guatemala Guatemala is located in the northern part of Central America and borders Mexico and Belize to its north. As such it forms something of a gateway between North America and the rest of Central and South America. With coasts on the Pacific Ocean and Caribbean Sea, Guatemala also has five important maritime ports, as well as two international airports, providing attractive logistics to commerce. According to data from the Bank of Guatemala, in 2018 the Central American country and Mexico had a commercial exchange that amounted to $238 billion (USD). Meanwhile,...

5G in Uruguay Improves Conditions for Doing Business

5G in Uruguay Improves Conditions for Doing Business

Uruguay is not only a country with a favourable investment climate, a promising macroeconomic performance and a strategic location for international trade. It is also one of 34 countries worldwide to deploy 5G network in its cities. Learn about the introduction of 5G in Uruguay and the advantages of doing business in the country. The introduction of 5G in Uruguay Uruguay is the third country in the world to start regular 5G operations. ANTEL has recently completed the installation of the first commercially available 5G network in Latin America. This makes Uruguay one of the first countries in the world to introduce the new 5G mobile communications standard.The telecommunications company built the infrastructure as part of a public-private partnership. According to the company, the new network enables the supply of up to one million devices per square kilometre with a transmission speed of one gigabyte per second. Likewise, as claimed by José Otero, President of the non-profit organization "5G Americas", Uruguay is the third country in the world to start regular 5G operations. What is 5G? 5G is the fifth generation of mobile radio and the direct successor to 4G, which is also known as Long Term Evolution (LTE). The main features of the new network are higher data rates and shorter latency times. The aim of 5G is to increase the transmission speed in the network and to reduce the latency times to enable real-time communication between devices. In comparison to the previous LTE standard, 5G allows: Up to a 10-fold increase in the data rate from previously a maximum of 1...

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