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Why Outsource Corporate Secretarial Services in Paraguay?

Why Outsource Corporate Secretarial Services in Paraguay?

Corporate secretarial services in Paraguay help clients to manage and alleviate risks of their business’ compliance. Paraguay is one of the most attractive countries for doing business in South America. The World Bank states that the country has a fast-growing economy with a continuous growth percentage of 4.5% over the last years. In the last two decades, Paraguay has experienced important changes in its economy, overcoming financial challenges in the 1990s and the beginning of the new millennium, and making fiscal and debt adjustments in the middle of the last decade. The country has been favored by positive external factors that added to macroeconomic stability, leading to years of notable growth in GDP and GDP per capita. We outline crucial competencies to look for in a provider of corporate secretarial services in Paraguay, and the importance of these services when expanding your business. Importance of corporate secretarial services in Paraguay The right corporate secretarial services provider supports a company’s risk management activities by enabling businesses to fulfill their corporate obligations. Setting up operations in a new country such as Paraguay is a challenge in regards to understanding and complying with new tax regulations, adapting to a new business culture and hiring the right staff. It can be time-consuming and complicated, especially when considering language and cultural barriers.  For this reason, it is vital to work with a trusted local partner to ensure that your company meets all local and international requirements. Hiring a local provider...

5 Reasons to get an Entity Health Check in Chile

5 Reasons to get an Entity Health Check in Chile

Find out why and when it is a good idea to get an entity health check in Chile. Manage your business risks and protect yourself from potential non-compliance issues by understanding your company’s corporate ‘health’ in the eyes of the government. Chile has well-established and solid legal and compliance frameworks designed to encourage and protect business people in the country.  To foreign executives, corporate compliance in Chile can be difficult to navigate - especially if there is a language barrier with local institutions.  It is a key instrument to ensure your company and the companies you are perhaps interested in acquiring/investing, are fully compliant with local regulations. As with other countries, an entity health check in Chile - also known as a corporate health or corporate compliance check - is one or more audits or due diligence reviews carried out on a legal entity. What is an entity health check in Chile? As with other countries, an entity health check in Chile - also known as a corporate health or corporate compliance check - is one or more audits or due diligence reviews carried out on a legal entity. These reviews aim to understand if that entity is and has been fully compliant with local corporate regulations. These reviews cover various aspects of a company’s activities, including the legal, accountancy, tax, human resources, licenses (administrative or others) operations. What things are covered in an entity health check? Entity health checks in Chile can vary quite a lot in terms of the extension, depth and aspects being audited. In most...

Corporate Compliance for Business in Australia

Corporate Compliance for Business in Australia

Australia's string of successful stable governments and steady stream of foreign investment have allowed their economy to show a continuous incline over the last 20 years. These advantages have helped investors look past Australia’s rigid and strict corporate compliance system at the bigger picture – opportunity in the diverse corporate landscape that Australia offers. Nevertheless, that is not to say that newcomers to the market shouldn’t be aware of the regulation. Outlined is a brief glance at a range of corporate compliance regulations that especially incoming foreign investors to Australia should be wary of. Maintain corporate compliance in Australia with ordered business registrations One of the first tasks to take care of when incorporating a business in Australia is compliantly registering the business with the relevant authorities. The first registration task is obtaining a business name. The best way to do this is directly through the Australia Securities and Investment Commission’s (ASIC) online business name registration portal. This is quick, convenient and direct. This business name must be renewed every 1-3 years. Following that, every operational business must get an Australian Business Number (ABN) and a Tax File Number (TFN). If the company is seeking to trade in goods and services, it must be registered for Goods and Services Tax (GST). All of these tax registrations are available to obtain online through the same Australian Business Register website. Following this, the company is formally recognized. Depending on the activities of the company, there...

Why Get an Entity Health Check in Brazil?

Why Get an Entity Health Check in Brazil?

Despite being the seventh-largest recipient of foreign direct investment in the world and by far the highest in Latin America, Brazil has the most rigorous corporate compliance system in the region. In fact, Brazil ranks in the top 10 locations worldwide for complexity of doing business. To help alleviate the headache of compliance issues and mitigate the risk of corporate wrongdoing, get an entity health check for your company. Entity health checks, otherwise known as corporate health checks, are used by both large businesses as well as startups. Their practicality is especially prudent in nations where corporate compliance regulation is difficult and convoluted, or where penalties for corporate misconduct are harsh. Unfortunately, Brazil qualifies on both of these accounts. As figures would suggest, however, Brazil’s appetizing opportunities framed by its tax incentives, growing economy, and low labor costs make it too good an opportunity to miss. With the use of corporate health checks, enter the Brazil market without the fear of non-compliance penalties. What are entity health checks in Brazil? An entity health check is a voluntary audit conducted by independent contractors. This independent group is made up of legal and financial experts who are employed to open up a company to inspect possible compliance issues. By delving into tax filings, social security payments, meeting minutes, and other corporate documents, these checks assess the company’s compliance status. Corporate health checks help companies to ensure that their actions are all clean and legal. There are...

What are entity health checks and why are they important? 

What are entity health checks and why are they important? 

As a general rule, Latin America has a highly regulated business environment. Laws, licenses, statutes, and directives litter the region’s business world, frequently providing headaches for business owners. Compliance is often one of the largest tasks a business faces when starting up, and unfortunately can be the undoing of a company, particularly for those with foreign backgrounds.  However, Latin America’s various attractions such as tax incentives, low labor costs, and rapidly growing compound annual GDP rates are too appealing to ignore. To benefit from this business paradise and avoid compliance issues, entity health checks are the way forward.  What are entity health checks? An Entity health check (also known as corporate health check) is an audit conducted by independent contractors who are employed to inspect accounting and legal compliance. Services of this kind consist of opening the company up to investigate possible compliance issues. These checks assess the business’ current status with all relevant government institutions. By examining tax filings, social security payments, up to date licensing and general corporate housekeeping, a company can know if their actions and activities are clean. In a minefield of legal and accountancy regulations, it is very easy for companies to overlook or simply ignore compliance regulation.   Entity health check types To conduct a corporate health check, it is important to distinguish which type of check is required. There are two different types of corporate health check – a high-level corporate health...

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