Corporate- Tag Archives - Business News and Updates

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Why Outsource Corporate Secretarial Services in Paraguay?

by Legal Team Paraguay | Jul 31, 2020

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...

What are the Company Accounting and Tax Requirements in Guatemala?

by Accounting Team Guatemala | Jun 15, 2020

Whether looking for new investment opportunities in a country different from your own or planning to move your business to a new market, one of the first factors to consider is the foreign accounting and tax system. For those interested in expanding their business to Guatemala, companies or interested parties must understand all the accounting and tax requirements needed to operate. To support your company incorporation and ongoing operations in Guatemala, be aware of and comply with the following accounting and tax requirements. Accounting regulations in Guatemala Be sure to have a full understanding of accounting and tax requirements in Guatemala. You may consider outsourcing this responsibility to ensure compliance. In January 2009, Guatemala adopted the International Financial Reporting Standards (IFRS) accounting regulations. However, it took the country a few years for its local professionals to receive the necessary training to apply them. Currently, the use of these standards is mandatory and generally known. International Financial Reporting Standards have a wide range of general and specific regulations for the labor industry, different lines of business, and possible operating risks, among other aspects. It is important to promptly identify the rules applicable to the business in which you want to invest, so they may be taken into account at the moment you must present your financial statements. This review must be carried out directly by the accounting/financial team in charge, together with the investor or, in the case of companies that are expanding,...

Meet Ruben Key, our Business Development Specialist in Peru

by Corporate Team | Mar 24, 2020

Meet Ruben Key, Biz Latin Hub's Business Development Specialist in Peru. Meet Ruben Key, Biz Latin Hub's Business Development Specialist in Peru. Ruben has been a part of the Biz Latin Hub team for nearly 3 years, providing crucial support to the Lima office supervising operations and communications. In 2020, Ruben will head up a new sales function with the Corporate Operations and Sales Team in Bogotá, Colombia. He will drive proactive sales strategies and support the delivery of the company's sustainable growth agenda. Ruben is a professional accountant with postgraduate studies in international business from. He graduated as a Public Accountant from the Catolica Andres Bello University in Caracas, Venezuela, and later completed an international business MBA from the Universidad Interamericana in Panama. "Good character is doing the right thing when no one else is watching" "Good character is doing the right thing when no one else is watching." Ruben has more than 8 years of experience in managerial roles in different countries in Latin America, with a keen eye for boosting company revenue through innovative management techniques. In these roles, Ruben acquired tax, accounting, and managerial experience, and implemented effective processes for the good maintenance of companies. He also had the opportunity to establish direct communication with foreign suppliers and clients, establishing business relationships for the benefit of both parties. On discussing his core values, Ruben says "good character is doing the right thing when no one else is watching." "The greatest...

Meet Sandra Vargas, Manager of Accounting and Payroll Services in Colombia

by Corporate Team | Mar 20, 2020

"Working with foreign clients interested in investing in our country allows us the experience of being able to contribute our expertise on the accounting and financial aspects of Colombian law, and provide quality services to make it happen." Sandra Vargas, our Accounting Manager in Colombia, oversees all the operations and service delivery of Biz Latin Hub's largest accounting team. In our Corporate Office in Bogotá, Sandra is responsible for ensuring the delivery of the highest quality accounting, tax and payroll services in Colombia, which is our largest client base. Sandra has been a member of our team since 2018. Previously, she was the Senior Accountant for Japanese company Nidec, based in the US. There, she was responsible for consolidating and reporting the company's financial statements for the parent company in Japan, and had the opportunity to learn about the US Generally Accepted Accounting Principles. Sandra graduated as a Food Technologist at SENA. She also studied as a Public Accountant at Universidad del Valle, Financial Management Specialization at Jorge Tadeo Lozano University, and an IFRS Diploma at Sergio Arboleda University. Sandra also undertook a number of courses with the Bogotá Chamber of Commerce to diversify her experience and expertise, including in: Logistics and International TransportationInternational Market Research Marketing for InternationalizationFinancial Viability for Internationalization. What do you enjoy most about your role? When asked about what she enjoys in her role, Sandra enjoys the opportunity to work with international...

Meet Gustavo Servín, our Executive Corporate Accountant in Paraguay

by Accounting Team Paraguay | Mar 11, 2020

Gustavo has been a part of our team since the formal opening of our new office in Asunción, Paraguay in December 2019. Gustavo González works as Biz Latin Hub’s Executive Corporate Accountant in Paraguay. Gustavo is one of the newest members of Biz Latin Hub, having been a part of our team since the formal opening of our new office in Asunción, Paraguay in December 2019. As our Executive Corporate Accountant in Paraguay, Gustavo has been influential in supporting clients from a variety of countries and sectors achieve their business objectives in the country. Gustavo has made an extraordinary effort to provide comprehensive, tailored solutions to serve the commercial needs of his clients and with the highest level of professionalism and attention to detail. “I really enjoy when I find the solution to our customer’s needs,” Gustavo says. “Being able to deliver results and keep our clients happy is very important for me. For me, creating links between colleagues and clients that exceed the purely professional field is the most satisfactory part of my job.” Besides being a key addition to our Latin America leadership team, Gustavo enjoys the outdoors and sports, especially swimming and biking. In 2003, Gustavo graduated from Asunción National University in Paraguay. After working in a variety of positions as Accountancy, Auditing, Tax Advisory, and Management, he joined the Biz Latin Hub team in early December 2019, and has been supporting the company’s operations in the newly established office. Gustavo has experience in several areas, specializing in...

Biz Latin Hub Embraces Legal Tech Innovation in Latin America

by Corporate Team | Jan 20, 2020

We’re proud to announce the development of 2 initiatives that aim to improve our service delivery and customer experience: the Proposal Generator System and Client Onboarding Platform. Biz Latin Hub is embracing legal tech innovation in Latin America. We’re proud to announce the development of 2 initiatives that aim to improve our service delivery and customer experience: the Proposal Generator System and Client Onboarding Platform. Legal tech is a relatively new phenomena impacting firms and legal providers worldwide. It’s one of many movements where technology engages with some of the most traditional sectors of an economy to improve the way people do business. We’re proud to participate in legal tech innovation initiatives of our own, to continue offering market-leading corporate law and accounting services to businesses expanding into Latin America and the South Pacific. What is legal tech innovation? Legal tech, short for legal technology, is a catch-all term to describe the way new technologies are being applied to certain aspects of the legal sector in a market. Legal services are a staple element of an economy’s services, and businesses and people call upon legal service providers for advice on any number of legal situations. In particular, businesses may seek advice on corporate, intellectual property, tax, property, employment, and immigration law, among others. Legal tech innovation optimizes a firm’s ability to deliver their core legal services to clients. Improvements can include greater digitization and automation of internal processes, using new platforms...

Meet the Team: César Sánchez, Medical Cannabis and Mining Lawyer in Colombia

by Legal Team Colombia | Jan 11, 2020

César Sánchez is Biz Latin Hub's very own Medical Cannabis and Mining Lawyer in Colombia, with a range of experience in various legal professions. Born in Santa Marta, César comes from a family of 4 and grew up with particular interest in history, foreign languages, and geography. César studied law at Universidad Sergio Arboleda, graduating with a Bachelor of Law. "During my experience at Uni, I realized that my previous backgrounds in English and Geography would help me to understand better how the world works," he says. "I utterly believe that law it is not just related to courts, trials, and traditionally associated concepts. I wanted to find different perspectives to learn about my chosen discipline, as I believe that is key to succeeding." César's most-valued experiences during university include being a Radio Broadcaster two times (2013-2014 and from April to June 2018) and Sports Columnist in the Spanish Website ‘La Media Inglesa’ (2015-2018) writing about British football, which is another passion of his. As a Medical Cannabis and Mining Lawyer in Colombia... As a Medical Cannabis and Mining Lawyer in Colombia, César is happy to apply his skills and personal interests in a professional capacity. Mining regulations in Colombia are complex to understand, but with the right kind of legal support, are a valuable investment opportunity for foreign entrepreneurs. "Not everyone believed that having knowledge and greater undesrtanding of English and Geography was useful in legal disciplines in Colombia. Fortunately, I have been able to demonstrate to myself and others...