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Perceptions of Doing Business in Latin America: Cautious Optimism For Future Growth and Opportunities

Perceptions of Doing Business in Latin America: Cautious Optimism For Future Growth and Opportunities

In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. We received a range of responses from 75 business owners, executives, government officials and other specialists operating in over 40 countries worldwide. 57.3% of respondents are considering expanding into the region in the future, with many expressing cautious optimism at economies' abilities to bounce back after the COVID-19 pandemic. Find out what the key takeaways from our survey indicate about people’s perceptions on doing business in Latin America. Perceptions on doing business in Latin America: who took part? 75 people responded to the Doing Business in Latin America survey. Of our respondents, nearly half (48%) were business owners, operating in Latin America and across other regions of the world, including the United States, Europe, Asia, the South Pacific, and the Middle East. 29 respondents (38.6% overall) were business owners operating in Latin America. Many survey participants were operating across more than one country. Of all respondents, 66 people (88%) noted they were working or operating their business within Latin America, and 39 respondents (52%) were operating outside of the region. A third of all respondents were running or working in a company that operates in 5 or more countries, and 16% of all respondents claimed to be operating across 10 or more...

5 Reasons to Establish a Local Sales Presence in Chile

5 Reasons to Establish a Local Sales Presence in Chile

Commercial expansion is a natural consideration for a successful company’s next steps, whether locally or internationally. Internationally, there are virtually endless market and cost reduction related opportunities for growing businesses to take advantage of. Among those, Chile consistently has been regarded as one of the most attractive destinations within the Latin American region to establish a local sales presence. There’s more than one way to establish a local sales presence in Chile. Businesses can choose to build their sales team through forming a local branch or subsidiary, or start with a smaller-scale investment by partnering with a Professional Employer Organization (PEO). Options to establish your local sales presence in Chile Businesses can establish a local sales presence in Chile by forming a local branch or subsidiary, or by partnering with a Professional Employer Organization (PEO). Investors looking to enter the Chilean market have basically three ways to do so: Establishing a local Branch Establishing a local Subsidiary Use a Professional Employer Organization (PEO) to hire your sales executives in Chile. The first two alternatives entail building a heavy footprint in the country as in both require considerable upfront capital expenditure and taxation compliance procedures. Establishing your local sales presence in Chile through a Branch or Subsidiary are also both quite consuming, as the incorporation process in both cases can reach as long as a month or more. What is a Professional Employer Organization (PEO)? A Professional Employer Organization or...

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