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New Legal Entity in Paraguay: Simplified Shares Company (EAS)

New Legal Entity in Paraguay: Simplified Shares Company (EAS)

by Legal Team Paraguay | May 30, 2020

Find out about the new legal entity in Paraguay - the EAS, or Simplified Shares Company - and what this entity can offer business owners entering the market. The EAS in Paraguay was established through Law No. 6480/2020 and is an excellent tool for business development in Paraguay. Paraguay is one of the most underrated jurisdictions in Latin America for doing business. The country has demonstrated astonishing annual rates of economic growth, averaging around 4% between 2015-2017 and increasingly diversifying market opportunities, including blossoming agricultural, service and mining sectors. Although it is enticing, it can be difficult to do business in a country where one does not fully understand local law and regulations. With the purpose of encouraging entrepreneurs to enter the market, and reduce bureaucracy, the Paraguayan government has encouraged simplification in the creation of legal entities.  Recently, Paraguay introduced the Empresa por Acciones Simplificadas (EAS), otherwise known as a Simplified Shares Company entity for business. While the law establishig this entity has yet to fully enter into force, this move to open the business environment in Paraguay is promising for foreign executives looking to expand into the country. 6 key characteristics of the Simplified Shares Company (EAS) in Paraguay The Empresas por Acciones Simplificadas (EAS) in Paraguay was established through Law No. 6480/2020 and is an excellent tool for business development in Paraguay. As a Simplified Shares Company, the entity’s main characteristics and innovations to benefit...

How to Incorporate a Company in Guatemala

How to Incorporate a Company in Guatemala

by Team Central America | Apr 11, 2020

Find out the steps to incorporate a company in Guatemala, a rising hotspot for expanding multinationals in Central America. Guatemala is the third largest country in Central America, with just over 108,000 square meters. The country possesses a richness in natural wealth, and is a valuable hub for international trade, with access to the Caribbean Sea and the Pacific Ocean. The country also has a land connection with economic giant Mexico and is connected with the rest of Central America through a cultural history that dates back to around 2000 BC. Guatemala’s connection between its seaports and container terminal presents clear international trade opportunities for businesses operating from for this country. Incorporating a company in Guatemala is therefore an important consideration to make when expanding to Central America. Steps to incorporate a company in Guatemala Generally, there are 6 key steps to incorporate your company in Guatemala. 1. Seek advice from local market entry and legal experts Before expanding a business, it’s important to establish a road map or market entry strategy. Before expanding a business, it’s important to establish a road map or market entry strategy. Seek advice from local legal and market entry experts to incorporate a company in Guatemala, in order to ensure you can set up and begin operations in full compliance with the law. These experts will help you choose the most appropriate pathway to expansion for your business needs. Appointing a legal representative Companies in Guatemala require a Legal Representative to act on their behalf on...

Key Advantages of Doing Business in Brazil

Key Advantages of Doing Business in Brazil

by Legal Team Brazil | Jan 8, 2020

As the largest economy in Latin America and the ninth-largest economy worldwide, many foreign investors looking into the region are considering doing business in Brazil. Brazil has experienced some economic hardship in recent years, though the country is pulling itself together to attract greater numbers of foreign investment. The country experienced a reduction in demand for Brazil’s commodity-based exports. Brazil is nevertheless positive about the future. The government intends to reduce its intervention in local markets, eliminate corruption, open the country to foreign participation and reduce unnecessary layers of bureaucracy. Additionally, President Jair Messias Bolsonaro has expressed his desire to improve commercial relationships with their northern neighbour, and global superpower, the US. For these reasons, among others, international business is now looking firmly at Brazil as an appealing investment destination. Key benefits of doing business in Brazil With an estimated population of over 214 million people, Brazil presents a number of opportunities for foreign investors to do business in the country. We outline several key advantages that foreign investors can maximise on to conduct successful commercial activities. 1. Large consumer market Brazil has the fifth largest global population, and a fast-growing middle class (as is present across the entire Latin American region), meaning that there is a huge consumer market. The size and diversity of the consumer market has created a wealth of exciting commercial opportunities for foreign businesses looking to...

Steps to Incorporate a Company in the Dominican Republic

Steps to Incorporate a Company in the Dominican Republic

by Team Central America | Jan 5, 2020

Businesses expanding into Central America and the Caribbean should consider the prospects of the various economies available for them to base themselves. It's become more popular in recent times to incorporate a company in the Dominican Republic, due to a number of economic and strategic factors. The country is located in the heart of the Caribbean Sea, which surprises its visitors with its beautiful beaches of white sand and blue waters. Surrounded by the sea, it is one of the countries with the greatest tourist influx in the area, offering entertainment activities, luxury accommodation, lush nature, historical landscapes and striking business opportunities. The country has a wide cultural, geographic and natural diversity, direct flights from the United States, Europe and Latin America. It has a size that slightly doubles the size of New Jersey and is more similar to the territorial size of Costa Rica. We outline key steps to incorporate a company in the Dominican Republic. Incorporate a company in the Dominican Republic Choose the Dominican Republic when doing business in the Caribbean; its strong economy and natural diversity offer many opportunities for investors, and favorable living conditions. When incorporating a company in the Dominican Republic, there are 6 main steps to follow. It’s important to first understand what kind of legal entities are available for your business. Following that, you’ll need to prepare formal constitution and other documents, and register with the local authorities. 1. Establish the initial size, objective and capital of the company...

Why Get an Entity Health Check in New Zealand?

Why Get an Entity Health Check in New Zealand?

by Legal Team New Zealand | Dec 28, 2019

New Zealand is a popular country to do business in among entrepreneurs looking for international trading opportunities. The country offers ideal conditions for incorporating a company. Its geographic location and strategic positioning offers companies access into neighboring South Pacific and Asian markets. Before incorporating your company, be sure to undertake an entity health check in New Zealand through a trusted local provider. An entity health check is a vital tool for understanding a company’s status in the eyes of the government.  Mitigate risk and ensure full corporate compliance for your company through an entity health check in New Zealand. What is an entity health check in New Zealand? An entity health check is a review of a company’s overall fiscal and legal condition. Usually, an independent auditor will carry out an entity health check on a company. These can also often be referred to as ‘corporate health checks.’ The auditor’s goal is to get an overall picture of the company’s corporate compliance status in New Zealand. This means examining legal documents and financial transactions, plus payroll and other employment records, and any applicable licensing documents the company uses to operate. These records are checked against New Zealand corporate regulations and the requirements of the individual agencies responsible for administering them. The purpose of checking the legal and fiscal conditions of a company is to understand whether there are any non-compliance issues that prospective investors should be aware of before incorporating that company....

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