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

Perceptions on 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...

How to Get a New Zealand Business Visa from India

How to Get a New Zealand Business Visa from India

Find out how to apply for a New Zealand Business Visa from India in this overview and step-by-step guide. New Zealand not only attracts businesses with a high GDP per capita, a strong workforce, a reliable government and legal system; New Zealand’s biggest treasure might be the New Zealanders themselves - also referred to as Kiwis. After receiving your New Zealand Business Visa you will be able to discuss doing business with your local partner over a fine NZ wine.  More specifically, you will be able to buy and sell goods and services, arrange set-ups, expansions or liquidations, carry out a trade mission, and do business with an authorised representative of a company.  How do I get a New Zealand Business Visa from India? In 2016, total two-way trade in goods and services between New Zealand and India was worth more than NZ$2.5 billion. To get a New Zealand Business Visa from India you have to meet a range of eligibility conditions first. Also keep in mind what a business visa enables you to do in New Zealand. It is worth double checking that a business visa entitles you to achieve your commercial objectives in the country, and if necessary apply for another visa option. In this article we point out everything you need to know to apply for a business visa from India. The Business Visa allows you to: Buy and sell goods and services in New ZealandCarry out an official trade mission recognised by the NZ government Do business with an authorised representative by the NZ government Arrange set-ups, expansions or liquidation of a business Keep in mind: You are not...

Peru’s Exports Drive Trade Surplus in 2019

Peru’s Exports Drive Trade Surplus in 2019

Peru drove an export trade surplus in 2019, for the second year in a row. Peru's trade activity supports a healthy business environment with strong international commercial connections. Peru’s strong international ties support increased exports activities in Peru. Additionally, Peru is the world’s biggest exporter of blueberries, asparagus, and quinoa. Its non-traditional exports hit record levels and Peru aims to increase its agricultural exports to US$10 billion in 2021 from US$7.5 billion in 2019.  Find out how Peru’s export environment is growing and current trends behind its trade activity. Peru records export surplus in 2019 Peru is the world’s largest exporter of blueberries, asparagus, and quinoa. According to the forecast report published by FocusEconomics’ LatinFocus Consensus in December 2019, Peru’s trade balance recorded a surplus of US$1.2 billion.  This same number was recorded in 2018 as well, demonstrating a healthy trade environment in the Pacific Alliance member’s economy.  Exports rebounded 6.6% year-on-year in December 2019, boosted by rising foreign sales of agricultural products and mining, only partially offset by falling exports of oil and natural gas. In the meantime, imports also bounced back and increased by 8.5% in December, contrasting the fall of 5.2% in November. This is due to the back of a jump in purchases of consumer and capital goods imports. The trade surplus of the 12 months leading up to December 2019 was US$6.6 billion, matching November’s results. Panellists who participated in the LatinFocus Consensus Forecast...

Overview of India-Australia Business Activity

Overview of India-Australia Business Activity

Business activity between India and Australia is becoming more important and relevant for both countries. India was Australia’s eighth-largest trading partner and fifth-largest export market in 2018-19. This was mainly driven by coal and international education.  Two-way goods and services trade with India was US$30.3 billion in 2018-19. The level of two-way investment was US$30.7 billion in 2018. Australia has an ambitious agenda to broaden trade and economic relationship, as stated in the India Economic Strategy (IES), which was published in July 2018 and endorsed by the Australian Government in November 2018. What is the nature of India-Australia business activity? The India Economic Strategy 2035 sets the goal for India to become one of Australia’s top three export markets by 2035. India’s young demographic, rising demand driven by digitization, and aspirational market have made it an attractive market for businesses across the globe. Australia acknowledges that it should recognize and respond to India’s priorities of creating ‘New India’, by engaging itself in a dependable bilateral partnership. ‘New India’ is a pledge by premier Narendra Modi for building a New India in terms of a clean, poverty-free, corruption-free, terrorism-free, communalism-free, casteism-free India. Australia has a high reliance on trade with China, and it is therefore important for the country to diversify its market and strengthen relations with other trade partners like India. In comparison with Australia-India trade values, two-way trade between Australia and China is more than US$200...

Double Taxation Deal Improves Ease of Doing Business in Chile and India

Double Taxation Deal Improves Ease of Doing Business in Chile and India

On November 27, India’s Union Cabinet passed a Double Taxation Avoidance Agreement (DTAA) with Chile. This agreement removes the issue of people living in either country being taxed twice on any incomes they earn in the partner country. This is helpful for expatriate taxpayers and international business owners, who can enjoy an improved ease of doing business in Chile and India. Chile and India share close economic relations, and this is another step in the direction of strengthening the bilateral connection between two regional powers. We explore the details of the double taxation agreement, and potential for international commercial activity in Chile and India as a result. Tax relief for people doing business in Chile and India Expatriate taxpayers and international business owners can enjoy improved ease of doing business in Chile and India with a double taxation agreement. Chile and India have been negotiating a double taxation pact for some time now. The Indian government had expected to sign this deal in 2014. It’s unclear in public records as to why this didn’t go ahead. The DTAA signed in 2019 now provides relief to those living and working across the two countries, which is a confidence booster for business in Chile and India. Living and commercial operational costs can now be reduced, offering a viable destination for people and businesses to operate. This DTAA adheres to minimum requirements and standards of the G-20 OECD Base Erosion Profit Shifting (BEPS) project. This means that the DTAA between India and Chile will not protect those using tax evasion...

Should Indian Companies Enter the Mexican Software and IT Sector? 4/4

Should Indian Companies Enter the Mexican Software and IT Sector? 4/4

In the last 3 articles of this exclusive series on business opportunities available for Indian and Mexican entrepreneurs, we have focused on the astounding diplomatic and economic relationship between the Latin and South Asian countries, as well as zeroing in on the details of the ceramic, energy and automotive industries. Each industry demonstrates interesting trends. The second two articles spoke about industries that are firmly established on Mexican soil, and represent an opportunity for Indian companies to learn and improve from their “elder-brotherly” like industry equivalents whilst also representing an illustrious and fruitful economy that entrepreneurs could enter. In the final article of the series, as is the case with the ceramics industry, we will be analyzing information which more or less demonstrates the opposite trends to those seen in the energy and automotive industries. Like the ceramics industry, the IT and Software sector is not, at least until recently, traditionally a field you would associate with Mexico. On the other hand, the influence of Indian companies in information technology services is legendary, and one of the largest in the world. This article will bring you up to date with the current performance of each country within the sector and highlight some pertinent developments and opportunities for further cooperation between these two emerging superpowers. Indian-Mexico Business - Indian Market Stronger than Ever Before It is worth beginning the following number-crunch of India and Mexico’s industries with this stat: The overall worth of...

Market-Entry Potential for Indian Companies in the Mexican Automotive Sector? 3/4

Market-Entry Potential for Indian Companies in the Mexican Automotive Sector? 3/4

The Indian community in Mexico is small but has had a disproportionately large and positive impact on the development of Mexico’s economy. A very tightknit community, of roughly 8,000 members, mostly concentrated within the Mexico City area, the Indian community of Mexico have successfully assimilated into Mexican society and have managed to integrate successful business in over 15 different states of the Latin nation. The presence of nearly 180 Indian owned companies in Mexico is a testament to the productivity and pragmatism of Indian entrepreneurship. Indian-Mexico Business and Trade In the last two installments of our exclusive 4 part series on Indian industry in Mexico, we have focused on the diplomatic and trade success between the two emerging superpowers whilst looking at opportunities in the ceramic and energy sectors. In part 3, we will look at one of the most profitable and highest ranking points of trade between Mexico and India: the Automotive Industry. An Already Established Relationship As already explored by Biz Latin Hub, the Mexican automotive industry. is one of the largest and most valued sectors of the Mexican economy. Mexico has the largest automotive industry in Latin America and is the 5th largest parts exporter in the world, unsurprisingly the US is the major beneficiary with over 40% of parts being consumed by Mexico’s northern neighbors. In 2016, Mexico received over USD$4 billion in FDI with investors eager to profit from the cheap and highly trained workforce that Mexico has meticulously crafted. The buoyant and increasingly positive nature of...

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