law reform

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June 2020 Regulatory Update: South and Central America

Biz Latin Hub’s team of legal and accounting professionals based across Latin America report the following notable regulatory updates for June 2020 in Argentina, Brazil, Chile, Costa Rica, Ecuador, El Salvador, Mexico, Panama, Peru, and Uruguay. In our regulatory update series, we report on legal and other reforms that could significantly impact businesses in Latin …

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Boardroom of an SAS in Uruguay

Sociedad Anónima Simplificada (SAS) in Uruguay: New Legal Entity for Business

Learn about the Sociedad Anónima Simplificada or SAS in Uruguay, and how it offers a new option for foreign executives to expand into the developing country. Entrepreneurs have long demanded more sophisticated tools to support commercial activity in Uruguay. Despite demonstrating positive GDP growth since 2003, there were still some limitations that impeded the growth …

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New Law Set to Boost E-commerce in El Salvador

New Law Set to Boost E-commerce in El Salvador

Latin America has welcomed a number of technological revolutions in recent years, including online business activity (known as electronic commerce or ‘e-commerce’) and financial technology or ‘fintech’ innovation. With El Salvador right at the forefront, this development consists of introducing and implementing new technologies to perform activities and services such as transactions, purchases, sales, finances, …

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Medicinal Cannabis in Ecuador: Legalization to Spur Commercial Boom

As expected, Ecuador has been the most recent nation to join the unstoppable bandwagon – the medical cannabis industry. The Ecuadorian National Assembly passed legislation to approve the production, commercialization, use, and consumption of cannabis for medicinal or therapeutic treatment on 17 September 2019. This makes Ecuador the fifth Latin American nation in quick succession …

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Mining in Ecuador: Opportunities for Service Companies

Ecuador is a country that has traditionally based its economy on its natural resources, both renewable and non-renewable. In this sense, Ecuador is no stranger to mineral exploration and exploitation activities. For example, the country has great experience in the production of oil and its derivatives. This experience, which it has had for more than …

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