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What is a Compliance Officer for an NGO in Peru?

What is a Compliance Officer for an NGO in Peru?

Forming an NGO in Peru requires a range of legal aspects, such as the nomination of a compliance officer. NGOs in Peru must create an internal compliance system with a Compliance Officer. This is a part of the work culture of an NGO in Peru and the organisation must enforce it. Find out about requirements for NGOs in Peru to work with a Compliance Officer. What is the compliance system for an NGO in Peru?  The main task of a compliance officer in an NGO in Peru is to ensure the organisation works ethically. A compliance system prevents corruption inside a company resulting in either direct or indirect benefit. The characteristics of a comprehensive compliance system for an NGO in Peru are: The general board and general management should be the main supporters of this system.Its implementation must function as a system that goes through the different business units.A compliance must take as a basis: values, promises and commitments of the organization. In addition to that, it must be measurable in order to confirm compliance.It should be considered that the company’s evaluation is carried out in the future. It is very important to put this comprehensive risk management model into effect in NGOs, since this involves identifying the most critical risks. Some organizations may apply international standards. What does a Compliance Officer do in an NGO in Peru? The Peruvian government established Decree Law N° 1352 of the Law N° 30424, which regulates the administrative liability of legal entities against transnational active bribery. The scope of application includes...

Why Get an Entity Health Check in Colombia?

Why Get an Entity Health Check in Colombia?

Explore your options to get an entity health check in Colombia for your own business, or an existing company you may be planning to buy. A complex system of regulations, laws and licenses could be a factor not to buy an existing company without ensuring its status first. Additionally, you may not be aware of the full compliance picture of your company in Colombia. An entity health check can help with this.It is essential to understand any potential corporate non-compliance or concerns for your business operations when acquiring your business in Colombia. In order to take the biggest advantage of these succeeding markets whilst keeping on the correct side of administrative consistency, an entity health check is a key assurance check. Entity health checks in Colombia are reviews done by financial and legal experts. What is an entity health check? Entity health checks, also called corporate due diligence reports, are reviews carried out by financial and legal auditors. Employing an external provider that is specialized in entity health check provides commercial reassurance. Prospective business owners may authorize the provider to examine the legal, financial and accounting records of a company. The reason for checking the legal and fiscal states of an organization is to identify whether there are any non-compliance problems that the investors should take into account before buying an existing company. In a minefield of legal and accountancy regulations, it is simple for organizations to oversee or simply ignore compliance regulations.   Why should I get an entity...

Why Get an Entity Health Check in Mexico?

Why Get an Entity Health Check in Mexico?

Just as people need a checkup at the doctor’s office at least once a year, companies should also routinely perform an ‘entity health check’ in Mexico for their subsidiary or branch. This review is also known as a corporate health or corporate compliance check. Depending on the business’ activity, it’s recommended to conduct these checks regularly. Hiring external auditors to review the status of your company in terms of its corporate compliance in Mexico protects it from unforeseen penalties and manages the risk of non-compliance. Our Senior legal and accounting professionals give advice on the nature and process of entity health checks in Mexico. What is an entity health check in Mexico? An entity health check in Mexico is an overall assessment of the critical elements of the company. Generally speaking, an entity health check in Mexico is an overall assessment of the critical elements of the company. This health check is often referred to as corporate compliance and fiscal and legal compliance and is part of ensuring commerical due diligence. This health check reflects what, if anything, your company needs to do to stay compliant with local law. Sometimes a company’s Directors cannot accurately assess the overall compliance status, or don’t possess the legal or financial know-how to understand their compliance requirements in Mexico. It pays to get a professional external auditor to conduct this review on the company’s behalf. The checks review all fiscal, legal and other operational activities of a company, and raise any discrepancies or issues to be remedied. This...

Corporate Legal Compliance and Industry Benefits in El Salvador

Corporate Legal Compliance and Industry Benefits in El Salvador

El Salvador is a small country with a big opportunity for investors across the globe. With its geographic location, El Salvador is perfect for linking up trade between North and South America. Alongside this, it has a rapidly growing tourism industry for which its volcanic landscapes and its beautiful beaches are idyllic spots for hikers and surfers. However, in setting up a business or in making an investment in El Salvador, it is advised to make sure that you get to grips with El Salvadorian legislation and the obligations that come with it. Therefore, here is a small introduction into corporate legal compliance in El Salvador. Corporate Legal Compliance El Salvador - Decree 732: Investment Law This law has the objective of facilitating foreign investments and other investments in general, especially those which contribute to the economic and social development of the country. Furthermore, it treats foreign investment in the same light as domestic investments. Thus, to make an investment in El Salvador you must register this investment. Registration of Companies and Investments Article 22 on the Law on Investment indicates that registration of an investment will be requested to the ONI or the inscription of the same one, previous to the fulfillment of the corresponding legal requirements. Accompanying this, Article 358 sets out the requirement for foreign investments to be registered in the Commerce Registry. This is to be done through the completion and presentation of several documents such as: Proof that the company is legally incorporated and abides by the laws of...

Corporate Legal Compliance in New Zealand

Corporate Legal Compliance in New Zealand

The world bank advocates New Zealand for the easiest country in the world to do business in 2019. The strong economic and regulatory environment allows the country to provide entrepreneurs and investors, including foreigners, a great opportunity to start their commercial journey. Migration steps are easy to comply with and the process of establishing, owning and operating your business can be completed through government applications such as online portals. Find out what you need to know in terms of your responsibilities when setting up a business in New Zealand. Overview: Tax and Accounting in New Zealand Tax is compulsory in New Zealand, therefore, anyone that earns money in the country has to pay income tax. This includes businesses, contractors and those who are self-employed. Income tax can be pre-paid. This is known as provisional tax and contributes to annual tax paid in several installments. However, Inland Revenue, the local department that handles tax for the government, notifies the company or the person to do this. Incorporating a company When incorporating a company into New Zealand, the company must reserve a company name. The New Zealand Companies Act expresses that a company must have an official registered office address in New Zealand. Therefore, a registered office must be provided however if the new business has not yet got a physical presence in the country. There are solicitors and accountants available to provide the service needed for the growing company. There must be at least one shareholder with a share capital of NZ$1. In addition, all...

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