Market Entry- Tag Archives - Business News and Updates

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Biz Latin Hub Expands: Leading Market Entry and Back-Office Services in Guatemala

by Legal Team Guatemala | Jun 8, 2020

Biz Latin Hub is now offering multilingual and multidisciplinary market entry and back-office services in Guatemala. Guatemala has demonstrated consistently positive GDP growth since 2009, and serves as a strategic hub for businesses operating across the Americas. Growth in certain Central American economies in recent years has attracted a number of foreign companies to the region, especially those interested in manufacturing, technology, and establishing trade channels to both Northern and Southern markets. Within the region, Guatemala has demonstrated consistently positive GDP growth since 2009, and serves as a strategic hub for businesses operating across the Americas. In December 2019, the Global Entrepreneurship Monitor identified Guatemala as a country with high entrepreneurial spirit and Established Business Ownership. Biz Latin Hub’s Managing Director, Craig Dempsey, says, “as a market leader for end-to-end market entry and back-office services in Latin America, we couldn’t overlook the potential for international business community in this entrepreneurial nation.” “Guatemala is a top economic performer in Central America, and offers a number of incentives to help businesses thrive. We are excited to be able to support our clients entering this emerging market.” Explore our full range of market entry and back-office services in Guatemala Founded in Colombia in 2014, Biz Latin Hub now operates across 16 countries in Latin America and the South Pacific. With our team of legal, accounting, payroll and trade specialists, we can offer end-to-end support for foreign...

Manage your Business Risks with Due Diligence in Mexico

by Legal Team Mexico | Mar 22, 2020

When doing business in Mexico, managing your business' risks with due diligence practices is essential to its success and longevity. Language and/or cultural barriers, understanding the market and the way of handling businesses are challenges that foreign business owners can face when expanding abroad. Buying existing companies or partnering with locals are key ways to reduce these challenges and get support navigating an unfamiliar market.However, it’s imperative to protect yourself when undertaking either of these processes in Mexico by conducting thorough due diligence checks of the companies and people you will surround yourself with.The purpose of this process is to minimize the risk present in a transaction by performing a detailed and independent analysis of the various business departments of the firm. Find out more about due diligence in Mexico and how to manage your business risks. Reducing risks and being prepared is key for starting off on the right foot in Mexico. Why is due diligence important in Mexico? Due to its strategic location and large population, Mexico is an attractive base for setting up a business in Latin America. Over the last decades, Mexico has attracted an enormous amount of foreign investment, and increasing numbers of large companies are establishing themselves in the country. These companies commonly enter the market by buying existing companies that hire local employees, or by partnering with other local companies.Despite this, commercial security remains a challenge for Mexico, and companies are encouraged to protect themselves...

We’re Expanding: Market Entry and Back-Office Services in Bolivia

by Legal Team Bolivia | Mar 3, 2020

Biz Latin Hub is expanding its reach in the region; we’re now providing our suite of market entry and back-office services in Bolivia. As a regional legal and accounting services provider in Latin America, we’re already operating in the five other countries surrounding Bolivia: Brazil, Paraguay, Argentina, Chile, and Peru. Bolivia will be the sixteenth country where Biz Latin Hub has expanded its operations. As neighbouring economies are gaining traction from foreign business-owners, Bolivia’s largely unsaturated sectors offer viable opportunities for multinational companies. “2019 was a big year for Biz Latin Hub in Latin America,” says Craig Dempsey “2019 was a big year for Biz Latin Hub in Latin America,” says Craig Dempsey, Managing Director of Biz Latin Hub. “The consistent growth demonstrated by many Latin American economies has drawn a lot of international attention. The reputations of countries like Brazil, Chile and Peru have attracted unprecedented numbers of foreign commercial actors. “Many are now beginning to explore their options in some of the smaller, more frequently overlooked countries. Bolivia is one of these countries.” Notably, Bolivia has demonstrated positive consecutive GDP growth since 1999, reaching highs of 6.148% growth in 2008, and 6.796% in 2013. It’s set to continue this growth streak in the coming years, and like many others in the region, is experiencing significant technological development that is catching the attention of innovators worldwide. Its involvement in key regional trade blocs such as Mercosur and the Andean Community also...

Meet Fernanda Panizza, Country Coordinator and Corporate Lawyer in Uruguay

by Legal Team Uruguay | Feb 12, 2020

“The client must be taken care of and assisted at all times... as this is critical for a long-lasting relationship.” Meet Fernanda Panizza, Biz Latin Hub’s Country Coordinator and Corporate Lawyer in Uruguay. Fernanda has vast experience in business counseling for foreign and national companies. She specializes in corporate, business and labor law in Uruguay. Fernanda was born in Montevideo, the capital city of Uruguay, and since deciding to become a lawyer, has found her vocation in corporate counseling. Such was the case that when she graduated from the University of the Republic as a Doctor in Law and Social Sciences, she began her Master’s Degree in Corporate Law from the University of Montevideo, where she graduated with Honors. After that, she did a Post Graduate Degree in Applied Labor Law in the University of Montevideo. Background in corporate law in Uruguay Before she started working with Biz Latin Hub, Fernanda worked in two large legal firms in Uruguay, where she gained knowledge and professional experience in corporate law. This made her want to take on new challenges, both personal and professional. Fernanda appreciates that giving counsel to a client is a task that carries great responsibility, since the client fully trusts the professional in their recommendations and advice. “It is of great importance to develop a trusting relationship between the professional and the client” she says. “The client must be taken care of and assisted at all times; we must show commitment and professionalism, as this is critical for a long-lasting relationship.”...

5 Tips for Business Success for US Companies in Chile

by Legal Team Chile | Feb 8, 2020

As one of the world’s most entrepreneurial nations, there are ample business opportunities for US companies in Chile. Chile and the US have maintained a strong commercial relationship dating back to 1918. In 2019, both countries celebrated their 100th anniversary of the Chilean-American Chamber of Commerce. This longstanding and mutually beneficial commercial relationship has fostered strong connections between the 2 countries. For decades, Chile has modeled its economy and institutional foundations on those of North America. The philosophy, principles and guidelines that shape the country’s public policies are similar in both jurisdictions. This includes Chile’s economic, commercial, banking, and trade policies, among others. Succeed in business as a US company in Chile So what’s it like to do business between these two powers? Our Senior legal professionals in Chile have put together 5 key pieces of advice for US companies to succeed in the country’s commercial environment. 1. Engage with local specialists Though it’s true that the Chilean economy and markets share important similarities with those found in the US, there are a number of differences that US companies in Chile must adapt to. Though it’s true that the Chilean economy and markets share important similarities with those found in the US, there are a number of differences that US companies in Chile must adapt to. It’s crucial to understand differences in corporate compliance requirements in Chile in order to ensure you operate in accordance with the law, and secure your commercial success. The US is home to a...

Entrepreneurship in Chile Favors Innovation and New Business

by Legal Team Chile | Jan 21, 2020

Entrepreneurship in Chile continues to develop, supported by government initiatives. According to the Global Entrepreneur Monitor (GEM), Chile is the most entrepreneurial country in the world, ahead of the US and India and alongside Guatemala. Many factors such as start-up funding, education, innovation system, and entrepreneurship environment contributed to Chile’s number one ranking. With a skilled workforce, a thriving entrepreneurship environment, solid macroeconomic fundamentals, and government support, Chile is the destination of choice for innovative businesses seeking to incorporate a company in Latin America. Overview of entrepreneurship in Chile Entrepreneurship in Chile is on the rise. According to GEM 2018-2019 data, entrepreneurial activities grew from 13% in 2008 to 25.1% in 2018. In addition, Chile has a platform called “Create a Company in One Day” which has accounted for 386,310 new businesses between 2013-2018, with an average of 351 new business per day. Government measures, such as Create a Company in One Day are an example of Chile’s focus on driving entrepreneurship in the country. Although not necessarily all companies survive in the market, the outstanding number of companies created over the past years are testament to the supportive environment for entrepreneurship in Chile. Skilled workforce Entrepreneurship in Chile is favored by the availability of a skilled workforce ready to contribute to innovation. In fact, at the 2018 international exam that measures students' knowledge in math, science, and reading, PISA (Programme for...

10 Steps to Start a Business in Argentina

by Legal Team Argentina | Dec 24, 2019

Argentina is one of the largest economies in Latin America with a GDP of US$518.4 billion in 2018. Acknowledging the current complexity of its legal system, the government is working to reduce bureaucratic processes for those wishing to start a business in Argentina. According to the World Bank Group, Argentina’s efforts to streamline its institutional functions through adopting digital processes has reduced wait times for activities such as obtaining import and export licenses. With a growing middle class and highly educated citizens, Argentina is considered one of the important investment destinations in the region for entrepreneurs. Those interested in operating commercially in the country must first understand the legal steps involved to start a business in Argentina. Start a business in Argentina The process to start a business in Argentina will depend on the type of entity or legal structure you choose to use. In general terms, the steps that we will mention below are the most common in the business creation process. However, it should be taken into account that for some entities additional information or procedures will be necessary. 1. Define the legal structure of your company Before starting your business in Argentina, it is necessary to be clear about the type and business plan that you want to carry out. This will help you decide which legal entity in Argentina will give you the right governance structure. The Argentine Companies Law offers for several different types of legal entities for entrepreneurs to start a business with, each with particular...