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

Perceptions of 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...

Commitments Between New Zealand, Singapore, and Key Trading Partners

Commitments Between New Zealand, Singapore, and Key Trading Partners

During the COVID-19 outbreak, commitments have been made between New Zealand, Singapore, and a number of key trading partners. These commitments include mainly about the trade lines they have. The pandemic has created significant disruption to the global economy and world trade, as production and consumption are set back across the globe. Businesses are facing significant challenges and need to adapt rapidly. Many governments are trying to navigate their economy through this crisis with several measures. Recently, New Zealand and Singapore have agreed to support their trade lines. They welcomed Canada, Australia, Chile, Brunei, and Myanmar to keep supply chains open and remove any existing trade-restrictive measures on essential goods. This agreement supports recent attempts the country has made to boost trade with key Latin American partners. Trade relations between New Zealand and Asian partners The majority of New Zealand companies export to Singapore as a strategic entry point and regional headquarters for further engagement with China and India. Singapore is one of New Zealand’s biggest trading partners and the seventh-largest export market. The majority of New Zealand companies export to Singapore as a strategic entry point and regional headquarters for further engagement with China and India. Furthermore, in 2000 Singapore and New Zealand agreed upon signing a Closer Economic Partnership (CEP) to boost New Zealand exports to Singapore. These have been multiplied over the past 10 years and increased by over 50% according to NZTE (New Zealand Trade and...

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...

Australia and New Zealand’s Economic Packages to Support Business

Australia and New Zealand’s Economic Packages to Support Business

Find out about Australia and New Zealand's economic packages to support business for local companies. Like many countries. these South Pacific Island nations have taken measures against COVID-19. Strict social distancing measures in place across the world can impact business activity quite significantly, as many are unable to operate, or are operating at a reduced capacity. The global economic situation has changed, and businesses may struggle to stay afloat.Australia and New Zealand are executing campaigns to support local companies in order to prevent them from going bankrupt. Gain insight into this overview: Australia and New Zealand's economic packages to support business. Overview of Support Campaigns in Australian and New Zealand Australia and New Zealand's government introduced economic packages to support business in the countries. The following sub-headings will show you some examples of the actions they carried out. A company called Business Australia, this organization gives advice and guidance to help Australian business owners navigate through these difficult times. Australia's support campaign Business Australia, a free membership organisation that supports over 40,000 companies in Australia, gives advice and guidance to help Australian business owners navigate through these difficult times. To offer extra support during this challenging time, they have converted a big part of their website to offer resources for free for all businesses in a campaign. The resources available support businesses in preparing their continuity plan and finding creative ways to...

Digital Trade Agreement Supports E-commerce in New Zealand, Chile, Singapore

Digital Trade Agreement Supports E-commerce in New Zealand, Chile, Singapore

New Zealand e-commerce companies stand to benefit from a new digital trade agreement with Chile and Singapore. In January 2020, the 3 countries concluded negotiations on a ‘Digital Economy Partnership Agreement’ (DEPA). This agreement aims to support digital trade channels and digital economy growth between the countries, and identify new opportunities for international e-commerce businesses. New Zealand online-based companies are empowered to secure new international trade channels with two key partners in Asia and Latin America through increasingly popular digital platforms. We explore what this digital trade agreement means for e-commerce opportunities in the Asia-Pacific region. What’s in the New Zealand-Chile-Singapore digital trade agreement? The DEPA aims to support digital trade channels and digital economy growth between the countries, and identify new opportunities for international e-commerce businesses. The Digital Economy Partnership Agreement (DEPA) between New Zealand, Chile and Singapore specifically targets the promotion and growth of e-commerce opportunities between these Asia-Pacific countries. The scope covers opportunities for cooperation, challenges and areas to consider for a future of increased trade in the digital era. E-commerce companies in the signing countries will receive greater support to expand internationally, and provide their products and services to new markets. According to the New Zealand Ministry of Foreign Affairs and Trade (MFAT), the DEPA digital trade agreement outlines a number of key areas for digital economy development,...

5 Steps to Forming an LLC in New Zealand

5 Steps to Forming an LLC in New Zealand

As part of New Zealand’s company formation process, you must choose a business structure or ‘legal entity’ to operate. These legal entities in New Zealand directly influence how your company will be governed, how many shareholders you need, and other corporate legal and tax compliance requirements. We outline the key steps to forming an LLC in New Zealand, and the characteristics of an LLC that make it the most attractive option for investors. Why form an LLC in New Zealand? Many companies expanding into the South Pacific are considering New Zealand’s productive commercial environment, stable political climate and international connections with powerful Asian markets. These elements, and an increasing aptitude for technological development and innovation, are encouraging multinationals, and other entrepreneurs and investors into the country to do business. New Zealand’s domestic market, though small, is highly responsive to new business, and you’ll quickly be able to identify your target market and gauge your future commercial success. Plus, as a trading company, you’ll enjoy preferential access to a number of international markets. New Zealand has 10 free trade agreements (FTAs) in force currently, another 5 that are soon to come into force, and 8 currently under negotiation. New Zealand is proactive about providing opportunities for local and foreign businesses expanding into its territory. Forming your LLC in New Zealand means enjoying wide-ranging inter-agency support, and a high level of international connectivity to ensure your success. Characteristics of the...

Why Get an Entity Health Check in New Zealand?

Why Get an Entity Health Check in New Zealand?

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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