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How to Get a Business Visa in Peru for US Citizens

How to Get a Business Visa in Peru for US Citizens

Find out how to get a business visa in Peru as a US citizen. Peru is still one of Latin America’s best-performing economies with a solid economic and industrial background. Despite current conditions changing the country's economic landscape, Peru is still considered one of the most attractive countries in the region to invest in or do business. To do business in Peru as a US citizen, you will need a business visa. The Peruvian government is constantly making its best effort to improve the commercial environment. The country is improving its legal framework to ensure that investors, whether foreigners or nationals, are treated as equals. It is important to know that there are two types of migration options for foreigners. They are as follows: Temporary Stay: Foreigners enter the country just for tourism or business.Residency: Foreigners who apply to live and work. Work, investor, and business visas in Peru for US citizens Peru is improving its legal framework to ensure that investors, whether foreigners or nationals, are treated as equals. Peru has different types of Peruvian visas for different uses. The most commonly required visas are: Working visa This is a visa for foreigners who want to work for long periods of time in Peru. It is important to note that this type of visa requires you to have an employment contract with a local company. This visa is usually obtained by incorporating your own company and then hiring yourself to this company. Investor visa This visa is for foreigners who want to establish, develop, and administer a company. Note that this Peruvian visa...

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

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

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...

Essential Back Office Services in Central America for Business Expansion

Essential Back Office Services in Central America for Business Expansion

Back office services in Central America are essential for business expansion Outsourcing your non-core functions such as data entry and document conversion reduces the pressure on your own employees on the ground, and the risk of non-compliance in a new market with unfamiliar regulations.  When seeking externally provided back office services in Central America, you  avoid the trouble of hiring specialist employees, and investing in technological and infrastructural fronts. Your work is handled by experts.  Find out about the value and availability of externally-provided back office services in Central America, and how they can support your successful expansion in the region. Back office services in Central America: Accounting and taxation An essential part of back office services in Central America is accounting and taxation. The back office provider supports the taxation part of the company by planning and filing the taxes before the local tax authorities. In accounting, a back office service provider can help you with keeping your books and accounting registries, and complying with the local corporate regulations. Your back office services provider can support your accounts payable, accounts receivable, and treasury. Specific needs can be adapted in your reports, for example, complying with the international and local accounting standards in multiple currencies.  The back office provider supports the taxation part of the company by planning and filing the taxes before the local tax authorities. As well as Your company can use payroll services. By doing...

Colombia Tax and Immigration Cooperation: What Does this Mean for Business?

Colombia Tax and Immigration Cooperation: What Does this Mean for Business?

On 2 May 2019, the Colombian Tax Authority (DIAN) and the Colombian Immigration Office (Migración Colombia) published a press release informing that they had signed an inter-institutional cooperation agreement. The main purpose of this agreement is to allow the agencies to provide information between themselves in order to prevent tax evasion, money laundering and increase immigration control.    We explore what this agreement means for businesses operating in the country, and those considering their expansion options. Tax Cooperation - Streamlined tax and immigration information sharing Public entities enter into cooperation agreements with the aim of joining efforts to carry out their functions, and reach common objectives. Having agencies share information means less bureaucratic requirements on their customers to ensure information is communicated correctly across those involved in a cooperation agreement. In this case, the interest of the two entities converge in immigration and customs control. These Colombian agencies – DIAN and Migración Colombia - will start sharing information about foreign migrants living and working in the country. This will allow the agencies to communicate with each other on who in their system may potentially be evading taxes, money laundering, or posing another kind of threat to the country’s fiscal security. Ensuring greater tax compliance and monitoring of tax risks enables these agencies to make more informed decisions on applications for tax residence accreditation or tax certifications. What does this mean for foreigners in Colombia?...

Changes to Australian Visa Programs for Employers

Changes to Australian Visa Programs for Employers

Australia is a South Pacific hotspot for business; it’s the place to be to enjoy an open commercial environment, stable democratic institutions and competitive trading opportunities. Demonstrating positive economic growth for over 2 decades, the country is well-renowned for its viability to foreign business and investment. Recently, the government made a number of changes to its immigration visas to further enable businesses operating locally bring in the foreign talent they need. These changes establish clearer pathways to permanent residency in Australia for migrant workers. We explore recent and upcoming developments in Australia’s immigrant visa programs. Temporary Skill Shortages visas To help businesses fill job positions for which there are significant skill shortages in the country, the Australian government established the Temporary Skill Shortage visa (TSS), also known as subclass 482. Under this visa, employees can stay in the country for various lengths of time, for a maximum of 4 years. Costs for these visas vary between AU$1265-2645. As part of this visa, the Australian government has implemented the Global Talent Employer Sponsored program to further support business and skill development in the country. Global Talent Employer-Sponsored program Originally, called the Global Talent Scheme, the Global Talent Employer-Sponsored (GTES) program was a trial by the Australian government to test a new method of granting migrant worker visas. The intent with the Global Talent Scheme was to enable Australian companies - both start-up and large scale – to attract...

What You Need for Permanent Residency in Peru

What You Need for Permanent Residency in Peru

Peru’s building a name for itself as the place to be for commerce, tourism, and lifestyle in Latin America. Global partners are moving quickly to secure trade relationships with this rising power, such as the free trade deal struck with Australia earlier this year, PAFTA. With a relatively open commercial environment in the country, business is booming for foreigners. Recent reforms to visa and residency requirements have made immigration processes simpler. We outline the types of visas on offer for foreigners wanting to make Peru their permanent home, and the eligibility and paperwork requirements to get them. Residency - Types of Peruvian residency visas Peru offers 9 different types of temporary visas for people to set themselves up in the country. There are also several residency visas individuals can choose from when considering a more permanent option. Temporary options include: Independent investor Independent professional Temporary worker Appointed worker Student Tourist Artist 2 different religious visas: Catholic and non-Catholic. For residency, the following options are available: Independent investor ‘Rentista’ visa: for those who receive income from a fixed source, such as property rent payments or dividends Resident worker Resident family Training (student) Religious. The process for applying and obtaining your permanent visa is 30 working days, provided there are no hold-ups or additional delays. It’s therefore vital you have all the documentation you need to supply prepared and correctly authorized/apostilled. To kick start the application process, you...

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