The legal and accounting teams at Biz Latin Hub’s offices in Bolivia, Chile, Colombia, the Dominican Republic, and Panama reported the following regulatory updates in October 2021 that could affect your business interests.
Biz Latin Hub’s multilingual corporate support teams are based in Latin America and offer customized packages of back-office services that include legal and accounting services.
To learn how we can assist you in achieving your commercial goals, please click here contact us today
In October, the Bolivian government introduced notable changes to its regulatory framework.
Published: October 1, 2021
|The Registry of Commerce is a public institution that finances the establishment, organisation, operation, and funding of a new public institution.
|Decree Supreme N°4596
Published: September 06, 2021
|Creates the Plurinational Trade Registry Service – SEPREC. The entity will be operational on April 1,2022.
|Decree Supreme N°4600
Published: October 20th 2021
|Creates the National Committee for Trade Facilitation – CNFC, establishing its composition and functions.
In October, the Chilean government introduced a notable update to its regulatory system:
Published: October 21st 2021
|To comply with BASILEAIII requirements, authorises the Chile Central Bank to capitalize in order for it to conform to the regulations.
Two notable updates to the Colombian regulatory system were made by the government and institutions recently.
|Resolution number 63360 of 2021 issued by the Superintendence of Industry and Commerce.
PublishedSeptember 30th 2021
|This is how the Industrial Property rates and other provisions will be set.
|Resolution No. DIAN (Tax Authority), Resolution Number.
PublishedYou can find this link: September 11th 2021
|Chambers of Commerce are responsible for regulating the Single Tax Registry (-RUT) registration and update procedure.
Recently, the Dominican Republic government introduced a notable update to its regulatory framework:
|For the Promotion of Capital Markets, Law 163-21
Published:August 6, 2021
|The increase in share capital through the issuing of additional shares by companies does not trigger tax. Capital gains from shares sold by publicly traded companies will be subject to 17% capital gains tax instead of the 27% general rate up until August 2024.
In October, the Panamanian government introduced a notable update to its regulatory system:
|Bill 153 of 2019 that legalizes the use of medical cannabis
Published:August 20, 2021
|President has approved the law. This law regulates medicinal and therapeutic cannabis use, and provides a framework to monitor and control access.
Biz Latin Hub is here to help you do business in Latin America
At Biz Latin Hub, our multilingual company formationOur team of legal, recruiting, accounting and financial professionals is ready to assist you in Latin America and Caribbean business. We offer a full range of services for market entry as well as back-office that ensures our clients are compliant and safe.
Contact us nowLearn more about our services to help you meet the regulations in Latin America, the Caribbean and other countries.
Find out more information about teams of professionalsOur company has enabled Latin America’s commercial growth.