Latin America has a lot to offer both start-ups and large businesses looking to expand into new markets.
Are you looking for new markets to do business? Are you looking to expand your business into Latin America? Are you looking for a lower operating cost environment? If so, starting or expanding your business to Latin America could be a great option. With an emerging and growing middle class, a young and well educated population, good infrastructure and low costs of doing business, the region presents many business opportunities, and has a lot to offer both start-ups and large businesses looking to expand into new markets.
Despite the exciting prospects of doing business in Latin America, you should remember that the region is not without its flaws. For this reason, contracting a company to provide professional services such as company formation, visa processing and financial reporting can help to add value to your Latin America investment.
What Are The Complications When Forming a Company?
The opportunities within the region are enormous, however the business operating environment is somewhat complicated; the markets are inefficient and it can be difficult to navigate the local legal and regulatory environments, especially when operating in a foreign language. Some day-to-day examples of the complexities include:
When forming a company in most local jurisdictions, a legal representative needs to be appointed for the new entity. This individual has to be a foreign national or a local national. A company looking to setup up a business must first find a third-party to act as the legal representative, and then once the company is formed and operating, the company can then change the legal representative.
When money is sent to and/or from many of the local jurisdictions, it is often required to be legalized at the national bank (i.e. justification is needed regarding the origin of the fund, which requires additional documentation and often tends to cause delay if not managed correctly).
Most countries require all original English documents (i.e. for a visa application) to be translated in-country and certified by an approved government translator.
Biz Latin Hub can help you to Do Business in Latin America
Having launched multiple companies within the region, I saw first-hand the difficulties faced by foreign individuals and companies entering the Latin American market. As such, myself with a business partner launched a group called Biz Latin Hub. Our company provides a complete and comprehensive package of bi-lingual market entry and back office services to help foreign companies do business in Latin America.
The prospects of doing business in Latin America are more promising than ever and the team at Biz Latin Hub is ready to help you take advantage of the business opportunities available in the region.
As informações fornecidas aqui não devem ser interpretadas como orientação ou aconselhamento formal. Consulte um profissional para sua situação específica. As informações fornecidas são apenas para fins informativos e podem não abranger todas as leis, padrões e práticas recomendadas pertinentes. O cenário regulatório está em constante evolução; as informações mencionadas podem estar desatualizadas e/ou podem sofrer alterações. As interpretações apresentadas não são oficiais. Algumas seções baseiam-se nas interpretações ou pontos de vista de autoridades relevantes, mas não podemos garantir que essas perspectivas serão apoiadas em todos os ambientes profissionais.
La información que aquí se ofrece no debe interpretarse como orientación o asesoramiento formal. Por favor, consulte a un profesional para su situación específica. La información proporcionada tiene únicamente fines informativos y es posible que no recoja todas las leyes, normas y mejores prácticas pertinentes. El panorama normativo está en continua evolución; la información mencionada puede estar obsoleta y/o sufrir cambios. Las interpretaciones presentadas no son oficiales. Algunas secciones se basan en las interpretaciones o puntos de vista de las autoridades pertinentes, pero no podemos garantizar que estas perspectivas se respalden en todos los entornos profesionales.
The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.
Craig Dempsey
Craig is a seasoned business professional in Latin America. He is the Managing Director and Co-Founder of the Biz Latin Hub Group that specializes in the provision market entry and back office services. Craig holds a degree in Mechanical Engineering, with honors and a Master's Degree in Project Management from the University of New South Wales. Craig is also an active board member on the Australian Colombian Business Council, and likewise also active with the Australian Latin American Business Council.
Craig is also a military veteran, having served in the Australian military on numerous overseas missions and also a former mining executive with experience in various overseas jurisdictions, including, Canada, Australia, Peru and Colombia.
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