Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
Working with local partners can be a highly cost-effective way to enter a new market, especially in complex regions like Latin America. However, it also comes with inherent risks—particularly for foreign companies unfamiliar with the local business landscape. Learn from our best practices to maximize sales in Latin America.
For companies serious about servicing the Chilean market, incorporating a local entity is a crucial step. However, many foreign companies struggle with understanding the process, the required documentation, and the legal intricacies involved.
Today, the mining industry is experiencing a rapid digital transformation, where nearly every product and service supplied to mines incorporates a substantial technological element. For suppliers, this shift underscores the importance of carefully managing intellectual property when contracting with mining clients.
While Brazil has lots of opportunities for industrial technology and service companies, it also has some unique considerations compared to common law countries when contracting between parties. This is because there are several legal provisions that, if left undefined or unregulated in the contract, shall be applied regardless of the parties’ intentions.
After a company is established in Chile, the next step is to open a bank account. However, many companies are taken aback when they realize that it is time consuming and frustrating to open a bank account in Chile. Check out our practical tips to help you navigate opening a bank account.
Mining suppliers may use a local subcontractor for a variety of reasons when working on Chilean projects. The issue is that foreign companies can find themselves in trouble if they do not understand how the subcontracting laws work from both a legal and practical perspective.
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