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.
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.
For professional service firms, as of January 1, 2023, all services rendered will be subject to VAT. Previously, companies such as engineering, consulting, architects, legal, and accounting, did not charge VAT when invoicing clients. This now changes. Check out practical details inside.
Once the Colombian entity is incorporated, the next step is to open the bank account. This is often the most frustrating part for foreign companies given how easy it can be to open a new bank account in other parts of the world. We have provided a fact sheet to help companies understand the most important questions that arise during the bank opening process.
Although they have existed for decades, employee stock options are a new concept for many Chilean companies, startups, and employees. The tide is changing though. There is increasingly more interest from foreign and local companies who are wanting to provide their Chilean employees with stock options.
Chile is advanced in many areas but the banking industry is still very conservative and does live up to the expectations that foreigners have. It is by far the most difficult part of getting your company operational. We provide some practical tips to help companies improve thier banking relationships.
It has been 18 months since the digital service tax was implemented in Chile. The Chilean tax office has recently released an update on the amount of taxes that has been collected since it started. Check out our post this week to find out how much.
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