The lawful and accounting teams at Biz Latin Hub’s workplaces in Bolivia, Chile, Colombia, Costa Rica, El Salvador and Uruguay reported the next regulatory updates in March 2022 that could have an affect on your company passions.

At Biz Latin Hub our multilingual teams of corporate guidance professionals centered during Latin The us and the Caribbean present tailor-made offers of integrated back again-workplace companies, including legal, accounting, and recruitment, amid other solutions to guide organizations and investors executing small business in the location.

If you are fascinated in doing small business in Latin America and would like to master extra about how we can enable you bridge cultural and linguistic limitations when moving into the area, as effectively as aid ongoing functions, make contact with us right now.


The Bolivian governing administration and its institutions introduced just one noteworthy regulatory update just lately:

Regulatory activity Outcomes for enterprise
Decree Supreme N° 4596

Printed: February 1st, 2022
New Plurinational Professional Registry Services (SEPREC) commences pursuits as of April 1, changing Fundempresa.


The Chilean authorities and its institutions released a person notable regulatory update in March:

Regulatory action Results for organization
Legislation 21.431

Printed: March 11th, 2022
Updates the Labor Codex extending its defense and reach to staff from “digital products and services platforms” (Apps).


The Colombian govt and its establishments introduced one particular notable regulatory update in March:

Regulatory exercise Outcomes for company
Resolution 37, DIAN
Printed: March 17th, 2022
“Whereby article content 4, 10 and 13 of Resolution 164 of 2021 (Advantageous owner) of the DIAN are amended.”

Alterations created:
1. International lawful entities whose full financial commitment in Colombia is not produced in legal entities, long lasting establishments and/or constructions with no authorized individuality need to declare their useful proprietor.
2. The term to declare the RUB modifications: The phrase will be from September 30 to December 31, 2022.

Costa Rica

The Costa Rican governing administration and its establishments released 1 noteworthy regulatory update in March:

Regulatory action Results for business
Legislation No. 10.113

Published: March 2nd, 2022

The regulation seeks to regulate and make it possible for access to and use of hashish and its derivatives solely for medicinal and therapeutic use and authorizes the creation, industrialization and commercialization of hemp for industrial and food items use.

El Salvador

The Salvadoran governing administration and its institutions introduced a single notable regulatory update in March:

Regulatory exercise Results for company
Emergency routine decree, efficient for 30 days

Printed: March 27th, 2022

Despite the fact that the crisis routine does not right impact organizations, they have been indirectly afflicted as international investors see the safety crisis in El Salvador as a threat.


The Uruguayan authorities and its establishments introduced one particular notable regulatory update in March:

Regulatory action Results for business enterprise
Decree No. 86/022

Revealed: March 17th, 2022

REGULATION OF Regulation 19.978 Concerning TELEWORKING
A regulation was produced in Uruguay to control some ideas connected to teleworking.

Biz Latin Hub can assistance you carrying out company in Latin The us

At Biz Latin Hub, our multilingual company formation, recruitment, accounting, and legal industry experts are ready to assistance you executing business enterprise in Latin America and the Caribbean. Our extensive portfolio of industry entry and again-business companies means our clientele work safe and sound in the understanding they have all professional bases coated and are totally compliant with existing legislation and regulatory requirements.

Get in touch with us now to understand more about how we can assist you executing company.

Or discover much more about the teams of professionals we have enabling professional expansion throughout Latin The usa.

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