Effects of COVID-19 and the 2018 socio-political crisis of the real estate market in Nicaragua. It is nothing new that COVID-19 came in like a hurricane in the middle of the summer. No one expected it, no one was prepared and most of the responses have been simply reactive to the situation. In Nicaragua, even…
Author Archives: blp_admin
15
Oct
Oct
The Costa Rican Social Security Fund (“La Caja”) has recently sent a message to all employers informing of modifications to the composition percentages of the Labor Capitalization Fund (FCL)) and the Obligatory Pension Scheme (ROP), based on the Law to Safeguard the Right of Workers to Withdraw Supplementary Pension Resources, law number 9906, which has…
08
Oct
Oct
Are you aware of the formal tax obligation of inactive companies in Costa Rica? Below, we detail this obligation and suggest how to comply with it in time to avoid sanctions. What is this new tax compliance about? The formal obligation consists of filing declaration D.135 called, Asset Declaration for Inactive Legal Persons. Who must…
05
Oct
Oct
In a follow-up to the creation of the Final Beneficiary Registry (FBR) in August, on September 30, 2020, the National Registry Office issued an informative circular addressed to companies and the private sector. The circular indicates to all companies, and before the entry into force of the FBR, the necessity to update their basic information* in the…
24
Sep
Sep
As of March 1, 2021, no person may access an early retirement with the right to a reduced pension under articles 5 and 24 of the Disability, Old-age and Death Insurance Regulations. * Since the publication of the amendment to the indicated Regulation, a gradual change in the right to early pension was established as…
At BLP, Blog
BLP advised IDB Invest on a $60 million loan to support women-owned or led small and medium-sized enterprises (SMEs).
23
Sep
Sep
On August 25, 2020, IDB Invest granted BAC in El Salvador a senior unsecured 5-year loan for $60 million. BLP’s Banking and Finance team led by Mariana Nochez and Hunton Andrews Kurth (Washington DC) advised the lender. BAC will use the loan proceeds for the Mujer Acelera (Woman Accelerates) program. This is an initiative created in 2007…
21
Sep
Sep
Costa Rica is an ideal location for the cultivation of cannabis, giving the country a chance to be a key participant in the new so-called “Green Gold” market. If you are interested in exploring this new business opportunity and related commerce, our dedicated cannabis team shares the following content series. Business Opportunities in the Cultivation…
16
Sep
Sep
Nowadays, technology has become an indispensable resource to continue operating, but although it represents advantages, it also implies potential threats that are just a click away. With this in mind, our Cybersecurity & Data Protection team presents a series of content in which we analyze the legal aspects in different areas that affect companies. Cybersecurity…
16
Sep
Sep
Law that suspends VAT charge on construction services enters into force On September 16, 2020, Law N°9887, which suspends the Value-Added Tax on engineering, architecture, topography, and construction services for civil works until August 31, 2021, entered into force. Moreover, for the years 2021 and 2022, the law reduces the VAT charge to 4% and…
10
Sep
Sep
At BLP, we believe that we are experiencing a revolution in the way of doing business, that’s why our specialists are available to accompany you in the process to make the leap to e-commerce. See our series of resources on e-commerce below: Ready to leap into e-commerce? E-commerce: areas of legal care. Intellectual Property aspects…