BLP advised PROPARCO on the structuring of a USD 50 million senior international loan granted to Banco Promerica, aimed at supporting sustainable and socially impactful projects in Costa Rica. The loan, divided into two tranches — Tranche A (USD 20 million) and Tranche B (USD 30 million) — has maturities of up to ten years….
Author Archives: BLP
Blog, Costa Rica, Labor & Employment, News
Learn about the new contribution rates and payroll deduction priorities in Costa Rica
28
Oct
Oct
I. Update on Social Security Contributions Effective January 2026 The Board of Directors of the Costa Rican Social Security Fund (CCSS), through a resolution adopted in 2019, modified the frequency of adjustments to the tripartite contribution rate under the Disability, Old Age and Death (IVM) regime, changing it from every five years to every three…
Blog, Business Law, El Salvador, News, Tax
Special and transitory law granting facilities for the voluntary compliance of tax, customs, traffic, and other penalties
27
Oct
Oct
On October 16, 2025, Legislative Decree No. 427 was published in the Official Gazette, enacting the Special and Transitory Law Granting Facilities for the Voluntary Compliance of Tax, Customs, Traffic, and Other Penalties (the “Tax Amnesty Law” or the “Law”). This regulation was approved by the Legislative Assembly to promote the voluntary regularization of debts…
24
Oct
Oct
BLP’s summary of the most important regional news and opportunities offers an overview of the economic, social, and political landscape of Central America at just a click away. Costa Rica S&P Global raises Costa Rica’s rating to ‘BB’ and highlights its fiscal strength and export leadership S&P Global Ratings upgraded Costa Rica’s sovereign rating from…
17
Oct
Oct
BLP’s summary of the most important regional news and opportunities offers an overview of the economic, social, and political landscape of Central America at just a click away. Costa Rica Costa Rica leads in talent, investment, and growth in the medical device sector Costa Rica has established itself as the second-largest exporter of medical devices…
Banking & Finance, Blog, El Salvador, Ethics & Anti-Corruption, News
New special law on money laundering and terrorism financing in El Salvador
15
Oct
Oct
On October 9, Legislative Decree No. 426 was published in the Official Gazette, enacting the Special Law for the Prevention, Control, and Sanction of Money Laundering, Terrorism Financing, and the Financing of the Proliferation of Weapons of Mass Destruction (the “Law”). Its main purpose is to transform El Salvador’s anti-money laundering regime from a punitive…
10
Oct
Oct
BLP advised Grupo ASSA on the sale of La Hipotecaria, S.A. de C.V., an entity engaged in granting mortgage loans in El Salvador, to Inversiones Cuscatlán Centroamérica, S.A. The transaction involved the acquisition of 100% of the shares of La Hipotecaria Holding, Inc., with subsidiaries in Panama, El Salvador, and Colombia, by Inversiones Cuscatlán Centroamérica….
Blog, Costa Rica, Labor & Employment, News
Reform Prohibits Employers from Denying Leave for Procedures before the Ministry of Labor and Social Security
08
Oct
Oct
On September 22, 2025, the Legislative Assembly approved, in its final reading, Bill No. 23,142, which amends Article 515 of the Labor Code. What does the reform establish? Once this law enters into force, employers must grant leave to employees for the following purposes: To appear as witnesses or participate in judicial proceedings. To carry…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Opportunity to Participate in Broadcasting Frequency Tender
08
Oct
Oct
The Superintendence of Telecommunications (SUTEL) has published the terms and conditions for three competitive bidding procedures aimed at awarding the following broadcasting frequencies: AM Radio: Bands from 525 kHz to 1705 kHz. FM Radio: Bands from 88 MHz to 108 MHz. Television: Segments from 174 MHz to 216 MHz and from 470 MHz to 608…