Costa Rica: What will 2024 bring us in FDI?
2023 was undoubtedly a year of significant changes in the Foreign Direct Investment (FDI) attraction model that the country had sustained for years. Although it is still premature to evaluate the results of these changes, the beginning of the year ...
The Congress of the Republic of Guatemala approves initiative 5082, which contains the “Framework Law for Consumer Defense and Protection”
With 122 votes in favor, the Guatemalan Congressman have approved initiative 5082, "Framework Law for Consumer Defense and Protection." This approval marks a significant milestone for the country and its commitment to protecting consumer rights and clarifies procedures.
This new ...
Obligation for Large Taxpayers to present audited financial statements
Obligation for Large Taxpayers to present audited financial statements The General Directorate of Taxation reformed Resolution DGT-R-46-2014*, regarding the obligation of Large National Taxpayers to present financial statements audited by an Authorized Public Accountant. In this way, those Large Taxpayers ...
BLP advised Bancolombia and a consortium of Banks on a Syndicated Loan for US$700 Million
BLP has advised a group of several first-line creditors, including Banks from the following financial groups: Bancolombia, Davivienda, BAC, Aval, Banco Industrial, and Banco General, on a syndicated loan for US$700 million, granted to Grupo Calleja, the leading grocery retailer ...
Green Power: How ESG Practices Transform Corporations
ESG (Environmental, Social, and Governance) practices are becoming increasingly important. These three pillars, ranging from environmental sustainability and social responsibility to ethics in corporate governance, represent a change in how companies evaluate and conduct their operations. ESG practices are not ...
Update of new RTCA for cosmetics in Central America, including Panama.
As of February 5, the new RTCA for registering cosmetic products will come into force, for which the following information must be included:
- In case a laboratory that is not a subsidiary or member of the same group is ...
Condominiums in Tourist Marinas: Costa Rica’s new development opportunity
As part of the natural process of evolution of any real estate project, opportunities for diversification, structuring, and offering new real estate products arise over time.
In Costa Rica, tourist marinas have been a clear example of how the ...
