https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Articulo-Nueva-ley-para-el-consumo-del-cannabis.png Giancarlo Andreoli Senior Associate Costa Rica [email protected] In Costa Rica, recently, Law number 10.113 called “Cannabis Law for Medicinal and Therapeutic Use and Hemp for Food and Industrial Use” was approved, establishing six months to regulate said Law by the Executive Branch, which has executed those regulations as published in the official newspaper La…
Category Archives: Analysis
24
Nov
Nov
Michelle Avilés Senior Associate Nicaragua [email protected] A free transfer is when the donor (transferor) bestows a benefit or right without being paid, even though the transfer may be subject to the fulfillment of certain conditions, such as an inheritance, donation, or prize. The taxpayer in this type of conveyance is the party who accepts the…
07
Nov
Nov
Alexandra Aguilar Director at BLP Costa Rica [email protected] In a few months, the World Cup, one of the most anticipated sporting events—in our county at least–begins. As we all know, the tournament will be held in Qatar and has created much expectation, either because the National Team will be one of the protagonists or because…
21
Oct
Oct
Ruben Fuentes Senior Associate Guatemala [email protected] On August 31, 2022, Decree No. 40-2022, which contains the Law on Incentives for Electric Mobility, entered into force. Under this regulation, the aim is to promote the use of vehicles powered by electricity or hydrogen. Part of the objectives of the law above includes the mitigation of greenhouse…
Analysis, Blog, Free Trade Zones, Guatemala
How does the foreign capital investment promotion law in Guatemala work?
22
Sep
Sep
Ruben Fuentes Senior Associate Guatemala [email protected] In the next few days, Decree 46-2022 of the Congress of the Republic containing the Law for the Promotion of Foreign Capital Investment will come into force. With the new legislation, the Government of Guatemala seeks foreign investors to enjoy incentives, making the country attractive to the arrival of…
Analysis, Banking & Finance, Blog, Business Law, Nicaragua
Nicaragua advances with Fintech regulation
16
Sep
Sep
Federico Barrios Director Nicaragua [email protected] Nicaragua has been regulating the application of technological tools in financial activities since, and to the extent that the local market requires the implementation of advances that allow more efficient processes in conducting operations with money. We understand the Fintech concept as everything related to technologies that allow financial innovation,…
09
Sep
Sep
Favio Batres Director Mining Specialist Nicaragua [email protected] Mining is one of the strongest industries with the greatest growth potential in Nicaragua. According to Central America Data, gold exports in Central America reached an increase of 387% in 2021, and Nicaragua is in the lead with $1.534.3 billion from the United States, well above its peers…
Analysis, Blog, Costa Rica, Public Law, Public Procurement & Regulation
New Public Procurement Law in Costa Rica
02
Sep
Sep
Francisco Obando Director Public Law, Public Procurement & Regulation Costa Rica [email protected] On December 1, 2022, the new General Public Procurement Law will enter into force, repealing the Administrative Contracting Law No. 7494 of 1996 and its Regulations. As a result, all bidding participants, companies, and public administrations must seriously prepare to address the changes…
Analysis, Blog, Costa Rica, Environment, Health & Safety, Environmental, Social and Governance (ESG)
Legal reform allows the development of works near rivers and streams of Costa Rica
16
Aug
Aug
Luis Palacios Director Environmental Specialist Costa Rica [email protected] Costa Rica is a country with an abundant flow of water that brings scenic beauty and biodiversity and satisfies human needs. Despite their undeniable value, the rivers, streams, or natural reservoirs that run through private property sometimes pose heavy burdens to landowners due to the legal limitations…
12
Aug
Aug
Michelle Avilés Senior Associate Tax specialist Nicaragua [email protected] The onerous transfer (sale, exchange, etc.) of goods is subject to the payment of income tax for capital gains. As its name indicates, with certain exceptions, its generating event is the profits generated by the transfer of assets. As it is a tax on profits, for its…