Listed below are the moveable national holidays for 2023 to enable employers to plan for next year: https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Newsflash-Feriados-2023-en-CR_FB-IG-LNK-ENG-1024×1024.png At BLP we have a team that can assist you with the process. For more information contact us at [email protected] or through WhatsApp o Telegram at +506 6280 2269.
Category Archives: News
14
Dec
Dec
Our team specialist in Tax law shares the primary tax obligations for the 2023 fiscal year in Costa Rica. D-101 Income Tax Declaration Due within 2 months and 15 days after the closing of the company fiscal period. Taxpayers as defined in article two of Law No. 7092- Income Tax Law. Partial Payments of Income…
Banking & Finance, Blog, Costa Rica, Guatemala, News
BLP has advised EVERTEC, Inc. and its subsidiaries on refinancing credit facilities
12
Dec
Dec
BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million…
Blog, Business Law, Guatemala, News
BLP advises Grupo Tecún on selling its automotive division to Grupo Q in Guatemala.
07
Dec
Dec
As of December 1, the Hyundai, Mazda, and Peugeot brands formerly controlled by different companies belonging to Grupo Tecún became part of the automotive portfolio of Grupo Q in Guatemala. BLP’s advice to Grupo Tecún on selling its automotive division to Grupo Q consisted of due diligence for the seller, participation in the auction process,…
25
Nov
Nov
On December 1, Costa Rica marks the Abolition of the National Army. However, law 9875 requires that from 2020 to 2024, holidays transfer to Mondays to promote internal visits and tourism. This year the holiday is celebrated on December 5. This date is a non-compulsory pay holiday. An employer with a weekly payment method (non-commercial…
Banking & Finance, Blog, Honduras, News
BLP advises on the sale of shares of Banco Popular, S.A. in Honduras
22
Nov
Nov
Banco Popular S.A. is the dominant commercial banker of microcredits in Honduras. IFC, BCIE and Bamboo Capital Partners sold their shareholdings of Banco Popular to Triple Jump via ASN Microkredietfonds, Incofin, BIO Invest, and FMO. BLP, through its Honduran legal team, advised sellers and buyers on the necessary regulatory approval for the sale of shares…
11
Nov
Nov
As of January 2023, contribution to the Disability, Old Age and Death regime (IVM – for its acronym in Spanish) will increase with the aid of three contributors, according to the agreement of the Board of Directors, session 9038 of June 20, 2019. With this increase, the employer, the employee, and the State will make…
27
Oct
Oct
On October 24, 2022, the National Salaries Council (CNS – in its Spanish acronym) agreed to increase minimum wages in the private sector. This accord will take effect on January 1, 2023, when an increase of 6.62% for all salary categories goes into effect. Additionally, the following increases will also apply to the minimum wages…
Blog, Costa Rica, Global Mobility & Relocation, News
Deputies of the Legislative Assembly define 16 behaviors as workplace harassment.
14
Oct
Oct
Deputies of the Legislative Assembly define 16 behaviors as workplace harassment. The bill named “Law to prevent and punish Labor Harassment in the public and private sector” pending before the Legislative Assembly since 2018, under file number 20,873, to identify, prevent, punish, prohibit and eradicate workplace harassment, was passed on October 5. The initiative includes…
Blog, Costa Rica, Global Mobility & Relocation, News
Immigration: About the documentation process for foreigners in Costa Rica
13
Oct
Oct
All foreigners, whose MIGRATION CATEGORY IS APPROVED AND NOTIFIED AFTER OCTOBER 01, 2022, can request their appointment for the documentation process, however, the appointment will be granted as of January 2023. Important aspects: The appointment must be requested within 90 days after the notification of approval. The approval resolutions together with the appointment vouchers will…