Category Archives: Blog

Business Law Perspectives – December 12 to 18, 2025

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 Latin America in reputation, reinforcing its appeal for tourism and investment Costa Rica was recognized as the country with the best reputation…

BLP Supports a Strategic €1,000 Billion GDN Issuance in Costa Rica

BLP advised Banco Santander S.A. and The Bank of New York Mellon on the issuance of Global Depository Notes (GDNs) in the international capital markets. The issuance was carried out under Rule 144A and Regulation S. The GDN issuance was secured with domestic debt bonds issued by the Government of Costa Rica on November 21,…

Newsflash: New regulation for technological risk management

Through Resolution JM-98-2025, the Monetary Board approved a new Regulation for the Management of Technological Risk (the “Regulation”), designed to strengthen security standards and information protection within the Guatemalan financial system. This regulation repeals Resolution JM-104-2021 and seeks to address global technological developments, the rise in cyber threats, and the increasing use of artificial intelligence…

Business Law Perspectives – December 5 to 11, 2025

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 FTA with Israel opens new doors to diversify exports and attract investment The Free Trade Agreement between Costa Rica and Israel represents a strategic opportunity…

Newsflash – GED System: New Electronic Platform of the General Property Registry

The General Property Registry (RGP) of Guatemala announced that the Electronic Document Management System (GED) became operational on Monday, December 8. This platform allows notaries to submit documents electronically 24 hours a day. Once implemented, most acts (sales, purchase agreements, leases, mortgages, easements, immobilizations, judicial orders, among others) may be submitted online. However, the Registry…

Newsflash: Luxury houses tax (solidary tax)

This tax, known as ISO, is a levy imposed on residential properties whose construction value and fixed installations exceed ₡143,000,000 (approximately US$286,000). The tax return must be filed every three years through the Tax Administration’s electronic system. If you filed the return in 2025, you will only be required to make the payment. However, if…

Newsflash: New Income Tax Brackets for Fiscal Year 2026

On December 5, 2025, Executive Decree No. 45333-H was published, updating the brackets that will apply to income tax during fiscal year 2026, as detailed below: Salary Tax Tax Brackets Tax Percentage a) Up to ₡918,000 0% b) Over ₡918,000 and up to ₡1,347,000 10% c) Over ₡1,347,000 and up to ₡2,364,000 15% d) Over…

Business Law Perspectives – November 28 to December 5, 2025

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 a glance. Costa Rica Costa Rica accelerates its economic growth to 5.2% The Costa Rican economy grew 5.2% in the third quarter of 2025, driven mainly by the special regime (+19.6%)…

Newsflash: Law for the Facilitation of Tax Refund Compliance

The Congress of the Republic of Guatemala has approved Decree Number 17-2025, the Law for the Facilitation of Tax Refund Compliance (hereinafter, the “Decree”), a comprehensive reform aimed at modernizing, streamlining, and organizing procedures for the refund and reimbursement of tax credits, primarily related to Value Added Tax (VAT). The Decree introduces fiscal and administrative…

BLP advises IDB Invest on a US$20 million regional electric mobility financing for the Kaufmann Group

BLP advised IDB Invest as lead counsel in connection with a US$20 million senior secured, uncommitted revolving import finance facility granted to subsidiaries of the Kaufmann Group in Costa Rica and Peru to support the introduction and scaling of electric vehicles, plug-in hybrid vehicles, charging infrastructure, and related equipment in both jurisdictions. The facility, structured…