Category Archives: Blog

Simplification of procedures for inactive legal entities

On March 11, 2022 the Law for the Simplification of Procedures for Non-Profit Corporations, Nº 10160 of March 11, 2022, was published, whereby article 2 of the Income Tax Law was amended, in such a way that inactive companies must: Submit annually to the Tax Authorities, all variations in their assets, liabilities, and equity. In…

Reform of article 9 of the “Law to regulate teleworking”

Yesterday, March 10, 2022, the Legislative Assembly approved in the second debate with 38 votes in favor the reform to article 9, subsection D of the “Law to regulate teleworking” (Law 9738). This reform is intended to guarantee respect for the personal and family privacy of the employee during rest time and to ensure the…

Nicaragua approves reform to the Energy Stability Law for the incorporation of electric vehicles

Katherine Reyes Associate Nicaragua [email protected] On February 15 the Energy Stability Law was reformed, including a series of regulations that seek to promote the use of sustainable technologies that contribute to the reduction of greenhouse gases and combat Climate Change. The most relevant aspects of the legal reform are: Electric vehicles are exempt from compliance…

Reforms to the Occupational Health and Safety Regulations in Guatemala

The Ministry of Labor and Social Welfare issued Government Agreement No. 57-2022 containing reforms to the Occupational Health and Safety Regulations. These reforms come into force as of March 4, 2022. Among the reforms implemented, the following stand out: The powers and functions of the occupational health and safety committee must also be included in…

Business Opportunity: International Biding for the inter-departmental rail transport of El Salvador

Name of the project “Feasibility study, basic engineering and technical structure project for the inter-departmental rail transport of El Salvador”. Bid solicitor Road Conservation Fund (FOVIAL). Tender terms download/purchase From February 22 to March 31, 2022. Receipt of bids April 22, 2022, from 8:00 to 11:00 am. The Road Conservation Fund (FOVIAL) has announced the…

Compliance Programs

Uri Weinstok Partner Costa Rica [email protected] What are compliance programs? Compliance programs (also called “compliance models”) are a set of policies, procedures, and actions that a company takes to identify and reduce the risks of breaking the Law, remedying potential violations, and generating a culture of compliance within the company. Types of compliance programs Since…

Environmental compliance: A duty and an opportunity

Luis Palacios Associate Costa Rica [email protected] The benefits and risks associated with the degree of conformity in fulfilling official environmental requirements Protection of the environment and the practice of sustainability produce business byproducts that generate tangible benefits such as increased sales, revaluation of the brand, and avoidance of penalties. Companies that apply policies, processes, and…

Regulating prices is (almost always) a bad idea

Uri Weinstok Partner Costa Rica [email protected] High prices commonly lead to an attempt to control them through regulation. This remedy, while tempting, is rarely a suitable solution. Rather, price controls tend to aggravate problems before they fix them. Paradoxically, even in the face of abundant evidence and repeated examples of failure, some consumers feel protected…

Costa Rica will request an entry visa from Venezuelan nationals

According to guidelines issued by the Immigration Office, as well as the provisions of the Regulation for the Granting of Entry Visas to Costa Rica (Executive Decree No. 36626-G): As of February 21, 2022, Costa Rica will require Venezuelan nationals to present an entry visa. Venezuelans must now process a consulted visa before the consulates…

Guía de Obligaciones Laborales Centroamérica 2022

Conozca las obligaciones anuales que aplican a sus empresas en cada uno de los países de Centroamérica. En BLP podemos ayudarle para asegurar su cumplimiento en cada país. Descargue cada una de las fechas de cumplimiento en calendario pdf de su preferencia para evitar multas y sanciones. Descargar guía en pdf https://www.blplegal.com/blp-web-2021/wp-content/uploads/2022/02/bandera_icono_Costa_Rica.pngCOSTA RICA Conozca las…