BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The financing will be used for the construction of several industrial buildings within the Green…
Category Archives: Blog
14
Jan
Jan
On January 11, 2022, the reform of articles 5, 23, and 24 of the “Regulation for Disability, Old-Age and Death Insurance of the Costa Rican Social Security” and the repeal of temporary provisions XII, XIII, XIV, and XV, were published in the official newspaper La Gaceta. According to this reform, an insured party who reaches…
Blog
The law for the medicinal and therapeutic use of cannabis and hemp for food and industrial use is approved in the second debate
14
Jan
Jan
On January 13, the Legislative Assembly of the Government of Costa Rica approved the Law on cannabis for medicinal and therapeutic use and hemp for food and industrial use. This bill, which allows the access and use of cannabis and its derivatives for medicinal and therapeutic purposes, as well as the production and marketing of…
Blog
Extension of validity of stay permits, temporary and permanent residences that have expired after october 1, 2021
12
Jan
Jan
In accordance with resolution DJUR-0197-12-2021-JM issued by the General Directorate of Immigration and Foreign Affairs, the validity of DIMEX CARDS of the following categories are modified: Temporary Residence, Permanent Residence, Special Categories and Stay Permits: The validity of immigration identification documents that expired after October 1, 2021, is extended until September 30, 2022. Stay Permits:…
12
Jan
Jan
On December 22, 2021, Executive Decree No. 43375-H was published in the official newspaper La Gaceta, with the new tax brackets and rates of the single tax on income by dependent personnel, and for retirement or pension and other remuneration for personal services (Salary Tax), as well as the brackets and rates for legal persons,…
11
Jan
Jan
As of December 27, 2021, the new regulations of the Consumer Protection Law in Honduras came into force, repealing the regulations of April 15, 2009, and at the same time, updating some provisions and incorporating new rules to protect the rights of consumers and the generation of more market transparency. The new regulations are more…
At BLP, Banking & Finance, Blog, El Salvador
BLP advises IDB Invest on its senior loan for up to $25 million to American Industrial Park S.A. de C.V. (AIP)
11
Jan
Jan
BLP has advised IDB Invest on its senior loan for up to $25 million to American Industrial Park S.A. de C.V. (AIP). AIP is one of the leading companies in El Salvador in the construction and administration of free trade zones and industrial parks, with more than 25 years of experience in the market. It…
11
Jan
Jan
Must be paid no later than January 31, 2022. Failure to pay entails sanctions, the prohibition to contract with the state or to perform acts in the Public Registry. For help with tax payment procedures, please contact us by email [[email protected]] All registered corporations, limited liability companies, and branches of foreign business entities must pay…
10
Jan
Jan
By Rodolfo Salazar BLP Partner in Guatemala [email protected] Our Constitution mandates that the tax system must be fair and equitable, but today this statement is more poetry than reality. Among the many injustices our tax system suffers from, we have international double taxation that punishes our service exporters and that nobody seems to care about,…
06
Jan
Jan
Under Costa Rican law, any property used for housing on a regular, occasional, or recreational basis, including fixed and permanent facilities, valued at more than ¢137.000.000,00 is subject to the Solidarity Tax For the Strengthening of Housing Programs (Luxury Home Tax) which must be paid by January 15, 2022. For the fiscal year 2022, the…