Category Archives: Blog

Cybersecurity & Data Protection: risks for your company just a click away

Nowadays, technology has become an indispensable resource to continue operating, but although it represents advantages, it also implies potential threats that are just a click away. With this in mind, our Cybersecurity & Data Protection team presents a series of content in which we analyze the legal aspects in different areas that affect companies. Cybersecurity…

Suspension of VAT on construction services in Costa Rica

Law that suspends VAT charge on construction services enters into force On September 16, 2020, Law N°9887, which suspends the Value-Added Tax on engineering, architecture, topography, and construction services for civil works until August 31, 2021, entered into force.  Moreover, for the years 2021 and 2022, the law reduces the VAT charge to 4% and…

The new labor reality in Central America.

We are aware that the current situation demands companies to rethink how to approach labor relations, with this in mind, BLP’s regional Labor & Employment team analyzes the new labor reality in Central America in the face of economic reactivation processes in the next series of content. Labor challenges to employers in Central America. Application…

Sostenibilidad by BLP, the commitment with the communities of Central America.

BLP established a sustainability strategy that articulates all its efforts aimed at contributing to the human and social development of the communities in which our business operates. Learn more about our commitment through the following content series: Sustainability by BLP: The Firm´s commitment. BLP Environmental Management Program. Facebook LIVE: Inspiring Girls, supporting gender equity. Gender…

Nicaragua approves a Law that promotes electricity generation with renewable sources

On September 8, 2020, the Nicaraguan National Assembly approved the proposed reform of Law 532, a law for the promotion of electricity generation with renewable sources. Since its approval in 2005, this law has undergone several reforms through which the tax incentives that were initially given to electricity generation projects from renewable sources have been…

Exemption for spare parts of electric vehicles and fast-charging centers in Costa Rica

The Costa Rican government has issued a regulation exempting spare parts for electric vehicles and fast-charging centers from the Value-Added Tax (VAT), Selective Consumption Tax, and the 1% tax over customs value. The regulation also established the obligation for electric vehicle importers to inform the Energy Direction of the MINAE, during September of each year,…

Media Room about Coronavirus COVID-19 in Central America

Information for you in real time BLP reiterates its commitment to the health and sustainability of the countries in which we operate by making our digital platforms available to publicize legal updates on #COVID19 in Central America. Below, you will find informative and analytical material related to local regulations in different areas such as labor, tax,…

Learn what you need to leap into e-commerce

At BLP, we believe that we are experiencing a revolution in the way of doing business, that’s why our specialists are available to accompany you in the process to make the leap to e-commerce. See our series of resources on e-commerce below: Ready to leap into e-commerce? E-commerce: areas of legal care. Intellectual Property aspects…

Reforms to the General Law of Public Records, Law 698, and the Commercial Code create the Registry of Final Beneficiary of Commercial Companies in Nicaragua.

On Friday, August 21, the National Assembly approved the Law of Reforms to the General Law of Registries and an article of the Commercial Code, creating the bases for a Registry of the Final Beneficiary of Commercial Companies. What is a Final Beneficiary? It is the natural person who owns or controls a legal person…

Why Nearshoring is a great opportunity for Central America? – The case of Costa Rica

Nearshoring is a company’s process of transferring part of its business from a geographically distant country to one closer to its main place of operation. In recent decades, many manufacturing and service companies have sought to establish themselves in various jurisdictions around the world to operate at a lower cost and diversify their production capabilities,…