Risks and suggestions for legal representatives for chilean companies

It is important however that these restrictions not be so strict that the legal representative can not function. The legal representative still needs sufficient authority to act in a timely manner to conduct day to day business on behalf of the company. Thus, careful planning at the time of incorporation regarding the structure and authority of the legal representative, and should take in to consideration what powers are essential for the company to function efficiently in regards to the mandate given to the legal representative.

2023-06-15
Chile

Legal regulations for Fintech companies in Colombia

Although Colombian regulations do not provide an explicit definition for a Fintech Company, in general terms, this refers to those companies whose corporate purpose is to develop or apply technology-based innovations in the provision of financial, stock exchange or insurance services, which result in new business models, applications, processes or products.

2022-10-15
Colombia

Basic steps and legal suggestions for company registration in Chile (3)

In Chile, there are 4 types of legal entities for a foreign company or a foreign individual to consider when forming a company (i) sociedades de responsabilidad limitada (SRL), or limited liability companies/partnerships; (ii) sociedades anónimas (SA), or stock corporations or corporations; (iii) sociedades por acciones (SPA), or simplified corporations; and (iv) branches of foreign entities.

2022-07-10
Chile

Usual challenges of doing business in Colombia

Colombia is one of the most attractive economies in Latin America for international trade and foreign investment. However, there are some challenges in terms of taxes, accounting, regulatory compliance and foreign exchange rules. Here are nine aspects to consider, for those wishing to do business in Colombia:

2022-04-25
Colombia

Tax considerations to understand when investing in Peru (1)

This article is aimed at describing, in a nutshell, certain aspects that a foreign counsel needs to look into when advising a non-Peruvian client in connection with its investment into a Peruvian company and with a later disposal of that investment.

2022-04-09
Peru

Key corporate regulations for foreign investors

In Colombia, constitutional principles such as the right of association, the right to equality, and the protection of free enterprise and private initiative, enable the creation of entities that receive local and foreign investments. This chapter summarizes some relevant legal aspects about the most commonly used types of legal entities in Colombia.

2021-12-09
Colombia
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