At the close of the first semester 13 new licenses will have been approved giving foreign companies the ability to operate under the Site of Multinational Corporation regime.
The companies that requested permission to set up in the country under the Site of Multinational Corporation (SEM) regime come from the United States, Denmark, Scotland and the Netherlands, among other countries, explained Trade Minister Augusto Arosemena.
Seventeen Chinese companies who are operating in the region in sectors such as infrastructure, petrochemicals, telecommunications and high technology form part of the new association.
The purpose of the Association of Chinese Enterprises in Central America (Assecca), which will be based in Costa Rica, is to improve the promotion of their work in the region, create alliances and provide support in the different activities carried out in Central America.
Small construction and packaging manufacturers are the companies that sell to large multinationals, through so-called productive chaining.
According to the director of the Costa Rican Foreign Trade Promotion Office (Procomer) Rolando Dobles, this level of chaining is the most basic form and is what normally occurs in any economy, being far from the chainings which result in more elaborated products .
According to the new Law on Income Tax, companies based in the Guatemalan territory will have one year from January 1 to justify the amount of their operations.
According to the Tax Authority (SAT), the transfer pricing audits will begin in April 2014, where they oversee if taxpayers filed within the prescribed time and in the formats provided their annual income on their tax return.
A new approved law aims to regulate transfer pricing, but detailed rules are still missing.
S21.com.gt reports that "In Guatemala the regulation of the transfer pricing has been approved as part of the tax update package, according 10-2012, to try to prevent related companies (parent and subsidiaries, for example) from manipulating prices when exchanging goods or services, so that they increase their costs or deductions in order to reduce taxes. "
Faced with an inevitable slowdown, Panamanian real estate operators are looking for new buyers in Asian TNCs.
Sales have fallen by up to 40% in the housing sector and it is necessary to explore other market niches to offer existing inventory and continue growing.
Taking advantage of the incentives that Law 41 provides to firms that locate their regional headquarters in Panama, the Panamanian Association of Real Estate Brokers (ACOBIR) is making efforts to cultivate partnerships with real estate associations in other countries.
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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
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