Starting from March 1, law firms, notaries and legal advisors, as well as other professionals and legal services must be ready to use the new electronic receipt system.
"...Representatives from the Costa Rican Association of Public Accountants, suppliers and the business association GS-1 point out that the system's initial difficulties have been overcome.However they still advise that both the taxpayers in the legal sector and those who need to start using the electronic invoice in April and May, should prepare themselves in order to avoid inconveniences due to the saturation that occurs at the moment of registering in the Virtual Tax Administration system (ATV)."
Judicially enforcing a contract takes 1402 days in Guatemala, 920 in Honduras, 852 in Costa Rica, 786 in El Salvador, 686 in Panama, and 409 in Nicaragua.
The data comes from the 2014 Doing Business report by the World Bank.
The extreme difficulty of enforcing contracts by means of the administration of justice systems is endemic in Latin America, which, as stated an article in Miamiherald.com by Andres Oppenheimer, contributes "to slow economic growth."
In Guatemala "there are still ways to start a business with due secrecy for its owners."
Specialists in corporate and tax law in Guatemala say the Forfeiture Act, Decree 55-2010, leaves the gate open for owners of shares of companies to withhold their identity.
Alvaro Castellanos Howell, a lawyer at the law office Consortium, cited as an example the establishment of a company in countries "where bearer shares are allowed, and then an investment is made in Guatemala with shares, buying moveable goods as an off-shore entity".
At LEXINCORP we specialize in providing legal advisory services to large and medium sized corporations operating in Central America.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua
Phone: (503) 2250 7800
The largest Law firms in Costa Rica get 45% of their income from fees coming from abroad.
The globalization has impacted the economies of Central America, embodied in free trade agreements, establishment of transnational corporations and the creation of service centers, generating a growing demand for legal services. This is essential as Central America is viewed as a single economic block.
GLC Abogados Consortium LLC S.A. is an experienced full service Costa Rican law firm which specializes in protecting the interests of individuals and companies that conduct business in Costa Rica. Our qualified team of Costa Rican attorneys at law has a clear understanding of the local legal and business environment complemented with a global vision.
Organization that operates in Costa Rica and Panama
Phone: (506) 2524-3176
Central Law is a regional law firm in Central America and the Caribbean, with eleven offices in seven countries: Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and Dominican Republic.
The distinctive characteristic of Central Law is multinational coordination that allows our clients to handle their businesses and legal issues for the seven countries in the region from One-contact point, at the office of their choice.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (502) 2383 6000
VGSC Investment & Legal Services is legal services, whom have vast experience in different legal fields. We are focuses primarily on asset protection, financial, economic, corporate,& foundations
Organization that operates in Panama
Phone: (507) 360 5556
The law firm GARCIA MIRON & CIA was created to respond to the necessities of the global legal market that requires legal advise, notarial and litigation services in general of the highest quality.
Organization that operates in El Salvador and El Salvador
Phone: (503) 2224 3846