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Brazil makes it easier for foreigners to buy farmland again

The chairmanship of the Agriculture Caucus in Brazil’s Chamber of Deputies  aims to turn back the clock on the rules concerning foreign ownership of his country’s farmland. Five years ago, Brazil’s Attorney General Office issued a new interpretation of an old, business-friendly rule that made it harder for foreign companies to buy the country’s farmland. They did it in reaction to growing concerns that foreigners were slowly taking over that vital national resource. Frustrated and well-meaning…

Buenos Aires illegal markets boom as Argentina’s economy stagnates

While Buenos Aires sleeps, La Salada roars to life. By 3am, shoppers are chaotically barging their way through the narrow passageways of Latin America’s largest informal market, hauling sacks bulging with anything from fake branded clothing to pirate DVDs. “Look at this, just 135 pesos!” exclaims a satisfied Rodrigo Vega as he brandishes a pair of jeans, explaining that the price, about $15 at the overvalued official exchange rate, is at least a fifth of what they might cost in a more upmarket Argentine…

Chile – Tax reform implications for foreign investors

The enacted tax reform legislation introduces significant changes to Chile’s tax regime with measures that, among other items, are intended to increase tax revenue. Foreign shareholders will want to consider the effect of making certain elections (described below) and of making adjustments to their current structures, to address the potential Tax reform implications of the tax reform to their operations in Chile. Prior tax law Under the prior tax regime, Chile had an integrated tax system whereby the…

Australian Utopian dream in Paraguay – A ticket to Paradise

Book for the Week – A ticket to Paradise In the wilds of Paraguay live blue-eyed South Americans with surnames like Smith and McCreen. This is the intriguing story of their ancestors, an idealistic Australian journalist called William Lane, and a colony called New Australia. In 1893, Australian journalist William Lane dreamed of creating a utopia where his socialist ideals could flourish, far away from his home in Queensland. He enlisted 238 followers and convinced them to sail across the Pacific with…

Paraguay is looking for Investors

Paraguay is looking for Investors Introduction: Having suffered from a liquidity crisis in 1995, Paraguay is going to great lengths to ensure it’s seen as an ample investment opportunity. A host of financial reforms as well as thriving economic circumstances are just a small part of the country’s attempt to demonstrate huge potential for growth and encourage businesses to invest in Paraguay. Invest in Paraguay: Paraguay’s banking and financial services industry has recovered well from the 1995 liquidity…

Agriculture in Paraguay – Why invest in 2015

Agriculture Opportunities in Paraguay Agriculture in Paraguay. Bordered by Bolivia, Argentina and Brazil, Paraguay lies firmly in the heart of South America. With a land area of just under half a million square kilometres, the country is considerably smaller than its neighbours and has the least dense population in the region. With few mineral resources, Paraguay’s economy revolves around agriculture. The country name Paraguay originates from the Guarani word for a great river (pararaguay), the Parana…