Enforcing Contracts in South America ?

Enforcing Contracts in South America? The Enforcing Contracts topic assesses the efficiency of the judicial system by following the evolution of a commercial sale dispute over the quality of goods and tracking the time, cost and number of procedures involved from the moment the plaintiff files the lawsuit until payment is received. The most recent round of data collection was completed in June 2014 showing the following rating given to South America Countries. This was done by a The World Bank Group   …

Retail eCommerce sales near USD $ 50 Billion in Latin America

Retail eCommerce sales in Latin America are growing at a rapid pace, according to eMarketer estimates. Based on the latest figures for total and digital retail around the world, eCommerce sales in the region will reach nearly USD$50 billion this year, an increase of 23.9%. Nearly USD $20 billion in sales will come from Brazil alone, where eCommerce also makes up a greater share of the total retail market than elsewhere in the region (a still tiny 2.8%). Mexico is in a distant second, with USD $5.70 billion…

A financial crisis in China is affecting Residential Real Estate elsewhere

This is what is happening in my home country New Zealand. Will this buying interest now come to South America now that many of these countries are also heavily indebted to China. New Zealand real estate market is currently under pressure from Chinese buyers desperate to get money out of China. South America is not receiving any of this money as it is mostly going into residential properties  in stable economies which means they are looking for in the most English Speaking Countries with high education levels. …

Taxes and Uruguay

Doing business in Uruguay Uruguay is an independent republic since 1825, situated in South America between Brazil and Argentina. In the course of the past twenty years, Uruguay has been making its mark as a growing and authentic international financial centre. Uruguay is characterised by solid banking provisions, political stability, excellent communications, a pleasant climate and a favourable tax system. Uruguay is an excellent location to minimise taxes while doing business in the area. Uruguay is a member…

Three growing start-up cities in South America

Three growing start-up cities in South America Entrepreneurs take note! You want to take a look south of the Rio Grande for your next venture. Strong start-up culture is no longer limited to places like Silicon Valley, New York City and Austin, Texas. South American cities are gaining international attention for their robust start-up communities, low cost of doing business and impressive pool of tech talent. Not to mention, a number of South American governments are taking action to make sure that their cities…

GTSA – Activity Update for April 2015

GTSA UPDATE Here is a short update on what is happening in GTSA in the past month. Argentina: Residential – Buenos Aires The Buenos Aires residential market is starting to move again with sales up 23.6% in March. Prices are down on past years. Farm Market: The farm market is showing a little more optimism with the belief that with the current administration gone in the upcoming elections reason might prevail and with that profits will return. Despite the obstacles in front of investors to buy they are…

FACTA Regulations- Why Americans are giving up there Citizenship

FACTA – Why  Americans living in South America are giving up there Citizenship in Droves By Martha Myron With the announcement last week from one of our major local banks, HSBC Private Bank Bermuda that they would no longer support accounts owned by US citizens, Bermuda residents with dual citizenship with the United States, and green card holders living in Bermuda, the concerns elucidated in many of my earlier columns regarding US tax compliance have come to pass. Fortunately, Butterfield Bank Private…

FATCA – America’s tax rort is exposed

The FATCA or the Foreign Account Tax Compliance Act. This is one-sided law which forces other countries to enforce US tax laws. If they fail to do so, they’re effectively locked out of US markets and the US dollar – the world’s reserve currency (at least for now). FATCA imposes a 30% withholding tax on interest, dividends, rents, and similar payments leaving the US. The only way to avoid the tax is for foreign financial institutions (FFIs) to act as unpaid IRS informants. Withholding came into effect…

Are disruptive technologies like Airbnb and Uber creating another new black economy?

Are disruptive technologies like Airbnb and Uber creating another new black economy? It is called the “shared economy”. It has been embraced by millions of consumers globally, and has made multi-millionaires out of the savvy entrepreneurs behind its most high-profile services, like Uber and Airbnb. But for governments around the world, it has proved to be a difficult beat to police. The likes of Uber, the taxi industry disrupter, and Airbnb, the room-sharing service, have at times refused to play…

5 Reasons You Will Not Succeed Selling Real Estate in any country

Unless you are fully committed to real estate as a profession and have a solid business plan, you will have trouble finding success anywhere. Here I have outlined five situations that can bring down your career — and how to avoid them. Over the past twenty five years, I have had the opportunity to train and work with some of the world’s greatest real estate professionals. This experience has allowed me to witness first-hand not only the success stories but also sight more unfulfilled potential than…

KMPG’S Indirect Tax Guide to South America

KMPG’S Indirect Tax Guide to South America has been updated Here is a very informative indirect tax guide to doing Real Estate  business in Latin America done by KMPG. Always seek to quantify and qualify if there have been any recent changes.  (  believe me, there will have been ) About Gateway to South AmericaGateway to South America is an independent Brokerage and Advisory company committed to helping foreign investors to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay. ShareShareTweetWhatsAppEmail

How To Obtain Residency and Citizenship in Uruguay

Figures released by the Uruguayan Immigration Office show that in 2012 over 5000 applications were filed for residence, but at the same time only 2400 applications were granted. This goes a long way to explaining why the time taken to obtain residence in Uruguay has shot up from 6 months only 2-3 years ago to around 24 months now. Since 2008 the number of applications filed has increased from just over 2000 to over 5000 i.e. 150 %. At the same time the number of employees assigned to residency applications…

Argentina outspends the rest of Latin America in education

Argentina outspends the rest of Latin America in education Argentina is one of the biggest investors in education throughout Latin America, according to an Organization for Economic Cooperation and Development study, which noted that Argentina allocated 6.3 percent of its GDP to education in 2012, compared to the five-percent average for the region and 5.6 percent for the OECD as a whole. The OECD is made up by an estimated 80 countries. President Cristina Fernández de Kirchner praised the study yesterday,…

A new study shows Argentina is a relatively safe country in which to live

WHO figures show Argentina is relatively safe country in world’s most violent region Homicide rates in Latin America are the highest in the world — clocking in at 28.5 per 100,000 inhabitants — but estimates by the World Health Organization (WHO) place Argentina in line with the best in the region with about six homicides per 100,000 inhabitants. According to the WHO, in 2012 165,617 people were murdered in Latin America and the Caribbean, making up about 35 percent of the the 475,000 homicides committed…

Is the International money transfer system about to change due to US Interference in the existing one ?

You probably know the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system as that little jumble of letters and numbers you need every time you send money to a foreign bank account. It’s the global banking system’s address book and postal system. SWIFT has more than 10,000 members in more than 200 countries, and handles more than 15 million messages daily. But even though SWIFT is based in Belgium, and subject to EU law, the U.S. government claims legal authority over all SWIFT transactions…
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