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UK – CENTRAL AMERICA Getting the right legal advice

UK – CENTRAL AMERICA Getting the right legal advice. Regional Generalities. Geographic Region : 571.202 km2 1 Population : 54.16 millions of inhabitants . Nominal GDP : $ 244,053 millions.

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UK – CENTRAL AMERICA Getting the right legal advice

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  1. UK – CENTRAL AMERICA Gettingtheright legal advice

  2. Regional Generalities GeographicRegion: 571.202 km21 Population: 54.16 millions of inhabitants. Nominal GDP : $ 244,053 millions Including: Belize, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and theDominicanRepublic

  3. Competitiveadvantages of theRegion • Open Markets • Solid BankingSystems • Quality of Local Providers • Transfer of technologies and FDI • Availability of FinancialServices • Quality of airportinfrastructure • Regulationsthat favor ForeignInvestment Source: Global CompetitivityReport 2013-2014, WEF

  4. Basic Indicators of theRegion Source: “Indicators”, Strategy & Business Magazine, EditionNo. 165, September-October, 2013 World Bank : www. worldbank.org WorldFactbook 2012 : www.cia.gov CEPAL :http://www.eclac.cl/ Central Bank of Belize: www.centralbank.org.bz

  5. Economy of theRegion Source: Central American ForeignTrade. January- SeptemberReport, 2013. Statistics Office, Central American EconomicIntegrationSystem (SIECA) Note: Trade of Goods. Doesnotincludeinwardprocessingarrangementsorassemblyplants. Data updated to January 2014 Central Bank of Belize: www.centralbank.org.bz Data fromthe Visible TradeTable. Data fromJuly to September2013. Central Bank of theDomincanRepublic: www.bancentral.gov.doPayments Balance Table 1993-2012

  6. Legal Framework forInvestment and Trade in Central America

  7. Legal Systems “Common Law System” “Continental System” • Basedontheanalysis of judicial resolutionsbyCourts of equalorhigherhierarchy as well as theinterpretations of lawsthattheseCourtsissue. • Jurisprudenceisthemainsource of Law. • A solutionapplicable to the case derives fromthealreadycreated legal rules. • Themainsource of LawiscreatedbytheLegislativeBranch of theGovernment. Jurisprudenceonlyplays a secondary role. • Theinterpretationof a rule applied in a particular resolutionisonlyobligatoryforCourts of lowerhierarchy. • Legal norms, which are generic, derive fromthelaw and are appliedbyCourts in a case by case basis.

  8. GettingtheRight Legal Advice

  9. General frameworkforthe Investor *A mínimum of US$12,000.00 of initialinvestment capital isrequiredbutitisonlyapplicable to Branches.

  10. CorporateStructures in theRegion

  11. Agreements: Public and PrivateDocuments PUBLIC DOCUMENT PRIVATE DOCUMENT • Itdoesnotrequirespecialformalities • Itdoesnotgivefaithonitsown, itsauthormustacknowledgeitorthejudgemayconsideritrecognized • Thirdparties are notboundtoacknowledgetheirexistancebutuntilan irrefutable facttakes place • Itisgrantedbefore a publicofficeror a publicnotary • Itisalways formal • Itentailsauthenticity: its autor isdeemedtobecertain, authorizedbylaw and grantedcredibility. • Publicinstruments are erga omnesevidence of theactgranted and its date. • Sometransactionsmustbe done thrupublicdocument.

  12. Taxation in theRegion Official Exchange Rate of the Central Bank of each country forJanuary 20, 2014

  13. Taxation in theRegion

  14. Labor Aspects in C.A.

  15. Labor Aspects in C.A.

  16. Incentives and TaxBenefitsfor particular EconomicActivities

  17. Incentives and TaxBenefitsfor particular EconomicActivities

  18. Incentives and TaxBenefitsfor particular EconomicActivities Source: SELA (2012) Influence of Free Zones in thediversity of production and theparticipation of countries in LatinAmerica and theCaribbean. Table 7: PreparedbyAraujo Ibarra y Asociados.

  19. Free Zones: SpecialRegime Source: SELA (2012) Influence of Free Zones in thediversity of production and theparticipation of countries in LatinAmerica and theCaribbean. Table 7: PreparedbyAraujo Ibarra y Asociados.

  20. MigratorySimplicityforInvestors

  21. MigratorySimplicityforInvestors

  22. Free Trade http://www.sice.oas.org/agreements_s.asp

  23. Central American CommonMarket

  24. AssociationAgreementby and betweenthe EU and C.A

  25. AssociationAgreement EU-CA Source: AssociationAgreementbetweenthe EU and CA. Reynols Luisa. “ Challenges and opportunities of theAssociationAgreement” Strategy and Business Magazine. January 2014

  26. ¡Thankyou!

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