Doing Business In: Banking and finance in Cyprus

Elias Neocleous & Co LLC

Doing business in

Background Cyprus’ Banking and Finance sector has worked hard to restore its credibility following the 2009-2013 economic crisis and subsequent EU bail out. The economic crisis was largely precipitated by over exposure to the Greek economy and sovereign debt and, a severely overleveraged property sector; all factors which resulted in Cyprus banks portfolios containing an …

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Doing Business In: Oman

Mohammed Al Ruqaishi Law Firm

Doing business in

I. INTRODUCTION Key Aspects of Doing Business and Undertaking Investment in Oman Located in the South Eastern quarter of the Arabian Peninsula, Oman is a member of the Gulf Cooperation Council (the “GCC”) and the second largest country in the GCC after Saudi Arabia. Oman has been a top choice for foreign investors for many …

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Doing Business In: Environmental laws in the Netherlands

Greenberg Traurig LLP

Doing business in

Introduction While being a small country (41,543 km2), the Netherlands accommodates nearly 18 million people and constitutes one of the world’s strongest economies. One of the reasons for its strong economy, is the open, international climate of the Dutch economy, being both inviting and facilitating for foreign investors. The Netherlands is, amongst others, an attractive …

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Doing Business In: Indonesia

Siregar & Djojonegoro

Doing business in

Recently, the Indonesian government has issued Law Number 11 of 2020 on Job Creation (commonly known as “Omnibus Law”). The issuance of the Omnibus Law is one of the Indonesian government efforts to attract more Foreign Direct Investment and making it easier to do business in Indonesia. Omnibus Law comprises 15 chapters and 186 articles, …

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Doing Business In: Croatia

M&S Partners

Doing business in

* Author of the picture is Davor Rostuhar 1. SEVEN REASONS TO DO BUSINESS IN CROATIA Regardless of which sector you are doing business in, here is why you should consider doing it in Croatia: 1. Excellent Geostrategic Position Three major Pan-European corridors pass through Croatia and make it your shortest route between the Western …

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Doing Business In: Portugal

Raposo Bernardo

Doing business in

Business environment Portugal is an open economy, particularly dependent on exports and tourism. Due to this fact, the pandemic of COVID 19 had a strong impact on the country’s business climate and negatively affected, as in practically the whole world, the economic growth. It would not be wrong to say that the pandemic and its …

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Doing Business In: Ecuador

Tobar ZVS

Doing business in

I. GENERAL OVERVIEW The World has changed dramatically during the last decade. Politically it has deteriorated almost everywhere, and symptoms of mounting social unrest, institutional weakness, economic uncertainty, governments struggling to keep themselves in office, let alone fulfilling their mission in any degree, are no longer the exclusive traits of undeveloped economies, but can increasingly …

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Doing Business In: Panama

Quijano & Associates

Doing business in

Since 2000, Panama has been among the fastest growing economies in Latin America, benefiting from the development of the Panama Canal, an international banking centre and regional financial hub, and its investment incentives regimes. Panama ranks an impressive 3.28 out of 4.00 on the World Bank Logistics Efficiency Index, which demonstrates the country’s good logistics …

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Doing Business In: Medellin

Contexto Legal S.A.

Doing business in

RELEVANT CORPORATE AFFAIRS FOR FOREIGN INVESTMENT Medellín is the capital city of the department of Antioquia. The city is located in the Aburra Valley, a central region of the Andes Mountains in South America. According to the 2018 census, the city had an estimated population of 2,508,452. With its surrounding area that includes nine other …

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Doing Business In: Puerto Rico

Ferraiuoli LLC

Doing business in

Overview of Puerto Rico Currency: United States dollar Dimensions: 100 x 35 miles (160 by 56 kilometers) Climate: Tropical, 82 degrees Fahrenheit (28° C) annual average temperature Time Zone: “Atlantic Standard Time”. For most of the year, due to “Daylight Savings Time”, March through November has the same time as the East Coast of the …

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Doing Business In: Czech Republic

Kocián Šolc Balaštík

Doing business in

The Czech Republic, being formerly part of the Austro-Hungarian Empire, has a continental civil code based legal system based on Roman law. After forty years of communist rule, it began its transformation from a centrally planned economic system to a market economy after the so-called “Velvet Revolution” in 1989. From 1990 onwards it has consistently …

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Doing Business In: Mexico

González Calvillo, SC

Doing business in

Recession, market uncertainty and increasing concerns for investors have characterized 2020 in Mexico for several politic and economic reasons, as well as for the COVID 19 pandemic. Examples of this political and economic reasons include the implementation of policies against energy projects, which had been generating significant direct investment in Mexico lately; the cancellation of …

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