On February 11th, Auxadi participated in the IHR Meeting webinar, an event for companies operating in the Americas. During the session, our team shared its expertise in international management and provided up-to-date insights on the main foreign direct investment (FDI) markets in the region.
In the session “Practical situation and updates for companies operating in the region,” industry leaders from Holistic Relocation, Auxadi and the law firm Díaz Mirón y Asociados S.C discussed essential considerations for businesses looking to expand into Latin America.
Key aspects to start operations in the Americas
Our LATAM director, Manrique Blen, highlighted the ecosystem necessary for setting up operations in the region and outlined various landing strategies by country. A crucial factor discussed was the estimated time required to establish a local corporation:
- Chile and Costa Rica: 5 days
- Mexico: 8 days
- Colombia: 10 days
- Argentina: 15 days
- Brazil: 17 days
Additionally, he emphasized the importance of mandatory requirements, such as the occupational risk insurance, which is required in Chile, Colombia and Costa Rica, optional in Argentina and not required in Brazil and Mexico.
Payroll trends and labor updates in Latin America
Our Payroll Multicountry manager, Solángel León, provided a comparative analysis of labor differences across the region, including:
- Working hours and Paid Time Off (PTO)
- Mandatory bonuses and probation periods
- Expatriate workforce management and ongoing regulatory changes
The session reaffirmed Auxadi’s commitment to providing strategic solutions for international payroll management, ensuring compliance and facilitating business expansion in Latin America.
If you want to explore this topic further because you couldn’t attend the webinar, or if you were present and would like to have all the key insights at hand, we have prepared a comparative guide on the labor regulations in LATAM countries. This resource offers a comparative analysis of each region mentioned, including essential information on payroll management and labor regulations in Latin America.
At Auxadi, we offer comprehensive payroll management solutions, supporting your company’s expansion in Latin America and across more than 50 jurisdictions, backed by 45 years of experience and a team of local experts in each country. If you’re looking to optimize your multinational or fund management operations in the Americas, we help ensure regulatory compliance, mitigate risks, and efficiently manage your international workforce.
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Can Auxadi help?
Auxadi can become your ideal partner. We offer a one stop shop value added outsourcing services in the areas of accounting and reporting, tax compliance, payroll management and representation services, among others.
Local Knowledge – International Coverage
Founded in 1979, Auxadi is a family-owned business working for multinational corporations, private equity funds and real estate funds. It’s the leading firm in international accounting, tax compliance and payroll services management connecting Europe and the Americas with the rest of the world, offering services in 50 countries. Its client list includes many of the top 100 PERE companies. Headquartered in Madrid, with offices in US and further 22 international subsidiaries, Auxadi serves 1,500+ SPVs across 50 jurisdictions.
All information contained in this publication is up to date on 2024. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.