Finding a good corporate attorney in Bolivia is critical to guaranteeing a rapid market entry that is free of risks and legal complications. Because an experienced corporate attorney will have a deep knowledge of corporate law in Bolivia, as well as a strong track record of overseeing similar processes for other investors, so you can rest assured that you will be doing business in Bolivia in the shortest time possible, while remaining in good standing with local authorities.
Although Bolivia is not the most well-known destination in Latin America for foreign investment, the country has undergone steady economic growth during the second decade of the 21st Century, recording a gross domestic product (GDP) growth that reached 6.8% per year and never dropped below 3.4% between 2008 and 2018.
A general election in Bolivia in late 2020 saw victory for Luis Arce Catacora, a former minister of economy and public finance — pointing to a likely significant deepening of foreign direct investment (FDI) and social spending.
Bolivia boasts unsaturated markets in a number of sectors, with significant business opportunities available in the agriculture, mining, and hydrocarbon sectors. The country is the fifth-largest nation by area while being one of the least-populated in the region, pointing to the importance of non-urban economic activities to the economy.
Despite being a landlocked country, Bolivia has strong trade relations with international partners and neighbors, which include the major regional economies of Argentina, Brazil, Chile, and Peru, as well as Paraguay. The country is in the process of joining the Southern Common Market (Mercosur), a regional trade bloc that includes Argentina, Brazil, Paraguay, and Uruguay.
Among Bolivia’s main exports are oil, gas, zinc, and gold. Its main export destinations include Argentina, Brazil, India, the United Arab Emirates, and the United States.
Whether you are considering entering the Bolivian market or have already established a commercial presence in the country, read on to understand how a reliable corporate attorney in Bolivia could bring value to your business venture. Or go ahead and contact us now to discuss your business options.
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Finding a reliable corporate attorney in Bolivia
Doing business in Bolivia can be challenging if you are unfamiliar with the market or are a non-native Spanish speaker. Thus, when you choose an experienced corporate attorney in Bolivia, you can go about your business with the peace of mind that comes with knowing everything is being handled as it should.
Your corporate attorney will be in charge of conducting all legal processes related to your company incorporation, branch formation, or any other type of entity registration. That will include filling and filing application forms as well as drafting contracts. That lawyer will also represent your organization before public regulatory entities, partners, and potential clients.
In the event of any sort of legal complication, your corporate attorney in Bolivia will also defend you against lawsuits and offer expert advice, while also being able to provide guidance on tax, labor, and civil law in the country.
What should you expect from a good corporate attorney in Bolivia?
Some of the main advantages of working with a dependable corporate attorney in Bolivia include:
Specialist advice: With years of experience helping foreign companies to enter the Bolivian market, a dependable corporate attorney in Bolivia will be able to provide ongoing specialist legal advice to support your business activities from the first day of operations, including helping you choose your entity type.
Protection of intellectual property: Protecting intellectual property when doing business in Latin America is essential, and a reliable corporate attorney in Bolivia will be well prepared for guaranteeing the competitiveness and recognition of your business in the market via protection of you patent, logo, or trademark.
Bilingual support: While English is spoken in business circles in Bolivia, the official language of the country is Spanish, and all procedures and documentation related launchign a business in the country will be in that language. A bilingual corporate attorney will ensure your effective communication with all institutions and stakeholders.
Business connections: A corporate attorney with a strong track record in Bolivia will have build up valuable connections during years of operating in the country, including with other business executives, partners, suppliers, and representatives of public institutions, any of which may benefit your organization in the future.
Legal fields covered by a corporate lawyer
Some of the main legal fields that are usually covered by a corporate attorney include:
Corporate law: A corporate attorney in Bolivia will be able to carry out a complete analysis of your tax burden and will also be able to examine purchase and sale contracts, warranty contracts, and trademark registrations.
Labor law: A corporate lawyer will be able to verify if your labor practices are in line with the local regulations, as well as verify if the relations between the employees and the employer are developing in a satisfactory way.
Commercial law: A corporate attorney can provide advice on matters related to commercial exchanges or import or export processes, which may represent additional business opportunities for the company.
Mining law: A corporate attorney can help you meet the requirements to obtain mining property title, in case you are interested in exploiting the country’s mining resources.
Find the right corporate attorney in Bolivia with the help of Biz Latin Hub
At Biz Latin Hub, our team of multilingual legal specialists is equipped to help you enter the local market while maintaining your company in good standing with Bolivian authorities. With our full suite of market entry, commercial representation, and back-office services, we can be your single point of contact to establish and manage your business in Bolivia and any of the other 15 countries across Latin America and the Caribbean where we are present.
Reach out to us now for personalized assistance or a free quote.
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