A presidential decree in Brazil will ease foreign investment into credit-related fintechs. Previously, financial services companies with foreign capital could only operate in Brazil by presidential decree. Now, for companies with foreign capital that are working on credit and lending, such a decree is no longer needed.
Chilean President Sebastián Piñera launched the National Office of Productivity and Entrepreneurship (OPEN) to reduce bureaucracy, simplify regulations and encourage investment in the country.
The Brazilian lower house of Congress voted to approve lighter regulation on car-hailing apps such as Uber and Cabify. The approved amendments eliminated requirements such as needing to use taxi-style…
The Argentina Data Protection Agency (Dirección Nacional de Protección de Datos Personales or “DNPDP”) posted online a draft bill for a new data protection act. The changes introduced by the…
Law firm Baptista Luz shares the status of several regulatory issues in Brazilian fintech, including crowdfunding, online lending and blockchain, and crypto-asset public sales (ICOs). (Baptista Luz) Introdução: O Brasil…
Argentina’s Ministerio de Producción finalized Impuesto a las Ganancias, one of the conditions of Ley de Emprendedores, a which will allow investors in businesses to deduct between 75%-85% of profits.…
Fundación Impacta and the Chilean Ministry of the Economy have partnered to launch Chile’s first Social Impact Bond. (Economía y Negocios) Creados en Inglaterra, a la fecha mueven aproximadamente US$…
Mexico’s National Commission of Savings and Retirement, CONSAR, announced new laws to reduce restrictions on Afores’ investments in Certificados de Capital de Desarrollo (CKDs). The laws will be officially published…
Brazil’s Senate approved US$750m in financing for renewable energy, provided by the Brazilian Development Bank (BNDES) and the Inter-American Development Bank (IDB). (PV Magazine) The Brazilian Senate has approved on…
Currently, corporations receive tax benefits when developing internally new products and services (R&D Law). However, venture capital funds and corporations do not receive any tax benefits when acquiring startups that…
