Company types The sociedad de garantia reciproca and sociedad anónima are frequently encountered company types throughout South America. All South American countries are independent from each other, which makes it difficult to offer specific guidelines for registering a company. Please bear in mind that if you need to incorporate a company in Brazil, make sure you contact us first. There are fundamental differences between private (fundação privada) and public (fundação pública) entities in Brazil.
However, if you are looking for an easy-to-follow tutorial on the major legal structures for companies in South America, please continue reading, as there are a number of factors that may present significant challenges and risks. Confidus Solutions’ top-choice suggestions are Argentina, Chile, Colombia, Ecuador, Paraguay and Peru.
Argentina A view in ArgentinaIn Argentina, you can incorporate an S.R.L., an S.C.S., an S.C.p.A., an Soc.Col. or one of several other legal entities. S.R.L. in Spanish stands for sociedad de responsabilidad limitada, which closely resembles the United Kingdom’s Limited Company (Ltd) or the US limited liability company. The S.C.S., or sociedad en comandita simple, is almost identical to a limited partnership. S.C.p.A. stands for “sociedad en comandita por acciones” and is a limited partnership with shares, whereas a Soc.Col. or sociedad colectiva is general partnership similar to those found in the United States of America. Argentina also has several other legal entities that we have not listed here.
Brazil A view in BrazilIn Brazil, you can incorporate an Ltda, an S.A., a sociedade simples or one of several other types of legal entities. Ltda in Portuguese stands for sociedade limitada, which is similar to a limited company (Ltd) in the United Kingdom. An S.A. is a sociedade anônima which is equivalent to a UK plc. Finally, the sociedade simples is exactly the same as a PLLC. Brazil also has a number of other legal entities not listed here. Contact us if you need help deciding on the most suitable company type for your corporate needs.
Chile A view in ChileIn Chile, the options are SpA, LTDA. or few other company types. SpA in Spanish stands for sociedad por acciones, which is essentially a limited partnership with shares. LTDA. stands for sociedad de responsabilidad limitada and is equivalent to the United Kingdom’s limited company (Ltd). More and more business leaders are shifting their focus from China to Chile — a country that attracts a substantial amount of foreign investment. This is mainly due to its growing economy and dynamic business regulations. Incorporating a company in Chile can bring many benefits.
Colombia A view in ColombiaIn Colombia, the available company types are S.A., S.A.S. and Ltda. S.A. in Spanish stands for sociedad anónima which is quite close to a plc in the United Kingdom or a corporation in the United States. S.A.S. stands for sociedad por acciones simplificada, which is a similar concept to the French S.A.S. (societé par actions simplifiée). Finally, an Ltda in Colombia is a sociedad de responsabilidad limitada, equivalent to the idea of a limited company (Ltd) in the United Kingdom or an LLC in the United States.
Ecuador A view in EcuadorIn Ecuador, you can incorporate a C.A., a Cía, an Ltda or an E.P., among other options. A C.A. in Spanish is a compañía anónima; A Cía Ltda is a compañía limitada, which means limited liability company; while an E.P. is an empresa pública.
Peru A view in PeruPeru, among many other options, offers the chance to register an S.A.A. (sociedad anónima abierta in Spanish). This is a specific type of legal entity that must meet one or more conditions, set out in Article 249 of the General Corporation Law. Remember, an S.A.A. is audited by the Comisión Nacional Supervisora de Empresas y Valores (CONASEV). Forming a company in Peru gives you a ready-made solution for doing business all over South America, legitimately.
The main purpose of any business is trading, which means making a profit. One of the most important tools of any business, without which it would not be able to conduct any type of business activity, is a bank account. Whether you're an individual looking for ways to invest and keep your money safe, or a business looking for a corporate account, there are a number of different types of accounts and it's important to choose the one that works best best suits your needs.
Before registering a company, make sure you are fully aware of the pros and cons of each option in the Middle East and nearby islands like Bahrain and Socotra (Yemen). Bahrain is currently thriving as one of the most prosperous countries in the Middle East, offering an open-minded environment for international entrepreneurs and investors to set up a business. It is possible for a foreign company in Bahrain to incorporate a limited liability company (LLC), partnership or branch of a foreign company. Qatar has many foreign companies operating within its borders, mainly in the oil, mining and engineering industries. However, Qatar supports all foreign companies willing to invest and operate in its territory.
A personal banker is a bank employee, usually in retail banking, who assists clients in managing their funds and providing various solutions to their financial needs, such as taking deposits or other commercial banking products and planning for retirement or children's college expenses.
Personal bankers typically work with retail clients to help them with their banking-related questions or problems. On the other hand, a private/investment banker's main objectives are also related to sales performance and they mainly work with companies or high net worth individuals. In addition, private and investment bankers get to know their customers very well, but personal bankers do not usually work with a specific list of customers.
Benefits of a personal banker A personal advisor can help you with almost any question about banking services and can help you with anything that is unclear. Personal bankers can also give you tips on which services are best for you. However, when applying for a new service via your online banking, you are on your own. There are still many people who do not feel comfortable on the Internet and prefer personal communication.
Disadvantages of a personal banker Looking at the disadvantages of personal banking, there are two main reasons why online banking is preferable to visiting a personal banker in a branch. First, like any other industry, bank employees who work in the front office and meet their existing or potential customers on a daily basis are salespeople. This means your personal manager has sales quotas and most of his salary is based on commission. Personal bankers are evaluated primarily on their sales performance, and this is an important factor when branch managers consider potential promotions or job cuts. Ultimately, all personal managers will try to sell you as many banking services as possible, and if they are good salespeople, they will succeed. If you want to avoid aggressive sales strategies, you might even be well advised to keep branches away at the end of the month and especially at the end of the quarter.