Navigating Mexico’s Procurement Reform: Key Insights for Global Companies

Sep 24, 2026Dec 5, 2025 by Roni Gaddini

Mexico is modernizing public procurement. These changes will reshape how companies bid, contract, and stay compliant. With the introduction of a new digital procurement platform, revised purchasing mechanisms, and stricter oversight tools, organizations operating in Mexico will need stronger controls, better documentation, and more transparent processes.

As procurement moves online and regulatory oversight increases, companies must adapt quickly to avoid delays, disqualification, or compliance gaps.

Mexico’s Public Procurement System Is Entering a New Era

Recent reforms introduce a fully digitized contracting process, new acquisition procedures, and far more visibility into how suppliers participate in government projects. For companies selling to the public sector or planning to, these shifts significantly change how risk, competition, and compliance are managed.

Here’s what’s driving the change:

A digital-first procurement environment

Mexico is replacing its previous procurement system with a fully integrated Digital Platform for Public Procurement. This platform centralizes:

Procurement processes → centralized, standardized, and fully trackable.
Supplier registration → easier onboarding and faster verification.
Contract records → complete, accessible history of agreements for compliance and audits.
Sanctions and compliance histories → clear visibility of any regulatory or legal flags.
Annual procurement programs → structured planning for predictable government purchases.

The government is also launching a Digital Store, allowing fast-track purchasing of certain goods and services under framework agreements.

This digital overhaul means one thing for companies: complete visibility and traceability. Every action — from submitting bids to managing awarded contracts — becomes part of a permanent record overseen by regulators.

New procurement mechanisms and stricter evaluation

The reform expands procurement procedures and revises the way pricing and compliance are evaluated. Competitive dialogue, subsequent discount offers, and consolidated purchases are now formally regulated. Direct awards with negotiation strategies are also subject to these rules.

These updates aim to streamline purchasing — but they also increase scrutiny. Suppliers must be ready with defensible pricing, transparent documentation, and verifiable information at every step.

Enhanced accountability in public projects
The introduction of Social Witnesses and expanded compliance oversight means public projects face more real-time monitoring. High-impact procurements are now reviewed by civil-society observers, who can flag irregularities in real time.

For suppliers, this elevates the importance of maintaining strong internal controls and detailed audit trails.

What These Reforms Mean for Companies

The modernization of Mexico’s procurement system raises expectations around compliance, traceability, and contract performance. Companies will need:

Centralized contract and vendor data
Clear documentation practices
Consistent compliance monitoring
Internal audit readiness
Transparent pricing methodologies

Even minor inconsistencies could now be visible to regulators — and competitors.

Corpiya Helps You Navigate These Requirements

These reforms directly impact procurement auditing, contract management, and supplier oversight. With every procurement action captured on the platform — including sanctions, contracts, amendments, and supplier records — organizations must maintain higher standards of accuracy and compliance.

Our support helps companies:

Strengthen procurement controls → implement robust internal processes to reduce errors and compliance risks.
Manage contract lifecycles with transparency → track every contract stage to ensure accountability.
Ensure documentation aligns with new platform requirements → maintain records in the format regulators expect.
Prepare for audits and public disclosure → stay ready for inspections or reporting obligations.
Reduce risks of non-compliance or disqualification → protect your company from penalties and lost opportunities.

By working with Corpiya, organizations can stay compliant, reduce risk, and streamline procurement operations. Our team helps companies adapt to Mexico’s evolving regulatory landscape. To learn more or get started, contact us via the form below or at contact@corpiya.com.

Disclaimer: This article is provided for general informational purposes only and does not constitute legal advice. Sebastien Gaddini is licensed to practice law in New York; this piece addresses business-expansion and compliance topics in a non-legal, informational capacity and should not be relied upon as legal counsel. For advice specific to your situation, consult a qualified attorney licensed in the relevant jurisdiction.

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Thinking About Entering Chile’s Market? Here’s the Guide for Global Businesses

Sep 24, 2026Nov 26, 2025 by Roni Gaddini

Expanding into Chile opens the door to one of Latin America’s most stable, transparent, and opportunity-rich economies. With a strong rule of law and a business climate built on predictability, Chile has become a landing spot for companies looking for regional expansion without unnecessary uncertainty.

But entering a new market—no matter how business-friendly—comes with realities that companies need to understand early. This guide walks through the essentials: what makes Chile attractive, where challenges often appear, and how the right support can make expansion smoother and more strategic.

This guide is part of Corpiya’s broader International Business Expansion Guide — see the full framework for choosing a market and entry model.

Why Global Companies Are Choosing Chile?

Chile continues to stand out for one key reason: CONSISTENCY. Its pro-investment policies have remained steady for decades, giving foreign companies confidence that their long-term strategy won’t be derailed by unexpected shifts. Businesses entering Chile benefit from equal legal treatment, strong institutional transparency, and access to one of the world’s broadest networks of free trade agreements—connecting them to major economies across Latin America, the U.S., Europe, and Asia.

Beyond policy, Chile’s diverse economy offers opportunity across technology, renewable energy, mining, agriculture, and professional services. The combination of stability, openness, and global connectivity makes Chile a strategic — and often preferred — entry point into the region.

The Realities of Entering Chile — Beyond the Headlines

While Chile’s market is inviting, foreign companies still face a learning curve. Establishing a presence requires following defined legal steps that differ from other jurisdictions, and aligning with Chile’s tax structure demands careful preparation. Labor standards are another core component—employment practices must follow structured rules that prioritize worker protections.

Then there’s the cultural side: Chilean business culture is formal, relationship-driven, and patient. Decisions often follow clear hierarchies, and trust-building plays a significant role in negotiations. Companies that recognize and adapt to these norms are often the ones who gain momentum the fastest.

What Every Entrant Should Be Ready For

Before launching in Chile, companies should expect to complete several essential steps:

Establishing a recognized presence or structure for operating locally
Registering foreign investment and aligning with Chile’s documentation requirements
Setting up tax identification and preparing to operate under local reporting standards
Understanding and following Chilean labor expectations
Opening local bank accounts and preparing the financial infrastructure needed for day-to-day operations

How Corpiya Supports Market Entry in Chile

Corpiya helps global companies create a smoother, more confident path into Chile’s market:

Market Entry Navigation
Offering direction as companies learn Chile’s regulatory and operational landscape.
Operational Readiness Support
Helping organizations understand the foundational steps needed to begin operating effectively.
Local Compliance Awareness
Providing clarity on core obligations and helping teams stay aligned with Chile’s requirements.
Technology-Enabled Processes
Supporting companies with structured, efficient systems that streamline setup and ongoing operations.
Ongoing Advisory
Delivering continued guidance as companies adjust to local expectations and grow within the Chilean market.

Ready to Explore Chile With Confidence?

Chile offers opportunity—real, sustainable, long-term opportunity—but the companies who succeed are the ones who enter prepared. Corpiya helps organizations move into the Chilean market with clarity, structure, and confidence from day one. For the full breakdown of services and country-specific requirements, see our complete guide to expanding your business to Chile.

Connect with us at contact@corpiya.com or fill out the form below to get tailored support for entering and operating in Chile smoothly and compliantly.

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Growing in Mexico? Here’s Why the Right Legal Partner Makes All the Difference

Sep 24, 2026Nov 25, 2025 by Roni Gaddini

Mexico is full of potential for companies looking to grow — but its modernizing regulatory environment demands knowledgeable legal support. From hiring and entity setup to contracts and operations, the right legal partner helps you interpret new requirements, avoid delays, and operate with clarity.

When laws change quickly, legal risk increases even faster

From new employment requirements to contract structuring, contractor regulations, corporate governance obligations, and cross-border compliance under USMCA, businesses need more than basic legal support — they need local expertise.

So how can companies stay protected while keeping growth on track?

Why Legal Representation Matters More Than Ever in Mexico

Operating in Mexico today requires navigating:

A Changing Regulatory Environment
Mexico has introduced reforms that reshape how companies interact with regulators, obtain permits, and structure contracts. Legal certainty is increasingly dependent on having updated, localized insights.
Evolving Labor Standards
From strict rules around outsourcing to detailed employment contract requirements and mandatory policies, labor compliance is no longer optional — it’s essential.
Nearshoring Pressures
With nearshoring accelerating, companies face higher scrutiny on labor practices, environmental compliance, foreign trade documentation, and anti-corruption controls.
Heightened ESG & Reporting Requirements
ESG obligations — once voluntary — are now tied to financial reporting, investment decisions, and supply-chain participation.

Even a small oversight — a missing clause in a contract, an outdated policy, or a misclassified worker — can trigger penalties, operational delays, or lost business opportunities.

Reliable Legal Representation for Your Local Entity

Having a qualified local legal representative is essential for meeting Mexico’s regulatory requirements and protecting your business. The right partner helps safeguard your interests, reduce exposure to risk, and keep operations running smoothly.

Trusted Legal Representation for Your Subsidiary or Branch

Choosing a legal representative — often referred to as a nominee director — is a major decision. This individual acts on your behalf, signs official documents, and helps manage legal matters. Selecting the wrong person can create compliance challenges or operational risks.

Corpiya’s experienced legal team provides dependable representation that supports your business at every stage. We help manage routine legal responsibilities, assist with negotiations and disputes, and ensure your local entity stays aligned with Mexican regulations. With Corpiya, you gain a trusted partner who reduces legal risk and keeps your operations protected, so you can focus on running and growing your business.

Have questions about legal representation in Mexico?

Reach out at contact@corpiya.com or fill out the form below to ensure your entity stays compliant and protected.

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Brazil Tightens IOF: How New Rules Impact Your Cross-Border Payments

Sep 24, 2026Nov 25, 2025 by Roni Gaddini

Brazil’s latest IOF (Portuguese Tax on Financial Transactions) changes, driven by Decree 12,466/2025, are reshaping cross-border payments, Foreign Exchange (FX) operations, and treasury activities. Although Decree 12,499/2025 later softened some hikes, the Supreme Court’s intervention has added further uncertainty, partially reinstating the rollback.

These developments mean higher costs and more compliance complexity for companies sending money abroad, managing FX flows, or conducting corporate financial operations. In such a volatile environment, structured corporate-services support has never been more valuable.

Key IOF Changes in Brazil

Higher IOF-Credit Rates: Tax on credit between Brazilian companies rose from 0.38% + 0.0041% per day (capped at 1.88%) to 0.95% + 0.0082% per day (capped at 3.95%) for fixed-term credit. Companies should reassess credit operations and supplier financing strategies.

Outbound FX Rates Increased:

Short-term loans (up to 364 days): from 0% → 3.5%
Credit/debit card payments abroad: from 3.38% → 3.5%
Transfers to foreign accounts: from 1.1% → 3.5% (except for investments, which remain at 1.1%)
Acquisition of foreign currency (cash): 1.1% → 3.5%

Forfeit Transactions Considered Credit: Advance payments to suppliers and similar financing are now treated as credit operations, impacting IOF-credit calculations.

Additional Adjustments: Certain high-value pension plan contributions, micro-individual companies, and some cooperatives are subject to new IOF provisions.

Implications for Companies

Higher Costs: Cross-border payments and FX operations are now more expensive.

Compliance Complexity: Companies must adapt reporting and operational processes to meet updated IOF requirements.
Operational Planning: Treasury teams need to revisit cash flow forecasts, investment strategies, and supplier financing.
Regulatory Uncertainty: Supreme Court interventions add unpredictability, making proactive oversight essential.

How Corpiya Can Help

In a fast-changing IOF landscape, Corpiya provides tailored corporate services to reduce risk and streamline operations:

Entity Setup & Registered Office: Establish compliant local entities and addresses to optimize tax and payment flows.
Tax & Audit Support: Manage local tax filings, cross-border reporting, and IOF compliance.
Corporate Governance: Handle annual filings, UBO registers, and ongoing regulatory obligations.
Payroll & HR (PEO/EOR): Ensure compliant payroll, benefits, and employment contracts in Brazil.
HR Admin & Back-Office: Streamline onboarding, attendance tracking, and leave management.
Tech-Enabled Oversight: Use the Honeybee platform to monitor transactions, FX exposure, and forecast IOF impact.
Risk & Regulatory Advisory: Stay ahead of legislative changes, optimize cash flow, and minimize legal exposure.

With Corpiya, businesses can navigate Brazil’s cross-border tax changes confidently while focusing on growth, not compliance headaches.

Stay Compliant and Efficient in Brazil

Managing IOF changes doesn’t have to slow down your operations. Corpiya’s experts guide companies through Brazil’s evolving tax landscape, providing the tools and support to optimize costs and maintain regulatory compliance.

Contact Corpiya today via the form below or at contact@corpiya.com to learn how we can help you manage cross-border payments and FX operations with confidence.

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Historic Shift in Colombia’s Labor Laws: Key Changes and How Businesses Should Respond

Sep 24, 2026Nov 21, 2025 by Roni Gaddini

Colombia is introducing one of its most significant labor overhauls in decades. The reform affects work hours, contracts, gig workers, remote employees, and apprenticeships. With Senate approval complete and reconciliation underway in the House of Representatives, preparation is critical for any business operating or hiring in Colombia.

The reform aims to strengthen worker protections, improve job stability, and modernize labor laws that have lagged behind the realities of today’s workforce. For employers, this means new responsibilities, compliance requirements, and potential cost impacts — making early planning essential.

Why This Reform Is a Turning Point for Employers?

Colombia’s labor market has historically struggled with temporary contracts, informal work, and gaps in worker protections. This reform seeks to correct these imbalances by introducing clearer standards for employers while expanding protections for employees.

Businesses with shift workers, gig workers, or remote Colombian staff will be most affected. Even companies hiring Colombian talent remotely from abroad need to understand the new rules to remain compliant. While the reform is not yet in effect as of June 2025, organizations that start preparing now will face fewer disruptions later.

Key Changes in Colombian Labor Law

Work Hours & Pay: Night work now starts at 7 p.m. Sunday and holiday pay will increase progressively to 100% by 2027. Overtime is capped at 12 hours per week. Employers should plan for higher labor costs, particularly for shift-based roles.
Indefinite Contracts Are Now Standard: Unless the contract specifies otherwise, employees can assume their employment is ongoing with no set end date. Fixed-term contracts automatically convert to indefinite after four renewals or five years.
Gig Workers Must Be Included in Social Security: App-based and freelance workers gain access to social security benefits. Employers cannot require exclusivity, and platforms must provide human oversight of algorithms to ensure fair treatment.
Remote Work Provisions: Eligible employees are entitled to a connectivity allowance. Larger companies must consider hybrid work arrangements, formalizing remote options and associated benefits.
Vulnerable Worker Protections: Pregnant employees, individuals with disabilities, near-retirement staff, and rehabilitated workers receive stronger protections under the new law. Companies should review HR policies to ensure compliance.
SENA Apprenticeships: Apprentices participating in the National Apprenticeship Service program now require formal contracts. Pay rises from 75% of the minimum wage in year one to 100% in year two.

How Corpiya Supports Businesses Through Colombia’s Labor Reform

Navigating Colombia’s labor reform requires careful planning. Corpiya supports organizations with:

HR & Payroll Compliance: Ensuring contracts, benefits, and payroll are accurate under new rules.
Corporate & Advisory Guidance: Assisting with legal structures, hiring models, and outsourcing strategies.
Cost & Risk Management: Helping businesses forecast costs, plan scenarios, and manage potential penalties.
Preventing Legal Issues: Conducting audits and establishing processes to prevent fines and exposure.

By working with Corpiya, companies can stay compliant, reduce risk, and streamline HR operations while adapting to Colombia’s evolving labor landscape. To learn more or get started, contact us via the form below or at contact@corpiya.com

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Mexico Is Booming — But Is It the Right Move for Your Business?

Sep 24, 2026Nov 19, 2025 by Roni Gaddini

Expanding into a new market is exciting, but getting it right requires more than choosing the next country on your growth map. Mexico has become a top destination for companies looking to nearshore, scale operations, or tap into a thriving consumer base. With its strategic location, strong trade ties, and growing talent pool, the opportunity is undeniable. But entering Mexico without understanding its business environment can lead to costly delays and compliance headaches.

That’s why companies need a clear roadmap before stepping in. Mexico’s market is full of potential, but it also comes with unique regulations, regional differences, and cultural expectations that shape how business gets done. A thoughtful market-entry strategy can determine whether your expansion thrives or stalls. Here’s what you need to know before making the move.

This guide is part of Corpiya’s broader International Business Expansion Guide — see the full framework for choosing a market and entry model.

Ready to move from research to execution? See how Corpiya handles company formation, payroll and EOR, and accounting and compliance in Mexico.

Key Opportunities and Challenges in Mexico

Massive Trade Potential — Mexico is one of the U.S.’s top trading partners, offering export and nearshoring advantages
Growing Digital Economy — Strict regulations around data make having local infrastructure or cloud solutions a smart play.
Regulatory Complexity — Foreign companies need to navigate legal entity structures, foreign investment rules, and potential antitrust concerns.
Labor Laws & Hiring — Mexican labor law includes mandatory benefits, severance, and compliance with social security (IMSS).
Establishing Local Presence — Setting up a legal entity or working through local agents or distributors is often necessary to scale effectively.
Trade Incentives & Regional Presence — Because Mexico is divided into key commercial hubs, a regionally tailored strategy is often more effective.
Digital Data Regulations — Tech or digital service companies often must store certain data locally.
Tax & Customs Requirements — IMMEX program compliance and import/export documentation are critical for operational success.

How Companies Can Approach the Mexican Market

Entering Mexico successfully requires balancing strategy with local insights. Companies often start by identifying key regions—Mexico City, Guadalajara, Monterrey, and Baja California—to ensure their distribution or service coverage is efficient. Partnering with local distributors, agents, or strategic allies can also reduce risk and accelerate entry, especially in industries with heavy regulation or strong competition.

Understanding cultural expectations is just as important as regulatory compliance. Building trust with Mexican partners, communicating consistently, and respecting business norms can open doors that a purely transactional approach cannot. Companies that invest in both operational planning and relationship-building often see faster adoption, smoother operations, and better long-term growth.

Corpiya Can Help You Succeed

Expanding into Mexico can feel complex, but Corpiya is positioned to support businesses across Corporate, HR, Advisory, BPO, and Technology Services. We help companies navigate regulations, manage local operations, optimize their workforce, and implement the right strategies for growth. With Corpiya as a partner, your business can focus on scaling while providing the expertise and infrastructure to make the expansion smooth and successful.

If you’re ready to enter the Mexican market with confidence, reach out to Corpiya at contact@corpiya.com or fill out the form below to start building your roadmap for success.

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Updated Anti-Money Laundering Law is Here: Is Your Business Ready for EU Ownership Transparency?

Sep 24, 2026Nov 19, 2025 by Roni Gaddini

The EU is raising the bar on transparency—and it could affect your business sooner than you think. But what does this really mean, and how can you prepare without getting lost in the complexity?

The Sixth Anti-Money Laundering Directive (AMLD6), along with the Anti-Money Laundering Regulation (AMLR) and the new AML Authority (AMLA), is the EU’s most comprehensive update to combat money laundering and terrorist financing. These rules will change how companies track, report, and verify beneficial ownership—and noncompliance can carry serious consequences, from fines to reputational damage.

Why Beneficial Ownership Transparency Matters

Have you ever wondered who truly owns a company? That’s exactly what AMLD6 wants to clarify. The directive ensures that the “real owners” of companies, trusts, and other legal arrangements are clearly documented and accessible to authorities—and even to the public under certain circumstances.

Member States will maintain central beneficial ownership registers with detailed, up-to-date information. Bank, payment, securities, and crypto accounts will also be traceable through interconnected EU systems. Financial Intelligence Units (FIUs) gain expanded powers to analyze transactions, suspend suspicious activity, and cooperate across borders—all while protecting fundamental rights.

For businesses, this means one thing: transparency is no longer optional. Getting it right reduces risk, prevents financial crime, and builds trust with partners, investors, and regulators.

How Corpiya Supports Compliance

AMLD6’s requirements touch on areas where Corpiya’s solutions naturally support businesses:

Entity Management & Compliance
Companies must maintain accurate, up-to-date ownership records. Corpiya centralizes and automates these records, making it easier to comply with beneficial ownership disclosure rules.

Global Corporate Secretarial Support
Different EU jurisdictions may implement AMLD6 in varying ways. Corpiya helps businesses manage filings, ownership updates, and regulatory reporting across all markets, ensuring consistent compliance.

Data Management & Transparency Tools
With transparency at the heart of AMLD6, Corpiya’s secure data solutions allow ownership information to be stored, tracked, and accessed for audits or regulatory checks, helping meet EU standards for disclosure and accountability.

Preparing for the Future

Deadlines for AMLD6 transposition range from 2025 to 2029, giving companies time—but not forever.

To stay ahead, businesses should:

Review AML and CFT policies
Strengthen beneficial ownership verification
Use technology for monitoring and reporting
Conduct risk assessments across all operations

The right preparation today allows organizations to navigate AMLD6 confidently while keeping operations smooth and compliant.

Don’t Wait to Get Compliant

AMLD6 isn’t just a regulatory hurdle—it’s a chance to strengthen transparency, reduce risk, and build trust across your organization. Corpiya makes compliance simpler, safer, and smarter.

The benefits of Corpiya’s services in supporting compliance with AMLD6 can be seen across entity management, corporate secretarial support, and data transparency—helping businesses meet the directive’s requirements with confidence.

Reach out to contact@corpiya.com or fill out the form below to start simplifying compliance and regulatory requirements for your business.

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Peru’s New 18% Digital Services VAT: What Foreign Providers Must Know

Sep 24, 2026Nov 15, 2025 by Roni Gaddini

Peru has introduced significant updates to its Value Added Tax (VAT) system through Legislative Decree No. 1623. Although enforcement began in late 2024, compliance expectations extend into 2025 and beyond. The reform expands VAT to cover digital services and intangible goods provided by non-resident entities, aligning Peru with global trends in digital taxation.

For companies offering cloud services, streaming, SaaS platforms, or online marketplaces, these changes create new compliance requirements that must be understood and addressed early.

What the New Decree Covers:

Under the new decree, digital services consumed in Peru are now subject to VAT—even when the provider is based abroad.

Key provisions include:

Scope: Applies to automated digital services such as streaming, cloud storage, online advertising, and digital marketplaces.
Registration: Non-resident providers must register with SUNAT (Peru’s tax authority) and obtain a local tax ID (RUC).
Collection and Reporting: Providers act as VAT perception agents, responsible for collecting and remitting VAT, with monthly returns due within ten business days of the following month.
Non-Compliance: Unregistered or non-reporting entities risk being listed publicly as non-compliant providers.

Why These Changes Matter?

These updates go beyond administrative changes—they demand system-level compliance. Businesses will need technology that can:

Identify when a customer is in Peru (via IP, billing address, or payment method)
Apply the correct VAT rate automatically
Generate and submit reports accurately to SUNAT

As tax authorities worldwide adopt similar rules, integrating compliance into billing and reporting systems is becoming essential for sustainable operations.

The Role of Technology in VAT Compliance

Adapting to Peru’s VAT requirements depends on how well companies can align their systems with regulatory demands. For example:

Billing and ERP Systems must be configured to identify taxable transactions and apply the correct VAT rates.
Reporting Tools should automate data collection and submission, minimizing errors and delays.
Data Integration across global platforms ensures consistent reporting and traceability for audits.

Automation and system integration are not just efficiency upgrades—they are compliance necessities under frameworks like Peru’s.

How Corpiya Supports Businesses Navigating Peru’s VAT Rules

Corpiya’s multidisciplinary approach—combining Advisory, Corporate, BPO, and Technology Services—positions the firm to assist clients at every stage of compliance:

Advisory: Interpreting Legislative Decree 1623 and SUNAT Resolution 293-2024, assessing VAT exposure, and defining compliance strategies.
Corporate Services: Guiding clients through SUNAT registration and ensuring that local structures meet regulatory standards.
BPO Services: Managing VAT filings, recordkeeping, and ongoing reporting requirements on behalf of clients.
Technology Services: Implementing or upgrading systems for automated VAT calculation, integration with SUNAT reporting tools, and ensuring digital compliance continuity.

By connecting regulatory knowledge with technological capability, Corpiya helps companies stay compliant and operational in Peru’s evolving digital economy.

For more information or tailored support, fill out the form below or contact contact@corpiya.com.

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Data Protection Reinvented: Chile’s New Privacy Law Sets a Higher Standard

Sep 24, 2026Nov 12, 2025 by Roni Gaddini

After a seven-year legislative journey, Chile has passed Law No. 21.719 on the Protection of Personal Data, a landmark regulation that modernizes the country’s privacy framework and establishes the new Personal Data Protection Agency. Officially published on 13 December 2024, the law will take effect on 1 December 2026.

This reform brings Chile in line with international data protection standards and introduces a structured compliance framework for organizations handling personal data, making early preparation essential for businesses operating in the country.

Background

Chile’s previous data protection framework, Law No. 19.628 on the Protection of Private Life, had long been criticized as outdated. This new legislation draws heavily from the EU General Data Protection Regulation (GDPR), reinforcing transparency, accountability, and individual rights in data processing.

The establishment of an independent Personal Data Protection Agency marks a major institutional shift — providing a single authority to oversee compliance, investigate breaches, and sanction violations.

Key Obligations

Under Law No. 21.719, companies and organizations processing personal data must implement a robust set of measures, including:

Legal basis for processing: Every data processing activity must be justified, documented, and aligned with the law.
Enhanced transparency: Organizations must provide clear, accessible privacy policies and disclosures to data subjects.
Special protection for sensitive data: Biometric, health, geolocation, financial data, and information about minors require extra safeguards.
Breach notifications and confidentiality: Mandatory reporting of data breaches and strict confidentiality obligations are now required.
Oversight of service providers: Companies must ensure that any third-party service providers handling personal data also comply with the law.
Data protection impact assessments: High-risk processing activities must undergo formal impact evaluations.
International data transfers: Cross-border data transfers must meet Chile’s new regulatory standards.
Proportional obligations for SMEs: Small and medium-sized enterprises benefit from scaled security and transparency requirements suitable for their size.

Organizations are also encouraged to adopt a data protection compliance model, which includes appointing a Data Protection Officer and implementing internal control processes. While voluntary, certified compliance programs may serve as mitigating factors in potential sanctions.

Sanctions and Enforcement

The law introduces a detailed catalog of 30 infractions, categorized by severity.

Penalties can reach up to 20,000 UTM (approximately USD 1.39 million) for extremely serious breaches, with higher fines for repeat violations.

In addition to financial sanctions, the Agency has the authority to suspend data processing activities for up to 30 days, a measure that could significantly impact business operations.

How CRESCO Supports You with Data Privacy Compliance

Corpiya can help organizations navigate new regulations such as Chile’s new Personal Data Protection Law with confidence. From assessing current data practices and identifying gaps to designing robust compliance frameworks, we guide companies through every step of implementation.

Our experts can help define legal bases for processing, draft transparent privacy policies, conduct impact assessments, and ensure secure international data transfers. By tailoring solutions to your organization’s size and risk profile, Corpiya ensures you meet regulatory requirements efficiently while safeguarding your reputation and building trust with customers. To learn more or get started, contact us via the form below or at contact@corpiya.com

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Peru – UBO Affidavit Update

Sep 24, 2026Sep 10, 2025 by Roni Gaddini

Peru Issues New UBO Filing Deadlines Under Resolution No. 000168-2025/SUNAT. The Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT) has set new deadlines for Ultimate Beneficial Ownership (UBO) affidavits, with phased compliance running from October 2025 to November 2026. All Peru-domiciled entities must comply or face penalties of up to 0.6% of net income.

SUNAT has announced new deadlines

Deadlines for filing Ultimate Beneficial Ownership (UBO) affidavits further extend Peru’s framework for corporate transparency. Resolution No. 000168-2025/SUNAT, published on 28 May 2025, introduces updated filing requirements for an additional group of taxpayers. This resolution reinforces SUNAT’s broader objective of gradually expanding UBO reporting across all relevant legal entities in Peru.

Background

Peru first introduced UBO disclosure rules in 2019, marking a significant step in aligning with international standards on corporate transparency and anti-money laundering (AML). These rules were expanded in 2022, as part of SUNAT’s strategic roadmap to improve the detection of illicit financial activity and prevent the misuse of corporate structures. The 2025 resolution represents the next phase in this rollout, establishing a systematic and phased approach to bring nearly all Peru-domiciled entities into the UBO reporting regime.

Applicability and Deadlines

The new obligations apply to legal entities domiciled in Peru that were not already included in the earlier deadlines (2019, 2022). Deadlines are phased according to net income reported for Fiscal Year 2024, measured in Tax Units (UIT):

The November 2026 deadline also applies to:

Legal entities not included in the above brackets or not required to file annual or monthly returns for FY2024.
Entities that activated their RUC (Taxpayer ID) up to December 2024, or registered between January 2025 and November 2026.
Legal arrangements established in Peru and registered in the RUC during October 2024–November 2026.

Entities registering after November 2026 must comply with deadlines applicable to the period in which they register or activate their RUC.

Definition of UBO

An Ultimate Beneficial Owner (UBO) is defined as:

An individual who ultimately owns or controls legal entities or arrangements, directly or indirectly.
An individual on whose behalf a transaction is carried out, or who exercises ultimate control over a client.

This definition includes ownership through chains of entities, indirect control, or other mechanisms of influence.

Why This Matters

UBO disclosure is part of a global trend toward greater corporate transparency, driven by the Financial Action Task Force (FATF) and adopted across multiple jurisdictions. By enforcing these rules, Peru is positioning itself as a stronger player in combating money laundering, tax evasion, and corruption. For multinational groups with operations in Peru, this means additional compliance layers — but also improved credibility in the global marketplace.

How Corpiya Can Support You

Corpiya assists businesses with navigating regulatory complexity across borders, including UBO reporting obligations. Our experts ensure that your entity remains compliant with SUNAT’s requirements while minimizing administrative burden. For tailored guidance on Peru’s new UBO deadlines, contact contact@corpiya.com

Put These Insights Into Action

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Mexico’s Public Procurement System Is Entering a New Era

A digital-first procurement environment

New procurement mechanisms and stricter evaluation

What These Reforms Mean for Companies

Corpiya Helps You Navigate These Requirements

Put These Insights Into Action

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