With Brazil and Mexico ranked among the top 20 economies in the world and Peru as the ninth fastest growing economy, multinational corporations have expressed renewed interest in Latin America (LATAM) for business expansion and directed foreign investment. The LATAM market is an attractive investment destination due to low labor costs, resource richness and a young expanding consumer market. The regulation of the labor market, however, is strict and inflexible. American decision-makers who oversee operations in LATAM should carefully review local regulations to ensure compliance and avoid potentially costly errors. This article highlights the critical employment law issues for American corporations with business operations in LATAM.
Region:
Argentina
,
Belize
,
Brazil
,
Costa Rica
,
Guatemala
,
Mexico
,
Paraguay
,
Peru
,
Uruguay
,
Venezuela
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