25d (edited) • General discussion
Some know, some guess.
"We'll figure out the compliance stuff once we're on the ground."
That sentence has launched countless expensive legal problems.
Expansion into LATAM isn't a market you can improvise your way into.
Every country has its own...
➤ Regulatory environment.
➤ Employment law.
➤ Tax structure.
➤ Data privacy requirements.
➤ Industry-specific licensing.
The companies that go in unprepared don't always fail immediately.
Sometimes they operate for 12 or 18 months before the issues surface.
By then, they're not figuring it out. They're unwinding it.
And unwinding a non-compliant operation in a foreign market is significantly more expensive than building a compliant one from the start.
The cost of getting it right upfront is almost always a fraction of the cost of fixing it later.
The smartest operators expanding into LATAM right now aren't moving more slowly.
They're moving with better information.
P.S. The question isn't whether to be aggressive about expansion.
It's whether you're being aggressive about the right things.
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Some know, some guess.
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