The Times Australia
Fisher and Paykel Appliances
Small Business News

.

5 tips for business travel in Latin America

  • Written by News Company


With over 600 million people and 20 countries, Latin America is as large as it is diverse. And while each country has its own unique customs and traditions when it comes to conducting business, there are a number of details you should take into account no matter what area of the region you are visiting. After all, a carefully planned journey can save you both time and money, and make your business trip more fun in the process. With this in mind, here are our five tips for making your next business trip in Latin America a success.

Check environmental conditions

Always check the weather forecast of your destination before departure, and dress appropriately. Also, keep in mind the altitude you will be working at once you land. Cities such as La Paz and Quito lie at high altitudes, which may take some time to adjust to (altitude sickness feels like something between jetlag and a hangover). As such, don’t arrange meetings for the day of your arrival and make sure you drink plenty of water.

Stock up on local currency

Generally, taxis and small corner stores in Latin America don’t take credit cards, so you will need to have some local currency right off the bat. While US dollars are used in some Latin American countries, such as Panama, in most cases you will have to change your money into the currency of the country you will be doing business. You can either do this in your home country or at the airport once you arrive at your destination. Do keep in mind that some money changers at airports have extortionate rates. It is also usually possible to withdraw money from an ATM at the airport after you land.

Carry an ID

Both residents and travelers in Latin American countries are expected to carry an ID at all times. Make a photocopy of your passport prior to departure and carry that with you while you keep the original safe in the hotel safety deposit box. If your business trip requires you to visit official buildings, check if you are required to bring an official ID, advises Santiago Hernandez from MONEDEROSMART. While in most cases your driver’s license should be sufficient, in others you may be asked for your passport.

Build relationships

Personal and business lives of Latin Americans can be closely intertwined, so it pays to be build relationships with your business partners and clients. Latin Americans are sometimes not as direct as their counterparts from the United States. As such, being overly direct can be perceived as aggressive. It is also a good idea to avoid sensitive topics such as politics and religion. Also, keep in mind that not everybody in Latin America speaks English, particularly if you are dealing with technicians and salespeople.

Take your time

Meetings in Latin America often run over time, and it is impolite to cut your discussion with someone short because you have another commitment. This can make people late for other engagements. Traffic jams can also be a problem in some large Latin American cities, so do some research before arranging your meeting schedule. In addition, decisions in Latin America are usually not taken quickly, and the region’s staggering bureaucracy can impede business progress.

Property Times

Why the Prevailing RBA Mortgage Interest Rates Are Not to Blame for the Continuing Rise in Residential Dwelling Prices

Australia’s housing market remains one of the most debated economic issues of the decade. Despite successive Reserve Bank of Australia (RBA) interest rate hikes aimed at cooling demand, residential dwelling prices across most capital cities and man...

How Real Estate Agent Commissions Work in Australian States and Territories

When buying or selling property in Australia, one of the biggest costs—beyond the property price itself—comes from real estate agent commissions. These commissions are the fees agents charge for marketing, negotiating, and finalising the sale of ...

Understanding Centrelink Investment Property Valuation: A Guide for Australian Property Owners

Introduction Owning an investment property in Australia can bring financial stability — but it also comes with responsibilities, especially when it comes to Centrelink assessments. Whether you’re applying for age pensions, disability benefits, or ...

Rubber vs Concrete Wheel Stops: Which is Better for Your Car Park?

When it comes to setting up a car park in Perth, wheel stops are a small feature that make a big difference. From improving driver accuracy to preventing costly damage, the right choice between rubber and concrete wheel stops could save you time, mon...

Food & Dining

Restaurants to visit in St Kilda and South Yarra

Here are six highly-recommended restaurants split between the seaside suburb of St Kilda and the stylish inner-east locale of South Yarra, Melbourne — perfect if you’re planning a food-lovers outing. I’ve included details about what makes each sp...

How early is too early’ for Hot Cross Buns to hit supermarket and bakery shelves

Every year, Australians find themselves in the middle of the nation’s most delicious dilemmas - when is too early for hot cross buns? As soon as the first packs appear in supermarket aisles on Boxing Day, the country divides into two camps: the d...

Farm to Fork Australia Launches Exciting 7th Season on Ten

New Co-Host Magdalena Roze joining Michael Weldon, Courtney Roulston, Louis Tikaram, and Star Guest ChefsDual Entertainment is proud to announce that Australia’s beloved food and farming series, Farm to Fork Australia, makes its much-anticipated retu...

Renowned Sydney Restaurant, Alpha Dining, Welcomes New Executive Chef: Riccardo Pazzona

Sydney’s modern Greek dining institution, Alpha Dining, has announced the appointment of Riccardo Pazzona as Executive Chef.  Operated by the Dedes Waterfront Group and located in the heart of Sydney’s CBD, Alpha has long been at the forefront o...

Active Wear

Business Times

NRMA Partnership Unlocks Cinema and Hotel Discounts

My NRMA Rewards, one of Australia’s largest membership and benefits programs, has announced a new partnership with leadin...

Australian Startup Business Operators Should Make Connections wit…

In the rapidly shifting global economy, Australian startups are increasingly finding that their greatest opportunities do...

Intuit QuickBooks Launches Australia's Most Advanced Open Banking…

Intuit Australia Pty Limited, subsidiary of Intuit Inc. (NASDAQ: INTU), the global financial technology platform behind I...

The Times Features

Myer celebrates 70 years of Christmas windows magic with the LEGO Group

To mark the 70th anniversary of the Myer Christmas Windows, Australia’s favourite department store...

Pharmac wants to trim its controversial medicines waiting list – no list at all might be better

New Zealand’s drug-buying agency Pharmac is currently consulting[1] on a change to how it mana...

NRMA Partnership Unlocks Cinema and Hotel Discounts

My NRMA Rewards, one of Australia’s largest membership and benefits programs, has announced a ne...

Restaurants to visit in St Kilda and South Yarra

Here are six highly-recommended restaurants split between the seaside suburb of St Kilda and the...

The Year of Actually Doing It

There’s something about the week between Christmas and New Year’s that makes us all pause and re...

Jetstar to start flying Sunshine Coast to Singapore Via Bali With Prices Starting At $199

The Sunshine Coast is set to make history, with Jetstar today announcing the launch of direct fl...

Why Melbourne Families Are Choosing Custom Home Builders Over Volume Builders

Across Melbourne’s growing suburbs, families are re-evaluating how they build their dream homes...

Australian Startup Business Operators Should Make Connections with Asian Enterprises — That Is Where Their Future Lies

In the rapidly shifting global economy, Australian startups are increasingly finding that their ...

How early is too early’ for Hot Cross Buns to hit supermarket and bakery shelves

Every year, Australians find themselves in the middle of the nation’s most delicious dilemmas - ...