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Modern business requires specialised, professional staff, with high levels of responsibility and particular expertise in certain fields. It demands access to ongoing professional development that deepens employees' knowledge, as most people today live in a very fast-changing environment. For this reason, when it comes to finding the right people for the right job it is crucial to go through each individual phase of the hiring process, such as planning, recruitment and the selection of employees.

The recruitment phase consists of the implementation of certain methods and strategies used by a company to find applicants for employment. This means searching for potential employees using internal and external sources, screening and shortlisting the received applications on the basis of the candidates' eligibility and suitability and having potential employees evaluated by professional recruiters.

The methods and strategies to be used must be valid and appropriate in order to ensure an effective recruitment process. Consequently, there are certain resources that are necessary for carrying out this process. The most important thing is to delegate the task to competent HR and recruitment professionals, who will be able to evaluate whether a candidate has the right skills and credentials to succeed in the job. They must also know where to look for the right candidates for job vacancies and understand how to attract both suitable and unsuitable candidates.

This means that recruiters should be able to understand the market and therefore know what an appropriate candidate looks like. For this reason, the best choice for an international company is to hire local professionals who are familiar with the market and can easily identify the right candidates for the vacancies it is offering.

Local recruitment companies usually have background knowledge of the range of local employees available. Operating as separate business entities, third-party companies free up the client company's managers, chief executives and other employees from having to carry out additional work at the expense of their regular roles and daily responsibilities. As the best results come from focusing on one thing with full capacity, it is likely that a professional third-party company will attract the best talent more successfully than the company's senior employees.

Now that outsourcing has become one option on a larger menu of hiring strategies, some companies use it to gain time and ensure a more responsive approach to customer needs. Local external service providers can be a great help to in-house staff, mainly because of the time saved on managing and implementing the recruitment process.

Local recruitment companies can provide more engaging and convenient recruitment processes by following up with the candidates, understanding the position sought and accelerating the hiring procedures. Because of their existing background knowledge, there is no need to educate or provide specific training for staff in order to prepare them for such a responsible task — one with long-term consequences for the company. Local recruiters are also likely to avoid the common pitfalls of the recruitment process.

Local recruiters can easily find a common language with potential candidates in the local labour market, find an easy way to reach out to and engage with them and help the company stay in touch and follow up with them by keeping them updated throughout the recruitment process. This will make the recruitment process more effective, methodical and organised — in other words, smooth and personalised in terms of the approaches used — resulting in the selection of employees who will make the most of their jobs in the future.

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.

Confidus Solutions list of banks in Slovenia contains 5 banks.

You have several options for bank account opening in each one of the banks listed below.

Select a bank
Nova Ljubljanska Bank
New Credit Bank Maribor
Abanka Vipa
SKB
Gorenjska Bank