• Localization: The most recent Ease of Doing business report has Brazil ranked 124th out of 190. The country's legislation has simply not kept abreast of current changes resulting in companies facing complex and bureaucratic procedures when seeking to do business.

• Complex tax systems: Brazil is known for having a complex tax system with operators in the market having to take into account various taxes and multiple cascading structures to be paid.

• Opening bank accounts: Requirements include introduction from a local and credit records from the business' bank in its home country. In addition a local representative may also be.

• Foreign currency difficulties: While foreign currency itself is relatively well regulated within Chile, the regulator typically requires cooperation with a Chilean bank in order to do so with written confirmation of the same.

• Complex Law & Regulations: Given extent of the prescribed requirements and regulations within Colombia to carry out businesses new entrants to the market typically encounter difficulty in understanding how the relevant laws and regulations work and consequently complying with these.

• Evolving taxation: Colombia has encountered several tax reforms in the last decade - 8 to be exact.

• Legal Complexities: Survey rated Ecuador as being 77th out of 102 countries indicating a high level of legal uncertainty and risk.

• Tax Complexities: The World Bank estimates that it takes the average business 666 hours per year to do so thus severely reducing efficiency of operational effort.

• Complexities with account opening: Account openings in Ecuador vary widely depending on either or both of the bank and the type of account opened. Typically a local director is required to execute banking tasks on behalf of the business and may at times incur additional fees.

• Legal and regulatory challenges: Legislation in the payment space has been fast evolving over the past few years.

• Highly complex and evolving tax framework: Almost overnight, the Indian government imposed a GST Tax rate of 28% on online digital games.

• Complexities in repatriating funds: Cross-border movement of funds requires comprehensive local reporting especially across travel, education and gaming businesses. This requires specific regulatory approvals in the market.

• Complying with local legislation: Selling goods into the Japanese market requires compliance with what is known as the Specified Commercial Transactions Law.

• Complex taxation: Some studies on the time spent on complying with tax requirements estimate the effort level at approximately 130 hours of management time across potentially as many as 19 different payments required to be made annually.

• Complex entity establishment: Establishing a business in Mexico requires a string of registrations before being able to commence operations. These include for example registering with national and local authorities, having a local legal and tax representative. and returns for payroll, VAT, and corporation tax.

• Transaction authorisation rates: Statistically only 6 out of 10 online card transactions are typically authorized. Given this having a partner with a strong and stable presence and collection capability is critical to ensure successful collections of payments from customers online.

• Tax Complexity: When you're doing business in Mexico you will need a tax representative who is locally present.  The country has been ranked the 4th most complex tax market in the world.

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• Complicated Tax structure: Peru is a market with significant Tax reporting requirements. Ranked third globally for Tax complexity, there are unique requirements such as monthly Tax reporting requirements.
• Lengthy incorporation process and uncertain regulatory framework: Incorporating a company in Peru is known to be a cumbersome process. It takes 3-4 month at minimum to establish a company at its fastest. Making the process more difficult for foreign businesses is the requirement for in person document signing and other such similar requirements.

• Localization, culture and language : Businesses that intend to do business in Korea also need to fundamentally understand and engage with the South Korean consumer in a manner that is unique to the market. Something that Walmart was famously not able to execute in terms of its marketing.  

• Complex regulatory framework : South Korea's tax regulations reflects this - over half of entities in a survey found that the tax collections system was complicated.

• While 95% of South Koreans are banked, offering alternative payment methods in the market is key. This is because unlike other markets a large proportion of cards issued in South Korea are managed by local card. Ensuring correct cards are offered to the local market.