Business And Law An Important Part Of The Regulation Of...

Business and Law in my country Haiti Student X University of the People BUS 3305 Introduction Law is an important part of the regulation of all system; it intervenes in every domain. In this essay we will try to show three ways law affects business in my country, Haiti, we will also try to describe the nature and source of the law involved, and describe impacts of the law on business (both positive and negative), and suggest ways that the law could be improved. By studying this legal environment of business it will help us understand how to reduce liability risks and identify the links between business and the law. Three ways in which the law affects business in my home country. Describe the nature and source of the law involved, give†¦show more content†¦However, the foreign investor who resides in Haiti must obtain a residence permit. Reasons for the law The State wants the Haitian investor and the foreign investor to enjoy the same rights and privileges. In order to facilitate local or foreign investments in the country and not to create blockages, the State has sought to facilitate and simplify the investment process in terms of conditions to be met in order to invest in the country. Impact of the law on business (positive or negative) This law arranges on the one hand and deranged on the other hand. To invest in the country, it is likely that the investor becomes owner in the country, which guarantees the right of real estate for the needs of his company. This implies that he has the same rights and prerogatives as the Haitian investor in achieving the main purpose of his business. As a general rule, Haitian law prohibits any foreigner from being a real estate owner. But clearly stipulates that for the needs of the realization of a company the foreigner is authorized there. What is problematic, is that these foreigners become owners of several buildings and own more than one land, sometimes without the knowledge of the state and sometimes with the complicity of the state. It is in this part where this law derange because it serves as a warehouse to possess several lands to worry about falling under the yoke of the law. Ways that the law could be improved We need to make theShow MoreRelatedInfluences of Business Environment Essay1347 Words   |  6 PagesThe business environment is constantly changing as time goes by. There are several factors that affect the aspects of the business environment such as benefits, costs, and risks of conducting business. The type of business, economic, government, and legal influences are major contributors to the business environment, Riordan Manufacturing, Huffman Trucking, Kudler Fine Foods, McBride Financial Services, The Elias Group, and Smith Systems are business that are affecting by those influences. 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