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Foreign direct investment in Chile increases by 64% to USD 10.325 Billion in the first ten months

In October, the net inflow of foreign direct investment reached USD 850 million. At USD10.325 billion, foreign direct investment (FDI) in Chile in the first ten months of this year represented an increase of 64% on the same period last year and was in line with its performance over the past five |years (an average of USD10.584 billion for 2015-2019). According to the Central Bank of Chile, there was a net inflow of USDv850 million in October. The figure reflects a high level of equity contributions, which reached…

Chilean Accounting and Tax Compliance Requirements

The legalities for running a business in Chile are similar to those of other Latin American countries. However, there are a few differences concerning taxes, documentation, and licensing that are important to note in your research of Chilean business practices. Tax Rates Chile has four main taxes: Value Added Tax (VAT), Stamp tax, Customs duties, and corporate and personal income taxes. Other tax rates and rules are listed below: The Corporate income tax rate is 20% on worldwide income and capital gains There…

Analysis: Foreign Direct Investment in Chile – On the OECD path

In response to the changes underway in Chile, and the subsequent need for improved tools and skills for attracting foreign capital, on 16 June President Michelle Bachelet enacted the new Framework Act for Foreign Direct Investment, thereby replacing the previous legal instrument, Decree Law 600, dating from 1974. Chile is an attractive country for investors, as shown by the growth in Foreign Direct Investment (FDI) over the last ten years. During this period, FDI has risen from US$7.2 billion in 2004 to more…
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