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How does Chile’s measure land values using different currency mechanisms ?

Chile measures land values using different currency mechanisms This post introduces a modern example of medium-unit divergence: the Chilean peso and Chile’s Unidad de Fomento or UF Like most modern currencies, the peso is issued by the nation’s central bank, the Banco Central de Chile. Local banks offer peso-denominated cheques and savings accounts. Chileans use these pesos as the nation’s medium of exchange. They pay their bills with pesos, settle rent, and buy food. The differences between…

Horticultural Opportunities in Latin America

In Latin America, between forests, high mountains, mountain ranges and deserts, arable farmland is not necessarily abundant, particularly when adding pressure from urban growth and a lack of water in many agricultural regions. The problem of land scarcity lies in its distribution, sustainability, and climate change, which will require better management of irrigation, logistic chains, and food storage, such as applied technology, so that productivity and yields per hectare do not drop. Therefore, it is possible…

Why buy farmland in Chile in 2022?

We have written before about why investments in agriculture seem like a no-brainer, given the fundamentals of supply and demand. Owning farmland can be comparable to owning physical gold, but it also gives you a good income. Thus you should buy as much of it as possible if the price is right. Farm soils in Chile are incredibly fertile, and the price is right.  Highly dairy farms or productive farmland run between USD 12,000 and USD 17,000 per hectare. By comparison, farmland in New Zealand can cost USD 22,000…

Chile decisively rejects the proposed new leftist constitution giving a sigh of relief to the middle and upper classes.

Chileans rejected a new constitution in a referendum on Sunday, dealing a blow to a three-year campaign to overhaul politics and temper free-market policies that made the deeply unequal society an investor darling. With 48 per cent of the ballots counted, 62.6 per cent voted against a proposed charter drawn up over the past year by a popularly elected convention, compared with just 37.4 per cent for its approval. Chilean markets are likely to rally on Monday (Tuesday AEST). While polls had anticipated that…

Chile to vote on Sunday to overhaul its constitution with radical changes or not

The proposed draft aims to replace the current constitution, first written during the Augusto Pinochet dictatorship (1973-1990), but despite several successive reforms – is still considered an obstacle to what the left sees as necessary social changes. Education, health care and pensions are still in the hands of the private sector. But despite an overwhelming majority of Chileans – close to four-fifths – voting previously to rewrite the constitution, opinion polls suggest the new document will be rejected.…

Globant announces US$40 million investment in Chile

The Argentine technology company, which recently inaugurated its new building in Santiago, will invest US$40 million over the next three years and plans to hire more than 500 employees in 2023. At the inauguration of its new building in Santiago, technology company Globant announced that it will strengthen its presence in Chile with a US$40 million investment over the next three years. The firm will also hire 500 new employees, who will join its current workforce of more than 1,300 employees in the country. …

Investor Warning – stay away from the area of Chile that is a hotbed of indigenous unrest -Araucanía and  Biobio

The Región de la Araucanía covers around 31,842km2/12,294mi2 of land in south-central Chile, seen as the gateway to the country’s southernmost regions. It is bordered by the Región del Biobío to the north and the Región de Los Ríos to the south, with the Pacific Ocean to the west and the Argentinian province of Neuquén to the east, demarcated by the presence of the Andes Mountains. This south-central region of Chile is breathtakingly beautiful. There are…

Foreign direct investment in Chile hits a record high in 2021

The Chilean Central Bank has released a revised version of its preliminary figures, showing that FDI increased 66% compared to the first half of 2020 to reach US$13.7 billion. This is an all-time high for the January-June period and is 98% above the historic average (US$7 billion).   Foreign Direct Investment, FDI, in Chile during the twelve months of 2021 reached US$ 16,782 billion, the best amount since 2015, according to the Central bank which added it represented a 95% increase over 2020. Overall it…

Chile to attract US$1 billion in Green Hydrogen investments

Foreign investment has been key to developing green hydrogen in Chile. Initiatives promoted by Enel Green Power, Linde, ENGIE, Air Liquide, GNL Quintero and CAP have been chosen for co-financing support by Chile’s Economic Development Agency, CORFO, with the goal of speeding up the development of the industry in our country.  CORFO has chosen six of the twelve proposals presented in the first call for applications to develop green hydrogen production plants in Chile. The goal is to…

Just how radical will the new President Gabriel Boric, Chile’s new president, turn out to be?

Many potential investors both local and foreign have been concerned then shocked at the unfolding swing left of Chilean politics with the results of the recent presidential elections. In many ways, it is mirroring US politics which also divided between the almost communist left of the Democratic Party to the anarchist side of the Republican Party.   In light of this, we have been searching for feedback from middle-class Chileans of whom my opinion I trust to where Chile might be headed politically and more…

Bloomberg’s pessimistic outlook of Chile’s once shining future

For decades, Chileans watched from afar as their South American neighbours grappled with galloping inflation, financial crashes, and extreme political swings, destabilizing forces that compelled the wealthy to send hundreds of billions of dollars to havens in Switzerland, the Cayman Islands, or the U.S. But now, the long-stable Andean nation is getting a taste of that turmoil. A mix of social upheaval plans for a new constitution, and the most polarized election in recent memory is sapping Chileans’ faith…

Chiles Foreign investment up 73% in the first nine months of the year

InvestChile Managing Director Andrés Rodríguez highlighted that the US$13.8 billion registered between January and September is 62% higher than the amount received during the whole of 2020. Significant foreign direct investment (FDI) figures have been recorded for Chile in the first nine months of the year. In the January-September period, the country received a total net flow of US$13.8 billion, which represents an increase of 73% compared to the same period in 2020. The Chilean Central Bank revised and…

FOREIGN INVESTOR’S GUIDE TO CHILE

A STEP-BY-STEP GUIDE TO INVESTING IN CHILE LAST UPDATED ON OCTOBER 2021 Content CHAPTER I: FOREIGN INVESTMENT PROTECTION CHAPTER II: INVESTMENT INCENTIVES CHAPTER III: SETTING UP A COMPANY IN CHILE CHAPTER IV: THE TAX SYSTEM CHAPTER V: FOREIGN TRADE CHAPTER VI: ENVIRONMENTAL ASSESSMENT SYSTEM CHAPTER VII: IMMIGRATION REGULATIONS CHAPTER VIII: LABOR LEGISLATION CHAPTER IX: SOCIAL SECURITY CHAPTER X: INTELLECTUAL PROPERTY CHAPTER XI: PERSONAL DATA PROTECTION AND PRIVACY CHAPTER XII: CONSUMER PROTECTION CHAPTER…

The challenges Chile poses to Chinese investors

Considering the huge potential for FDI flows from China, it is important that the different Chilean and Chinese public and private institutions continue to work together to identify opportunities and challenges, thereby facilitating the arrival of more Chinese investment in Chile.   China is Chile’s foremost trading partner and in recent years Chinese investment in Chile has also become of increasing importance. That said, there are still barriers to further increasing China’s foreign direct investment…

Foreign direct investment in Chile hit a record high in the first half of 2021 

The Chilean Central Bank has released a revised version of its preliminary figures, showing that FDI increased 66% compared to the first half of 2020 to reach US$13.7 billion. This is an all-time high for the January-June period and is 98% above the historic average (US$7 billion).   Foreign direct investment (FDI) is going through a particularly dynamic time in Chile. According to figures released by the Chilean Central Bank, which revise a prior report issued on August 9th, the cumulative net FDI inflow…
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