Chile leads Latin America in global competitiveness
Chile’s National Evaluation and Productivity Commission will conduct a new study to assess priority sectoral permits for investment in order to propose substantial improvements in their efficiency, predictability, and stability. The National Evaluation and Productivity Commission (CNEP) received a new mandate from the Government of Chile to analyze priority sectoral permits for investment, identify barriers in the process, and propose efficiency, predictability, and stability improvements. This study aims…
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…
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…
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…
Chilean Hazelnut Production has exploded
Chile is the largest hazelnut producer in the Southern Hemisphere. Hazelnut cultivation covers about 30,000 ha between the region of Maule, the central zone (Talca, Linares, Chillan) and the south zone of the country, including the regions Araucanía, Los Ríos and Los Lagos (Temuco, Valdivia and Puerto Varas with an additional 800-1000 ha being added yearly). Historically this species was introduced in South Chile by European emigrants, mainly Germans, Italians, and Swiss, principally in Araucania, Los Rios…
How to buy a property in CHILE
Any individual or corporate body may acquire and possess real estate in Chile whether or not they are residents. However, there are some restrictions regarding land near the country’s borders. Chile has solid legal protection for property rights, including secured investments in real property. All sale agreements should be notarized before registration. Failure to register a property transfer makes the contract void. The whole process of registering a property can be completed in around 20 to 41 days.…
Understanding Chile’s geographical regions
Chile may have “crazy” geography, but it is also a land of unparalleled beauty, with an incredible variety that has fascinated visitors since the Spanish conquest. Because Chile extends from a point about 625 kilometres north of the Tropic of Capricorn to a point hardly more than 1,400 kilometres north of the Antarctic Circle, within its territory can be found a broad selection of the earth’s climates. For this reason, it is possible to speak of several Chiles geographically. Geographers usually…
The dirty secrets property syndicate managers don’t want you to know!
Property Syndicates have become popular worldwide, but they are not all equal. Each has a defined proposal and time frame (or should have). Here is an Australian analysis showing what to watch out for. I hope to enlighten potential investors about the tricks used by property syndicate managers to ‘window dress’ their performance. Some of these tricks can be backed out, and where possible, I have provided the math below. Before we begin, let’s define and recap the role of Index Funds ( REIT). Index Funds…
Chile Investors need a RUT Tax Number
Chile Investors need a RUT Tax Number There are two types of numbers commonly referred to as a “RUT” in Chile. A temporary RUT for foreigners is only a tax payer ID number. Another type of “RUT” (sometimes called RUN) is for Chilean citizens and Chilean Residents. The permanent RUT for citizens and national is a national ID number, similar to a Social Security Number in the United States, and is used for passports, tax issues, ID, and many other things. Companies are also issued “RUT” numbers…
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. …