Chile: The Gateway To Latin America For Australian Business

Chile is well known as a regional favourite for Australian businesses looking to make their first moves into the Latin American market. Though the region overall is showing signs of impressive growth and a number of regional powers are emerging, Chile remains a firm favourite for Australia’s ambitious companies. Strong bilateral connections, close geographic proximity and similar economic strengths make Chile an ideal destination for Australian entrepreneurs. Chile: A Top LATAM Investment Destination Chile…

Chilean Agricultural in 2023

image of a Chilean Vineyard
Introduction Chilean agriculture is a diverse and dynamic sector that has grown rapidly over the past few decades. The country has an ideal climate for producing various crops, including fruits, vegetables, wine grapes and other specialty products like olives and nuts. It also boasts some of the most fertile land in South America, which is located along Chile’s narrow coastal strip between two mountain ranges (the Andes Mountains on one side and Patagonia on the other).Chilean farmers produce more than…

Foreign investment reaches US$4.68 billion in the first two months of 2023

Chile’s Central Bank reported that foreign direct investment (FDI) inflows reached US$4.68 billion to February 2023, an increase of 46% compared to the first two months of last year. According to an analysis conducted by InvestChile, foreign investment in the first two months of 2023 was 10% higher than the historical average over the last five-year period (US$4.26 billion). In February, FDI inflows to Chile reached US$3.00 billion, considerably above the average monthly FDI inflows of US$1.83 billion over…

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 to Buy Property in Santiago de Chile

Over recent decades, the housing market in the Chilean capital Santiago has seen steady growth amid a generally high level of prosperity in the country, making it one of the most lucrative real estate markets in Latin America. As such, a popular choice among investors is to buy property in Santiago, including as a potentially profitable alternative to renting among those whose primary intention is to incorporate a company in Chile or otherwise do business in the country unrelated to real estate. Chile boasts…

Why Californian nut growers are moving to South America

Almonds, walnuts, and pistachios are making bank in the Golden State—but the groundwater supply is paying the price. California has entered the age of King Nut: The state produces more than 80 percent of the world’s almonds, and roughly 30 and 40 percent of the world’s pistachios and walnuts, respectively. Most of the production takes place in the Central Valley, a swath of farmland in California’s midsection. A single almond requires 3.8 litres of water to grow—bad news in the midst of…

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…

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…

Chile Investor’s Guide: Visas and foreign citizens

Chile has become South America’s “talent magnet”. According to official figures, applications for temporary work visas increased by 381% between 2005 and 2016 while, in the case of visas subject to a work contract, the increase reached 206%. In general terms, five types of visa are issued by Chile: Tourist Visa, Visa Subject to Work Contract, Temporary Residence Visa, Student Visa and Permanent Residence. In addition, a fast-track Visa Tech program is available for overseas professionals…

Investing in Chile: FDI Hits Historic Record

Investing in Chile has hit a historic record in 2021, with $13.72 billion of foreign direct investment (FDI) entering the country in the first six months of the year — a 66% increase on the same period last year. That figure far exceeds the $8.23 billion that entered the country in the entire of 2020 and represents the highest level of FDI witnessed in a six-month period since current recording methods began in 2003 (all figures in USD). The record was announced by Chile’s central bank and offers just the…

Tax Filing in Chile: What You Need to Know

If you are looking to enter the Chilean market, or already do business there, it is worth having an understanding of tax filing in Chile. Because while it is highly likely your tax affairs will be handled by corporate accountants in Chile, having a grasp of the requirements needed to remain in good standing with local authorities will be beneficial to your business. Chile is a prosperous high-income country, as highlighted by its gross national income, which reached $24,140 (all figures in USD) in 2019, after three…

Chile heads into 2021 with a stronger economy but more political uncertainty.

Chile appears to be heading towards a period of political turmoil, accompanied by economic strength. It’s a credit to Chile’s institutional solidity that the sometimes-violent protests of October 2019 have now been channelled into a peaceful, democratic process. The result of the October 2020 referendum was never in doubt, but the margin of victory was greater than expected with 78% voting in favour of a new constitution. Political divisions For investors that vote signals the start of a two-year period…

5 Tips for business success for US companies in Chile

As one of the world’s most entrepreneurial nations, there are ample business opportunities for US companies in Chile. Chile and the US have maintained a strong commercial relationship dating back to 1918. In 2019, both countries celebrated their 100th anniversary of the Chilean-American Chamber of Commerce. This longstanding and mutually beneficial commercial relationship has fostered strong connections between the 2 countries. For decades, Chile has modelled its economy and institutional foundations on…

What You Need to Know Before Exporting to Chile

Chile’s importance to USA trade Situated along more than 2,600 miles of South America’s west coast, Chile is a very strong trade partner and export market for American companies. In fact, 100% of U.S. exports enter Chile duty-free, making doing business with Chile very appealing. The U.S. is Chile’s second highest trade partner, ranking only behind China. Watch the video brought to you by the U.S. Commercial Service to get a better taste of what business opportunities lie in Chile. Contact the Gateway…

New Legal Framework for Foreign Direct Investment in Chile

On 1 January 2016, the new legal framework for foreign direct investment in Chile (the “New Law”) was enacted to replace the Decree Law 600 ( ̈DL 600 ̈) that has been in place since 1974. DL600 regulated the entry of foreign capital as investments into Chile. It provided investors with guaranteed certainties, rights and certain tax advantages. Individuals, legal entities or Chileans residing abroad could bring funds into Chile under this regulation. It was utilised by a wide range of industries but was…
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