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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