Companies that enter Chile tend to start up by sending a trusted employee to set up the Chilean company and represent their parent entity. These employees are often granted powers to act on behalf of the parent company and of course its Chilean entity as General...
Chile’s national irrigation commission (CNR) has launched three tenders to develop irrigation solutions for small farmers, in a country ravaged by a five-year drought. Each tender involves improving irrigation through more efficient water usage, CNR said in a...
Does Chile have a strong system of intellectual property rights? We are all aware of the growing importance of protecting intellectual property rights (IPR), not only to abide by international and domestic law, but also to support and foster innovation and...
Tax Expenses: What types of expenses does Chile’s IRS allow a company to deduct from its financial profit (gross income)? It is common knowledge that companies must only pay taxes from the profit forming part of its taxable base and that which they have made during a...
ZONA FRANCA – TAKING ADVANTAGE OF IT – THAT IS, DEFERRING THE 19% Companies must pay 19% IVA (VAT or GST) on all imports to Chile. When bringing imports into the Iquique Tax Free Zone, that is, the ‘Zona Franca De Iquique’, companies can defer payment of this tax....
Improvements to the Chilean Bankruptcy Legislation Keeping viable businesses operating is among the most important goals of bankruptcy systems. A firm suffering from bad management choices or a temporary economic downturn may still be turned around. When it is, all...
