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...
Obtaining a visa for you and your family is a key step to starting a new life in Chile. However, the “visa experience” is not always a pleasant one and the process can be lengthy, complicated and stressful. A lack of understanding of the Chilean legal process...
In March, we outlined changes to the Chilean bankruptcy legislation that will go into effect later this year. These were the first changes since the legislation was lasted visited in the eighties. The legislation has two objectives that are positive for Chilean...
There are occasions in every company when there is a need to terminate an employee for a variety of reasons. Compared to Australia, there are some subtle differences in the way these are handled in Chile. In Chile, it is important to bear in mind that you...
For most new companies entering Chile, the one thing that is taken for granted is the ease of opening a bank account. In Australia, Canada or the UK, you can set up an account with one visit to the bank. These countries make it incredibly easy to set up an account at...
