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...
With the growing rate of business between Australia and Latin America, many Australian businesses are choosing to incorporate wholly owned subsidiaries in Latin America. Establishing Latin American subsidiaries allows parent corporations to secure foreign economic...
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...
