Chile is one of the 35 countries in the world where opening a business takes the least time. According to the World Bank’s Doing Business 2018 ranking, setting up a company in Chile is quicker than in, for example, the United States.  

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%.

As of December 2017, Chile had a labor force of some 8,977,000 people. Unemployment is low and 215,000 professionals graduate each year.   

Persons domiciled or resident in Chile are liable to taxation on income from any source, whether in the country or overseas. 

The state of Chile supports economic activities, entrepreneurship, innovation and the competitiveness of all companies, regardless of their origin, through special norms and benefits that are available to companies legally constituted in the country. 

Chile has signed 26 trade agreements covering a total of 64 markets, which account for 64.1% of the world’s population and 86.3% of global GDP.

Under Chilean law, all persons have the right to request that holders of their personal data rectify incorrect data and eliminate data that has expired or whose storage lacks a legal source.

In 2017, 45,000 applications were submitted for the registration of trademarks in Chile, of which over 13,500 were presented by foreigners. Similarly, out of the 2,877 applications presented for the registration of commercial patents, 2,462 were submitted by foreigners.

In general, all economic sectors in Chile are open to the private sector and foreign capital can account for up to 100% of a company’s equity, albeit with some exceptions.

Chile’s environmental policy seeks to harmonize the implementation of investment projects and job creation with protection of the country’s natural resources, its flora and fauna and the quality of life of its people.