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Chile

Chile Flag

Country: Chile
Region: Americas
Currency: Chilean peso (CLP) ($)
Languages: Spanish
Time Zone: UTC -4 to -6

Phone Code: +56

Communications: Good

Formation Cost: 6000 - 6800 USD$
Formation Time: 5 - 11 days
Maintenance cost: 3400 - 4800 USD$

Executive Summary: Chile is formed of a long strip of land running down the western coast of the southern half of South America for a length of 6,400km. It has a diverse range of climates and landscapes, from scorching desert in the north to cool and damp regions in the south. The fertile central valley is conducive to agriculture, particularly wine making. The population of 17.2m has Spanish as its official language. Chile has a market-oriented economy characterized by a high level of foreign trade. The country currently has 22 free trade agreements covering 60 countries, including the United States, the EU, China and India. It is also taking part in talks for an expanded Trans-Pacific Partnership trade agreement. Exports account for approximately one-third of GDP, with commodities making up some three-quarters of total exports. Growth averaged almost 5% per year from 2003 to 2012. Concessionary tax regimes are available to certain primary industries, while fiscal privileges are granted in Chile’s free zones.

Suitable for: Wealth Management, Treasury Management, Insurance, Fund Management, Shipping, Yachting, Trading Goods
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited liability companies, branches, sole proprietorships, general partnerships and limited partnerships

Capital primary business districts: Santiago

Good Relationships: Australia, Canada, China, Germany, Netherlands, Switzerland, United States

Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Moderate

Headline tax rates: CIT 20%, PIT 4%-40%, VAT 19%

Treaty Jurisdictions: Australia, Belgium, Brazil, Canada, Colombia, Croatia, Denmark, Ecuador, France, Ireland, Korea, Republic of, Malaysia, Mexico, New Zealand, Norway, Paraguay, Peru, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Thailand, United Kingdom

TIEA Jurisdictions: Guernsey

Information Links:

 

 

 

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