In this area of our practice, we provide advice to foreign companies that are interested in doing business in Chile or entering into a joint venture with local companies.
This includes determining which legal vehicle is the most appropriate and advantageous, ranging from an agency or permanent establishment to the incorporation of a specific type of company (whether a limited liability company, a corporation or a joint stock company). This may even involve incorporating several entities structured as a group of companies. We advise clients on applicable contractual arrangements and shareholders/partners agreements, and we evaluate the most appropriate tax alternatives on the basis of local regulations and any applicable Double Taxation Agreement, and see how to maximize benefits under the Free Trade Agreements signed by Chile. We recommend the foreign investment regimen available or most convenient, taking into account any Bilateral Investment Treaties that may exist with the country of origin of the investment.
Our advice in this area includes the preparation, submission and monitoring of the applications for certificates of foreign investor at the Foreign Investment Promotion Agency (Agencia de Promoción de la Inversión Extranjera), the compliance with applicable foreign exchange regulations with commercial banks and the Central Bank of Chile, the preparation of the documents and applications for mandatory registrations in Chile with tax and municipal authorities, and the representation of foreign investors before the Foreign Investment Promotion Agency, other regulatory agencies and the Central Bank of Chile.