Set Up Business In Chile Due To The Nation Having The Right Ingredients To Success
Are you looking for a refreshingly open business culture? One that is ambitious? A country with less bureaucracy than a lot of other Latin American cities? Then the country that you’re looking for to expand your next business venture in is Chile. Why set up business in Chile? A country with a healthy, stable economy that is going strong, the government of Chile is addressing the entrepreneurship initiatives to position Chile as among the top places in the world that entrepreneurs want to come and form a business in.
With its affordable cost of living and vibrant culture that is tech-savvy, Chile is an entrepreneurs dream come true, especially for start-up companies. Here are some of the benefits you stand to gain when you set up business in Chile:
The Modern Infrastructure
With wonderfully warm days and cool nights, Chile has that California vibe going for it. Chile’s modern infrastructure is outstanding, possibly one o the most Americanized countries in Latin America. With the highest road quality, sea ports, bridges and public transportation, Chile has among the best infrastructure systems in this region.
The Transparent Government System
The government of Chile is transparent, making it easy for entrepreneurs to form a company in Chile with ease and peace of mind. The tax system in the country is a lot easier to navigate compared to the other neighbouring Latin American countries.
The rate of corporate tax in Chile is among the lowest, according to the Organization for Economic Co-Operation and Development (OECD). Chile also happens to be the only Latin American country in the OECD.
Affordable Place to Live
The cost of living in Chile is much more affordable, from housing to food, and even running a business.
A Dynamic Country to Setup Business
Chile is a country that is growing dynamically, and entrepreneurs will find excellent prospects when they are looking. You can register and set up business in Chile 3 to 45 working days, with no start-up capital required. The government has incentives for the training and development of employees. Also, within the population of Chile, 99% of the workforce is literate.
Minimal Market Corruption
Out of all the countries in Latin America, Chile is the least corrupted market and among the top 20 countries in the world. According to the Heritage Foundation (2014), Chile is among the top 10 freest economies in the world.
With its double tax treaties with 28 countries (among them South Africa, Switzerland, US, Australia, Canada), low corporate tax rates, and exemption of exports from duties and VAT, Chile is your next business destination to set up a business.