Why do business in Chile?

The economy in Chile is relatively strong, with a sound economic policy and high volumes of foreign trade. Chile is the wealthiest nation in South America.

Because of the 2009 recession the government approved a $4 billion stimulus plan, which has resulted in a recovery of the economy since then. Its capital market is the largest in the region. Private property of its citizens is well protected. Contractual agreements are the most secure in Latin America.

Chile's welcoming attitude toward foreign direct investment is codified in the country's Foreign Investment Law, which gives foreign investors the same treatment as Chileans. Registration is simple and transparent, and foreign investors are guaranteed access to the official foreign exchange market to repatriate their profits and capital. The Central Bank decided in May 1999 on the removal of the 1-year residency requirement on foreign capital entering Chile under Central Bank regulations, generally for portfolio investments.

There are many opportunities for conducting business and investing in Chile. With the opening of European and Asian markets, the export of forestry products, vegetables, fruit, and fish-increased significantly. Chile has also become a leading wine-producing country. Other areas of opportunity and expansion include tourism. Chile, especially its adventure tourism sub-sector, has benefited from the recent boom in global tourism. This services sector, too, has enormous potential for future development.