Slideshow Image 1 Slideshow Image 2 Slideshow Image 3 Slideshow Image 4

 

 

Background | Mining | Reports

Reports

KPMG has conducted a detailed study about ‘Doing Business in Chile’. The Top 10 reasons to invest in Chile are:

  1. Dynamic Economy          

In 2010, Chile’s GDP expanded by 5.2% while per capita income reached its highest l in eight years, this despite Chile suffering the sixth largest earthquake ever recorded.

The IMF estimates Chile’s GDP will reach $222,788 million in 2011, a 6% increase over2010. The World Bank anticipates that Chile will grow by 5.8% in 2011 and 5% in 2012.

  1. Attractive Business Environment            

Chile has an attractive and dynamic business climate.

It is the first country in Latin America and 10th among 179 countries worldwide for economic freedom, according to the Economic Freedom Index 2010.

And Chile is first in Latin America and 15th among 82 economies worldwide for its business friendly environment, according to the Business Environment Ranking 2010-2014.

  1. Tax-friendly      

Taxes in Chile are the lowest in Latin America and well below many European countries. Chile has one of the lowest corporate income tax rates worldwide at 17% (temporarily increased to 20% in 2011 and 18.5% in 2012 as part of the country’s earthquake reconstruction pro Chile has bilateral agreements to avoid double taxation with 22 countries including Spain,

United Kingdom, France, Poland and Brazil, and tax treaties with the U.S., Russia and Australia.

  1. Low Risk

Chile is a reliable and safe place to do business.

It is the only nation in Latin America to receive the lowest political risk rating from Aon Corporation, a Chicago-based organization offering risk management services for corporations looking to invest overseas.

Chile’s report card for financial security boasts all As: Standard & Poor’s gave Chile a credit rating;  A+, Moody’s ranked economic stability an Aa3; and Fitch scored the country A.

  1. High Transparency

Chile has a low level of corruption and government efforts are raising standards of ad It ranks first in Latin America and 21st among 178 countries worldwide in transparence administration  to the Perceived Corruption Index.

Eighty percent of the Chilean economy is free. Chile placed 11th out of 179 countries of Economic Freedom World Rankings by Heritage Foundation.

  1. Talented Human Resources

Chile has 61 universities, 43 professional training institutes (giving four-year courses) 11 technical training centers (giving two-year courses).

It is home to three of Latin America’s 10 best business schools, according to a 2010 ranking by AméricanEconomia magazine. Two Chilean universities are classed among t 10  best in Latin America.

  1. Highly Competitive

Chile is Latin America’s most competitive economy.

It is ranked 28th among 139 countries worldwide and first in Latin America in the Glo Competitiveness Index calculated by the World Economic Forum, which also says Chile is “at the forefront of market liberalization”.

Moreover, Chile is ranked 25th out of 59 economies and leads Latin America in competitiveness, according to the 2011 World Competitiveness Yearbook published the Institute for Management Development (IMD).

  1. Cutting-edge Connectivity

Chile has made remarkable progress in connectivity with the involvement of the private sec

In its annual study ranking world innovators, The Global Innovation Index 2011, INSEAD Business School ranked Chile 38th internationally and first in Latin America and the Caribbean four places higher than 2010.

Chile ranked first in Latin America and 30th out of 70 countries globally in e-readiness, according to the Economist Intelligence Unit’s Digital Economy Ranking 2010.

  1. Outstanding Quality of Life

Chile offers a perfect mix of natural beauty, public safety, political stability and modern infrastructure.

In a 2010 report, Newsweek magazine ranked Chile 30th worldwide and the best country to live in Latin America due to its economy, health system and political environment. International Living magazine ranked Chile third in South America and gave it top mar for safety in its 2010 Quality of Life Index.

  1. A Regional Platform

Chile is a good jumping off point for regional operations.             

Chile’s tax system benefits enterprises that administer businesses in other Latin countries. Companies that use Chile as a business platform (e.g. regional HQs administer investments in other countries without paying Chilean income taxes on Profits in  the foreign investments generate. 

You can read the entire report here:

http://www.kpmg.com/CL/es/IssuesAndInsights/ArticlesPublications/Documents/2012-01-kpmg-doing-business-in-chile.pdf

Quick Link
News

Asia's fierce competition for commodities

Anthony Halley | April 4, 2013

Competition for natural resources among Asian nations continues to intensify, bringing the world's most resource-poor continent to a dangerous crossroads of dependence, geopolitical tension and environmental degradation, writes Professor Brahma Chellaney of the New Delhi-based Center for Policy Research in an article for Project Syndicate.

 


Kerry Hall | April 3, 2013

China's largest steelmaker, Hebei Iron and Steel Group, purchased a quarter ownership stake in an iron ore project in Canada's Labrador Trough, reports Platts this week.


US must reform mine permit process to grow domestic rare earth industry: study

Anthony Halley | April 3, 2013

A recent study by the US National Center for Policy Analysis (NCPA) calls on US legislators to streamline mine permit processes and safety regulations in order to bolster domestic rare earth production, which could add $40 billion to US GDP, 3,600 shovel-ready jobs, and could reduce US dependence on Chinese rare earth export