Chilenian laws and practices do not discriminate against foreign investors, who enjoy the same conditions as local investors.
Acquisition of Holdings
A majority holding interest in the capital of a local company is legal, as long as Chilean procedures and agreement formalities are respected. Some sectors may have restrictions, such as maritime transport, nuclear energy and mining.
Obligation to Declare
InvestChile, the Agency for Foreign Investment Promotion, carries on a pro forma screening of potential investments and provides information on the authorisations necessary for business implantation. Investors should be aware that the economic activity they plan to develop in Chile may be subject to special permits or requirements. These vary depending on the nature of the activity and include health, environmental and municipal permits.
Foreign investors must obtain specific authorisation to invest in certain strategic sectors, such as exploration and exploitation of hydrocarbons, mining or the production of nuclear energy. In fact, the Constitution establishes the “absolute, exclusive, inalienable and permanent domain” of the Chilean state over all mineral, hydrocarbon, and fossil fuel deposits within the national territory; but the government is allowed to grant concession rights to individuals and companies for exploration and exploitation activities.
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