Cariola’s main mission is to fully satisfy the legal needs of our clients in any area of the law, through high quality advice provided in a comprehensive, efficient and appropriate manner. With this objective in mind, Cariola’s lawyers propose simple, precise legal solutions, designed for each particular client or case.
Foreign Investment
This area of practice includes general advice for foreign companies interested in conducting business in Chile or implementing joint ventures with Chilean companies.
This process includes determining the most convenient legal vehicle, from the option of having an agency or permanent office, to the incorporation of a certain type of company (limited liability company, joint stock corporation –sociedad por acciones- or corporation –sociedad anónima-) or the establishment of a structure of various companies. We provide advice on the respective partners or shareholders’ covenants and agreements, and evaluate the most appropriate tax alternative considering local legislation, the International Double Taxation Agreements that may be applicable, and the maximization of possible benefits under Free Trade Agreements signed by Chile. Likewise, our advice includes recommendations regarding the foreign investment regime that could be relevant or of greatest convenience, considering the possible application of Agreements for Promotion and Reciprocal Protection of Investments with the country of origin of the investment.
Our advice also extends to the formalities and submittals required before the Foreign Investment Promotion Agency; compliance with international exchange regulations before the respective commercial banks and the Central Bank of Chile; preparation of documents and requests for mandatory registrations in Chile before tax and municipal authorities, and representation of foreign investors before the aforementioned Foreign Investment Promotion Agency, regulatory agencies and the Central Bank of Chile.
