If you are operating in the Chilean market or considering launching there, you are going to need to find a good corporate lawyer in Chile.
Because while the South American country is known for its pro-business regime and starting a business in Chile is a relatively straightforward process, your attorney will be able to guide you through the process in the shortest possible time, while also guaranteeing that you remain in full compliance with local corporate law.
Your Chilean lawyer will ensure that you are able to get to work quickly and maintain your company’s good standing with local authorities.
An experienced corporate attorney in Chile will also be able to offer valuable advice on the likes of which entity type best suits your needs, as well as protecting your intellectual property (IP) — be that a brand, product, or trademark.
Should you be interested in additional corporate support, such as recruitment, visa processing, or accounting and tax filing in Chile, you may wish to seek out a provider of integrated back-office services, in order to only have to deal with one third party in the country.
In some cases, such a provider would be able to offer professional employer organization (PEO) services in Chile — essentially a service that entails hiring staff on your behalf.
Investors looking to start a small-scale or short-term operation in a country may find this attractive. They can also avoid the need to set up and then liquidate local entities. It can also be a stop-gap to allow investors to get to know the market better ahead of a potential deeper commitment via company or branch formation in Chile.
If you are interested in market entry and need a Chilean corporate lawyer, read this article to learn more about Chile and what your attorney can do for you. Also, find out how to identify the best one to meet your needs.
Or go ahead and contact us to discuss how we can support you doing business in Chile.
Chile: a prime destination for investment in Latin America
Chile is the fifth-largest economy in Latin America — registering a gross domestic product (GDP) of $283.3 billion in 2019 (all figures in USD) — despite only being the seventh-largest by population.
It is also one of the most prosperous nations in the region, registering a gross national income (GNI) of $15,010 per capita in 2019 to position it as a high-income nation by standards established by the World Bank.
Chile is a global leader in free trade and has a wide network of FTAs (free trade agreements) with key markets all over the world.
It is also a founding member of the Pacific Alliance — a ten-year-old economic integration initiative that also includes three more of the most popular markets for foreign investment in the region — Colombia, Mexico, and Peru — and has ambitions to expand beyond the region.
Chile is well-known for its mining industries. Its largest exports include copper, precious metals, and precious gems. It also has significant fishing and agricultural sectors. Key export products include fish and seafood, fruits & nuts, wood, and wood.
China, the United States of America, Japan, South Korea and Brazil are some of its largest trading partners.
If you are interested in entering the mining sector or any other specialty sector, you will need to find a law firm that can help you.
How your corporate lawyer in Chile will be able to assist you
Some of the ways in which your lawyer in Chile will be able to assist you include:
Decision-making: Your attorney in Chile will have extensive understanding of the corporate legal regime in the country and as such will be able to provide you with ongoing advice on key decisions and potential outcomes when you have different options available.
Risk management: Your lawyer in Chile will guarantee compliance with all corporate law regulations and norms, eliminating the risk of legal inconveniences or financial penalties.
IP protection: Your attorney in Chile will have the knowledge and experience to keep your intellectual property protected, guaranteeing that you will maintain your competitive edge in the market and avoid encroachment from competitors.
Local connections: A well-established lawyer in Chile will have strong connections in the local legal and business communities, which could provide opportunities to you or our company when getting established or after your have begun operations.
What to look for in a lawyer in Chile
When seeking out the services of an attorney in Chile, it will be worth keeping the following in mind:
Specialist legal knowledge: If you are going to be entering certain sectors, such as the extractive industries or import/export, you will need a lawyer in Chile who has the relevant knowledge for that area.
Technological know-how: For investors who will be doing business in Chile while based elsewhere, you are going to want to contract an attorney who uses online packages, platforms, and communication effectively, so that you can properly monitor their work.
Second language proficiency: While it will be essential for your lawyer in Chile to communicate effectively in Spanish, as that is the official language of the country, if you are not proficient in that language, you are going to need to secure the services of someone with a firm grasp of English.
Past client feedback: When choosing your attorney in Chile, you will want to make sure that past customers have been satisfied with the service they have provided, and this can be done by checking feedback online. You can trust that they will provide a great service if they have only a few negative comments but are generally well-respected. However, if they have many complaints or a poor overall rating, it is worth looking at other options.
Biz Latin Hub can provide legal services in Chile
At Biz Latin Hub, our bilingual team of legal services specialists in Chile is on hand to support you every step of the way while launching and operating in this prosperous market. We offer legal services as part of a comprehensive portfolio of corporate support solutions, including accounting & taxation, company formation, hiring & PEO, visa processing, and due diligence, meaning that we can provide you with an integrated package of services to cater to your particular needs.
We also have teams in Latin America and the Caribbean. We offer our services in 18 markets in the region. We are experts in multi-jurisdictional market entries.
Contact us now Contact us to learn how we can assist.
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