The world is more connected than ever, and mining technology and service companies are no exception. As they expand their reach globally, they need to follow their clients to new markets, from a copper mine high in the Andes to the icey cold winters of Northern Canada. When exploring new markets, it’s the classic “chicken or egg” dilemma: You want to see success before committing to the expenses of a local operation, but as soon as you start generating revenue, the risk of being classified as a PE increases.
For foreign companies operating in Chile, understanding how work absences are managed is critical since it can be quite different than other countries. Chile has specific regulations regarding sick leave, vacation time, parental leave, and other types of absences, which must be followed to prevent legal issues.
When companies begin operations in Chile, they often start with a small local team. Given the geographic distance and significant time differences between Chile and head offices located in other countries, local staff often operate with minimal day-to-day oversight. One common oversight in the early stages of incorporating an entity in Chile is neglecting corporate governance. However, the way powers are granted in the beginning can significantly impact the company’s operational efficiency and the protection of foreign shareholders.
Ley Karin came into force on August 1, 2024, establishing a clear legal framework for the prevention and punishment of harassment and violence in Chilean workplaces. The new law creates several obligations for companies that are important to understand.
Brazilian law allows a wide range of activities to be outsourced. While outsourcing offers flexibility to companies and even individuals, it cannot be used to avoid Brazilian employment laws and benefits that are applicable to full-time employees.
All companies and foreign shareholders operating in Brazil require a local legal representative. It is common for foreign companies to not understand the legal representative role and are often apprehensive about providing a power of attorney to a third party. Check out our guide to make sure you get it right.
All companies and foreign shareholders operating in Chile require a local legal representative. It is common for foreign companies to not understand the legal representative role and are apprehensive about providing a power of attorney to a third party. Check out our guide to make sure you get it right.
Santiago
Sydney
Lima