Once the Colombian entity is incorporated, the next step is to open the bank account. This is often the most frustrating part for foreign companies given how easy it can be to open a new bank account in other parts of the world. We have provided a fact sheet to help companies understand the most important questions that arise during the bank opening process.
Full storyAlthough they have existed for decades, employee stock options are a new concept for many Chilean companies, startups, and employees. The tide is changing though. There is increasingly more interest from foreign and local companies who are wanting to provide their Chilean employees with stock options.
Full storyChile is advanced in many areas but the banking industry is still very conservative and does live up to the expectations that foreigners have. It is by far the most difficult part of getting your company operational. We provide some practical tips to help companies improve thier banking relationships.
Full storyIt has been 18 months since the digital service tax was implemented in Chile. The Chilean tax office has recently released an update on the amount of taxes that has been collected since it started. Check out our post this week to find out how much.
Full storyForeign companies who establish a subsidiary in Chile need to decide on how they will fund the new operation. We provide some practical details that are important for companies to consider on funding the entity using debt and/or equity.
Full storyTransfer pricing poses a significant risk to companies who are operating internationally since many countries are looking at these arrangements to ensure that profits are not being shifted to lower tax jurisdictions unfairly. It is important that companies understand how transfer pricing works in every country they are operating in.
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