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.
Foreign 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.
Chile has recorded an impressive economic expansion during the last three decades. Foreign direct investment has been an important part of that growth. Check out our overview of the benefits.
It was previously time consuming and complicated to incorporate a company, particularly for foreign companies that were looking to enter the market. This changed in 2017 when a new corporate vehicle was introduced known in Spanish as Sociedad por Acciones Simplificada (“SAS”).
The USD$1.5b Santiago-Melipilla train project was announced last week. This project will increase ridership by 50 million per year and is part of a larger USD$5 billion “Chile on Rails” investment program.
Codelco has broken ground at the $1.4 billion expansion of the Salvador copper mine, which will extend the productive life of the aging operation by 47 years and increase output by almost 50%
We provide practical tips on some key differences that should be considered when negotiating and hiring employees in Chile. These are common questions that have come up frequently over the years regarding a few key points that that are unique to Chile.
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