Chile Geography, Economy, and Culture

Chile is a South American country that borders the South Pacific Ocean, and is located between Argentina and Peru. Chile has a market-oriented economy with high levels of foreign trade, boosted by the country’s strong sovereignty and sound policies. Chile’s economy relies agriculture, industries, and numerous natural resources such as copper that have resulted in strong economic success recently.

Chile’s population, comprised of whites, the non-indigenous and the Mapuche, all enjoy high living standards in one of South America’s most economically prosperous and socially stable nations. Most Chileans speak Spanish and are Roman Catholics by faith. The country’s culture is influenced by a mix of both Spanish and Mapuche traditions.

As one of the longest north-south countries in the world, Chile’s climate is varied with the world’s driest desert, the Atacama, to its north, a Mediterranean climate in its center, a humid sub-tropical one on Easter Island, to alpine and tundra regions in the east and south.

2021
April 2Good Friday
April 3Holy Saturday
April 11Mayors and Regional Governors Elections
May 1Labor Day / May Day
May 21Navy Day
June 28Saint Peter and Saint Paul
July 4Presidential Primary Elections
July 16Our Lady of Mount Carmel
August 15Assumption of Mary
September 18National Day
September 19Army Day
October 11Columbus Day
October 31Reformation Day
November 1All Saints’ Day
November 21Presidential and Parliamentary Elections
December 8Inmaculate Conception Day
December 19Second Round Presidential Elections
December 25Christmas Day
  • SpA (Sociedad por acciones)
  • SRL (Sociedad de Responsabilidad Limitdada)
  • EIRL (Empresa Individual de Responsabilidad Limitada)
  • S.A. (Sociedad Anónima)
  • S.G.R. (Sociedad de Garantia Reciproca)
  • LTDA. (Sociedad de responsabilidad limitada)
  • Corporate Tax: 27%
  • Income Tax (Lowest Marginal Rate): 0% (for monthly taxable incomes not over US$950)
  • Income Tax (Highest Marginal Rate): 35% (for monthly taxable incomes over US$8400)[
  • VAT/GST/Sales Tax: 19%
  • Banco BICE (Commercial Bank)
  • Banco Bilbao Vizcaya Argentaria (BBVA) (Commercial Bank)
  • Banco Consorcio (Commercial Bank)
  • Banco de Chile (Commercial Bank)
  • Banco de Crédito e Inversiones (Commercial Bank)
  • Banco del Desarrollo (Commercial Bank)
  • Banco Edwards-Citi (Commercial Bank)
  • Banco Falabella (Commercial Bank)
  • Banco Internacional (Commercial Bank)
  • Banco Itaú-Chile (Commercial Bank)
  • Banco Paris (Commercial Bank)
  • Banco Penta (Commercial Bank)
  • Banco Ripley (Commercial Bank)
  • Banco Santander Chile (Commercial Bank)
  • Banco Security (Commercial Bank)
  • Corpbanca (Commercial Bank)
  • Deutsche Bank Chile (Commercial Bank)
  • HSBC Bank Chile (Commercial Bank)
  • Rabobank (Commercial Bank)
  • Scotiabank Sud Americano (Commercial Bank)
  • Banco del Estado de Chile (State Bank)
  • Banco de la Nación Argentina (Foreign Bank)
  • Banco do Brasil (Foreign Bank)
  • DnB NOR Bank ASA (Foreign Bank)
  • JP Morgan Chase Bank (Foreign Bank)
  • The Bank of Tokyo-Mitsubishi UFJ (Foreign Bank)

Aadmi can support you with your expansion to Chile. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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