CHILE
Startup
at the edge of the world

CHILE
Startup
at the beginning of the world

GROWTH
Chile´s GDP growth from 2005
to 2012 at an average annual
rate of 4.6%, according to the
Central Bank of Chile.
In 2010 Chile became the first South
American member of the
Organization for Economic
Cooperation and Development
(OECD).

ATTRACTIVE
LANDSCAPES
With over 4,000 miles
of coasts, the driest
desert in the
world, islands, forest,
lakes, rivers and
especially the Andes
range, Chile is one of
the most diversified
countries in natural
landscapes in South
America.

SAFETY
Chile is the 2nd most
safe country in South
America according to
the Global Peace
Index.
In the World, Chile is
the 31th.
www.visionofhumanity.org

FUN CITY
Santiago: Chile's capital
city is cosmopolitan, the
financial, cultural, and
political center of the
country.
There are thousands of
places to visit: historic
buildings, modern
architecture, parks, mus
eums, etc.
Nightlife is great!

RESOURCES
• Chile's modern telecommunications
infrastructure stands out in the region.
• Competitive costs and skilled
professionals are some of the
advantages that Chile offers to foreign
companies settled in the country.
• Chilean cities are well-evaluated when it
comes to considering conditions for
doing business and costs of
transfers, among others.

TAXES
•
Business income tax (1st cat): 20%
•
Individual income tax (2nd cat or comp): max 40%
•
General tax on payments abroad: 35%
•
License fees: 30%
•
Advisory services: 30%
•
Interests on loans from authorized banks: 4%
•
Interests on loans from non-authorized financial
institutions: 35%
We are completely competitive (BIT):
Argentina: 35%
Peru: 30%
Brazil: 34%

CORPORATE
LAW
• Sociedad Anónima (SA) or Corporation
• Sociedad por Acciones (SpA) or Stock
Company
• Sociedad de Responsabilidad Limitada or
Limited Liability Company
• Empresa Individual de Responsabilidad
Limitada (EIRL) or Individual Limited Liability
Company

COST OF LIVING
Per month in USD, per person:
• Housing
:
400 to 600
• Utilities
:
200
• Grocery
:
200
• Communications
:
60
• Public Trans.
:
80
• 1 coffee
:
2
• 1 diet coke
:
1,5
• Big Mc
:
6
Others (average):

ENTREPRENEURIAL
ECOSYSTEM
Supporting institutions
• Incubators
≈ 24
• University Programs
≈7
• Innovation centers
≈7
• Government Agencies & Programs
≈ 23
• Entrepreneurial Committees
≈ 19
• NGO and Associations
≈ 33
• Contests
≈ 15
Source: http://www.andesbeat.com

Start-Up Chile is a
governmental
program to support
foreign entrepreneurs
with 40,000 USD* per
project.
*:http://startupchile.org/about/the-program/

Why not?

Questions?

Eduardo Reyes
eduardo.reyes.b@me.com
+1 786 340 3309
skype: edoreyes
www.linkedin.com/in/ereyes

Co-created by
Josefa Villaroel
Manager Garage UAI at Universidad Adolfo Ibáñez
josefavillarroelm@gmail.com
Sebastián Lagunas
NOVARYS and NETUP cofounder
sebastian@onebiz.cl
Alejandro García
Entrepreneur and EMPRENET and NETUP cofounder
contacto@controlsigma.cl
José Ortiz Acevedo
Led La Liga del Diseño
jose.ortiz.design@gmail.com
Ury Sarabia
Startup Essentials + Founder at #EEAA
ury.sarabia@gmail.com
Cristián Zambra
Entrepreneur and Manager at INDS
czambraa@gmail.com

Testimonials
https://www.youtube.com/watch?v=1CL
efAQCsSk
https://www.youtube.com/watch?v=Gl5
3FKXsdsg

References
1. http://ww.emprenet.cl
2. http://startupchile.org
3. http://www.corfo.cl
4. http://asech.cl/contenidos/
5. 10 Reasons to do business in Chile (Sergio Silva Alcalde)
6. Doing business in Chile (KPMG)
7. Doing Business in Chile (PWC)
8. Making it happen in Chile (AndesBeat)

Meetings
Dozens of weekly entrepreneurial meetings

Interesting
CORPORATE
LAW
Highlights:
• 30 days if the founders are in Chile.
• More if they are represented by proxy: Notariza
Legalization.
• Costs in Chile depend on the capital; a reasonab
average is USD 1,000.00 excluding legal fees.

Interesting
SOCIAL
SECURITY
Private Health is a little expensive but it’s works
• Pension plan: Contribution 10% salary +
commission established by the fund (average
2.6%)
• Health Care: Contribution 7%; max. 70 UF
• Unemployment: 2.4%
• UF: Unidades de Fomento (1 UF = 40 USD)

Interesting
GOVERMENT
SUPPORT
Chile’s Government offers investment incentives and
governmental programs to those who are interested
in investing in the country.
• http://www.corfo.cl
• http://www.ciechile.gob.cl/en

Interesting
ENTREPRENEUR
ACCOUNT BANK
You can open an Debit Card