Startup in Chile

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Information about Startup in Chile
Business & Mgmt

Published on March 4, 2014

Author: edoreyes



This presentation gives to entrepreneurs an approach of Chile as a platform to startup.

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.

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:

Start-Up Chile is a governmental program to support foreign entrepreneurs with 40,000 USD* per project. *:

Why not?


Eduardo Reyes +1 786 340 3309 skype: edoreyes

Co-created by Josefa Villaroel Manager Garage UAI at Universidad Adolfo Ibáñez Sebastián Lagunas NOVARYS and NETUP cofounder Alejandro García Entrepreneur and EMPRENET and NETUP cofounder José Ortiz Acevedo Led La Liga del Diseño Ury Sarabia Startup Essentials + Founder at #EEAA Cristián Zambra Entrepreneur and Manager at INDS

Testimonials efAQCsSk 3FKXsdsg

References 1. 2. 3. 4. 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. • •

Interesting ENTREPRENEUR ACCOUNT BANK You can open an Debit Card

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