This isn’t to say that doing business in Chile is a walk in the park, of course.
Doing Business in Chile? Keep These 6 Things in Mind: eAskme |
1. Chile’s Economy Is Disproportionately Resource-based
By contrast, despite growing by leaps and bounds in recent years, the service sector remains underdeveloped in comparison with fully mature North American economies.
2. Meeting Etiquette Is a Little Different in Chile
3. Chile Is Vulnerable to Energy Market Volatility
As noted, Chile’s natural resources sector is vibrant — with one exception.The country’s oil and gas industry is underdeveloped, leaving it vulnerable to global energy price volatility and supply chain issues.
When the price of oil rises, Chile’s economy suffers.
4. Personal Connections Matter in Chile
To some extent, “it’s all about who you know” rings true everywhere.But it’s particularly noticeable in Latin America, where personal and familial connections open doors.
Find the right local fixer and you’ll go far here.
5. It’s Easier to Launch a Startup in Chile Than in Most Other Latin American Countries
Chile’s deference to status and personal connections hasn’t sapped its startup scene, which is among Latin America’s most vibrant.If you’re looking to open a South American office for your early-stage enterprise, or seeking greener pastures for your first branch, you’re on the right track here.
Are You Ready for Your Chilean Debut?
Breaking into the Chilean market is a little tougher than opening your first outlet in, say, California.As this list makes clear, first-timers need to keep an awful lot straight if they want to have a fighting chance at success in Chile — and that’s all the more true for entrepreneurs and professionals with limited prior international business experience.
A lot is riding on your efforts here; you’ll be happy you took the time to prepare.
You have questions? Share via comments.
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