Since February 1st, the Agreement to Prevent Double Taxation between Chile and the United States came into force, and in just one month of validity, commercial operations have increased in a significant percentage between both countries.

Today Chilean companies are the most competitive in South America to do business in the United States, enjoying reduced tax rates where previously as a general rule they were affected with 30% by U.S. internal regulations, where today the rates are between 0% to 15% in most cases.

Chile today is an ideal scenario for foreign companies that want to invest or do business in the USA, where such foreign companies have all the facilities that Chile provides to set up holding companies or investment companies here.

Not only Chile offers the advantage of being able to do business with the USA, but also in South America Chile is the country with the most Double Taxation Avoidance Agreements, with a total of 28 agreements in force: Australia, Belgium, Brazil, Canada, Colombia, Croatia, Denmark, Ecuador, France, Ireland, Korea, Malaysia, Mexico, New Zealand, Norway, Paraguay, Peru, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Thailand, India, Netherlands, United Kingdom, United States.

Javier Molina Marín, lawyer from Auren Chile