New scenarios for the foreign investment in Chile

Authors

  • Jaime Gallegos Zúñiga Universidad de Chile

Abstract

This document seeks to outline the main elements introduced with law No. 20,848 of 2015, which replaced Decree Law No. 600 of 1974, former Statute of Foreign Investment, which at the time significantly changed the treatment offered to these operations in Latin America. To this end, general considerations will be presented on foreign investment, some facts of their situation in Chile and the main changes that brings the new law, analyzing the recognized rights for foreign investors, institutions responsible for promoting and supporting this flow of foreign resource, and the Strategy for Development and Promotion of the foreign investment. In our view, Strategy Development and Promotion has special importance, which must be well designed, considering the conclusions on foreign and national experiences that have already been given in the matter, in order to better exploit the benefits that could bring this injection of external resources in the national economy.

Keywords:

Direct Foreign Investment, promotion / stimulation, developing countries