The ISO code of Chile is CL according to the ISO 3166 standard. The local name of the country is the same as its English name. Chile capital city is Santiago. People in Chile speak the Spanish language. On 18 September 1810, Chile emerged as a sovereign political entity. In the year 09/18/1810, Chile emerged as a sovereign political entity. The largest cities in Chile are Santiago, Valparaíso, Greater Concepción.
Chile is located in the UTC -05:00 time zone, which is also called Chile Time or CLT. The internet country code top-level domain (ccTLD) for Chile is .cl. Other domains assigned to Chile are .lat. The International dialing code for Chile is 56. People in Chile drive on the right side of the road. Total land area of Chile is 756,102 km² (approx. 291,931 mi²). Chile is not a landlocked country. It means that is is bordered by at least one major body of water.
Chile is located in South America. Chile is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Chile faces various issues, including widespread deforestation and mining that threaten natural resources, air pollution from industrial and vehicle emissions, water pollution from raw sewage.
Doing business in Chile
We offer various corporate services in Chile jurisdiction. These services can serve both, people coming from Chile and foreigners. If you plan on doing business in Chile you might be interested in contacting us.
To find out about starting your business in Chile click on company formation in Chile.
To find out how to open a bank account in Chile and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Chile.
Choose preferred service below or continue reading to find out more about Chile.
Demographics of Chile
The total population of Chile is 18,197,209 people. In Chile, the population density is 22 people per square kilometer (57 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Chile is 0.1861. Chile has approximately 1100000 foreign immigrants. The median age is approximately 33.3 years. In Chile, 61.42 in every 100 people use internet. Chile has a Human Development Index (HDI) of 0.822.
The majority religion of Chile is Christianity, Chile is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Chile.
Culture of Chile
People in Chile speak the Spanish language. According to data on inbound tourists in Chile, 3,576,000 tourists arrive in the country each year. The first McDonalds in Chile was opened on 19 November 1990, and it was located in Santiago de Chile. One of the most popular national dishes of Chile is empanada. To read more click on culture of Chile.
Geography of Chile
Chile is considered to be a large nation because of its total area. Its total land area is 756,102 km² (approx. 291,931 mi²). Chile is located in South America. Its capital city is Santiago. Chile has 3 neighbouring countries. Its neighbours include Argentina, Bolivia, and Peru. Total length of land borders of Chile is 7801 kilometers (~3,012 miles).
The highest point of Chile is Ojos del Salado, with its official height being 6893 m (22,616 ft). Including land mass and EEZ, the total area of Chile is approximately 4,438,091 km² (~1,713,549 mi²). The most notable natural resources found in Chile are copper, timber, iron ore, nitrates, precious metals, molybdenum, hydropower.To read more click on geography of Chile.
Economy of Chile
The currency of the country is Chilean peso. The symbol used for this currency is $, and it is abbreviated as CLP. 7.3% of population in the country are unemployed. The total number of unemployed people in Chile is 1,328,396. Each year, Chile exports around $77.94 billion and imports roughly $75.7 billion. The Gini Index of the country is 52.1. Chile has a Human Development Index (HDI) of 0.822.The Global Peace Index (GPI) for Chile is 1.563. Chile has a government debt of 226.1% of the country's Gross Domestic Product (GDP), as assessed in 2013. Chile is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Chile is $410,853 billion. Each year, consumers spend around $177,422 million. The ratio of consumer spending to GDP in Chile is 0%, and the ratio of consumer spending to the world consumer market is 0.41. The corporate tax in Chile is set at 22.5%. Personal income tax ranges from 0% to 40%, depending on your specific situation and income level. VAT in Chile is 19%. In 2013, Chile received 125.5 million USD in foreign aid.In 2014, the foreign aid amounted to 163.9 USD.To read more click on economy of Chile.
Infrastructure of Chile
Infrastructure quality in Chile is rated to be at 3.17. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Chile, 99.6% of the population has access to electricity. There are 2,152,000 internet hosts in Chile. Chile has 481 airports nationwide.
The logistics performance index of Chile is 3.26. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.3. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
To read more click on infrastructure of Chile.
Politics of Chile
Chile, is a unitary presidential constitutional republic. With regard to political and civil freedoms, Chile is 1. Citizens in Chile experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Sebastián Piñera.
According to the World Bank Group, the government effectiveness index of Chile is 1.14. This indicates that the government of Chile is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Chile, the legislative power is vested in a National Congress. The Global Peace Index (GPI) for Chile is 1.563. The strength of legal rights index for Chile is 4. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Chile received 125.5 million USD in foreign aid. In 2014, the foreign aid amounted to 163.9 USD. Chile is a member of the United Nations (UN). On 24 October 1945, it joined the UN at it inception date as a full member state. Chile is one of the original UN member states who founded the organization. Chile is a member of the World Bank. To read more click on politics of Chile.
Environment of Chile
Chile emits 4.6 metric tons per capita of CO2. 158781 km² of Chile's territory is covered in forests. and forest land comprises 21% of all the land in the country. To read more click on environment of Chile.
Company formation in Chile
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Chile.
When establishing a company in Chile, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Chile that will affect the establishment and growth of one's business. Contact us or click on company formation in Chile to read additional information when setting up a business.
Bank account opening in Chile
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Chile. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Chile, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Chile or contact us.