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Guide chile CLARO Y CIA Doing Business in Chile A publication prepared by CLARO Y CIA Apoquindo ?? th Floor Las Condes Santiago Chile Contact José María Eyzaguirre B E-mail jmeyzaguirre claro cl Tel Fax Web www claro cl ? Claro y Cía ?? All rights reserve

CLARO Y CIA Doing Business in Chile A publication prepared by CLARO Y CIA Apoquindo ?? th Floor Las Condes Santiago Chile Contact José María Eyzaguirre B E-mail jmeyzaguirre claro cl Tel Fax Web www claro cl ? Claro y Cía ?? All rights reserved CDoing Business in Chile CLARO Y CIA The information in this Doing Business in Chile guide is intended to provide an introduction to certain issues of general interest It does not purport to constitute legal advice and should not be relied upon When looking to do business in Chile legal advice should be sought INDEX OF SUBJECTS Chile at a Glance Presentation of Information Geography and Demography Political System The Chilean Economy Foreign Exchange and Foreign Investment Foreign Exchange Regulations Foreign Investments Regulations Investment Vehicles Introduction Corporations Limited Liability Companies Stock Companies General Partnerships Silent Partnerships Limited Partnerships Branches Tax Considerations Introduction Taxation of Individuals and Entities Domiciled or Resident in Chile Taxation of Individuals and Entities not Domiciled or Resident in Chile Other Taxes Transfer Pricing Double Taxation Treaties Tax Elusion vs Tax Evasion i ? Claro y Cía All rights reserved CDoingBusinessinChile C L A R O Y C I A Labor Matters Introduction The Employment Agreement Nationality of Employees Remunerations Termination Sexual Harassment Social Security and Insurance Unions and Collective Bargaining Supply of Temporary Personnel and Subcontracting Immigration Visas Fundamentals of Private Law Introduction Contract Law Torts Property Law Data Protection Introduction Personal Data Protection Act Consumer Protection Introduction Main Rules Collective Actions Intellectual Property Legal Framework Industrial Property Copyright Licensing Internet Enforcement of Industrial and Intellectual Property Rights Antitrust Law Introduction Procedures Sanctions Regime Merger and Acquisition Transactions ii ? Claro y Cía All rights reserved CDoingBusinessinChile C L A R O Y C I A Security Interests Introduction Types of pledges Mortgages Creating and Perfecting Security Interests Foreclosure on Security Interests Tax Public Policy Ancillary Nature of Security Interests Reform to System of Pledges without Conveyance International Trade Export Incentives Import Export Regulations International Treaties Certain Financial Activities Certain Governmental Authorities Banks Insurance Activities Pension Funds Investment Funds Mutual Funds Environmental Matters Governing rules Environmental Impact Assessment System Participation of Civil Organizations and Individuals Environmental Liability Carbon Credit Market in Chile Mining Introduction Mining Legislation Mining Activities in Special Areas Energy Electric power Geothermal power Renewable energy sources Oil and hydrocarbons Water Law Introduction iii ? Claro y Cía All rights reserved CDoingBusinessinChile C L A R O Y C I A Water rights Underground waters Associations of users Privatization of Infrastructure Legal Framework of Public Works Concessions Regulatory Authority Awarding the Concession Supervision of the Works and Project Completion Expropriations Amendments to the Concession Agreement Force Majeure Risk Termination Conciliation Commission Bankruptcy of the Concessionaire Special Public Works Pledge Forthcoming Changes to the Concessions Act Telecommunications Introduction Concessions Permits and Licenses Insolvency and Bankruptcy Introduction Bankruptcy Petition Procedures Following Bankruptcy Declaration Quali ?cation of the Bankruptcy E ?ects of Bankruptcy Declaration Foreclosure by Secured Creditors Reorganization Proposal Personal Jurisdiction