Business Opportunities in High Value Added Sectors - - PowerPoint PPT Presentation
Business Opportunities in High Value Added Sectors www.investchile.gob.cl at a glance Population 18 Million 2018 GDP US$ 298 Bill US$ 67 Bill Exports 2018 GDP US$ 25.978 Imports US$ 65 Bill per capita 2018 # 1 ST LatAm Inflation 2,6% Interest
www.investchile.gob.cl
Business Opportunities in High Value Added Sectors
at a glance
18 Million GDP
per capita 2018
US$ 25.978
# 1ST LatAm
Exports Imports US$ 67 Bill US$ 65 Bill Interest Rate 2,5% Inflation
12 months
2,6%
Last decade 3.2% average
Population
2018
GDP
2018
US$ 298 Bill
Small Country, Great Economy
# #1 GL GLOBAL C COMPETIT ITIV IVENESS IN INDE DEX ( X (WEF) # #1 B BUS USIN INESS E ENVIR IRONMENT R RANKIN ING G # #1 B BEST C COUN UNTRIE IES F FOR B BUS USIN INESS # #1 E ECONOMIC IC F FREEDO DOM # #1 GDP GDP P PER C CAPIT ITA ( (PPP)
in L n Latin n Ame merica
1ST SOUTH AMERICAN ECONOMY IN THE: WEF’s most Competitive Nation in Latin America since 1998! & One of the most attractive market for FDI
& Global Player
l treatme ment nt: : Foreign companies based in Chile enjoy the same rights and responsibilities as Chilean companies in the country.
flo low o
capital a l and nd p profits: : National legislation allows the entry and repatriation
ness e environme nment nt: : Simple tax structure / Ease to set up companies.
mmited t to b boost i investme ment nt: : Pro-Investment agenda of President Piñera government
Robust Foreign Investment Regime
ON-GOING LEADERSHIP HIGH-LEVEL TALENT
ENTREPRENEURIAL ENVIRONMENT
LATIN AMERICAN HUB TRENDSETTER
Reasons ns & & At Attributes tha hat ma make Chi hile le a a hi highly a hly attractive F FDI DI ma market i in n Lati Latin Ame merica
Competitive, i , int nterna nationa nal , w l , world ld c cla lass r regula lation n
àGREAT RANKINGS come with Long-term commitment building key pillars
Rule of Law Open Economy Laws p protect b basic r right hts ; e ; enf nforceme ment nt p processes; d ; dispute r resolu lution +25 y years o
ning ng e econo nomy; F y; FTA’S ’S w with 8 h 86% o
glo lobal GDP l GDP; D ; DTA’S ’S
nomi mic: C : Competitivene ness, Inf , Infla lation, f n, foreign e n excha hang nge r rate & & ma market
lid Ins Institutions ns, Go , Governa nanc nce, he , healt lthy f y fiscal r l rule les, c , cent ntral b l bank nk Long Term public policies Export oriented Eng ngine ne f for g growth, c h, competitivene ness o
ind ndustries, # , #1 i in 1 n 10 e export p products Solid financial system ON-GOING LEADERSHIP
àHighly-qualified workers, at competitive costs:
Chile records the highest productivity per capita in LatAm
(ILO, 2017) SOPHISTICATED TALENT
+1,262,000
University students
+202,000
annual graduates More than 1 million high- skilled employees
Tale lent nt At Attraction Pr Progr gram am. . Du During ng 2 2018, , appli lications ns we were inc ncreased i in 1 n 164%
26 OF THE REGION’S
101+ best universities
(Times Higher Education 2018)
Chile Top 1 in LatAm
Global Talent Competitiveness Index
ENTREPRENEURIAL ENVIRONMENT
àGlobally recognised for our pioneering ecosystem
Leads LatAm & outstands amongst the most innovative companies worldwide, alongside
giants like Amazon, Airbnb,
Apple, Buzz Feed & Facebook.
(Fast Company, 2017)Most innovative early stage entrepreneurs
Source: 2018-2019 WEF – Global Entrepreneurship Monitor
Global Entrepreneurship Index 2018/19
Nº 17 in the World (137 economies)
Companies created with the newly implemented company-in-a-day-system (2013- 2018)
Source: MINISTRY OF ECONOMY, ECONOMIC DEVELOPMENT AND TOURISM à Regional platform with GLOBAL ACCESS: More free trade / double taxation agreements than any other Country
Source: World Bank
to 86.3% of the World’s GDP.
consumers across all continents.
double taxation with 32 economies.
From Chile, Think LatAm, Think Global
LATIN AMERICAN HUB
Public E-Mobility
Le Leade ader r in L
LATAM AM
Digital Commerce
Top 20
Global Retail E-Commerce Index
(Source: AT Kearney)
For green energy & sustainable business For new-tech business
TRENDSETTER
Source: CepalConnectivity
àNatural Laboratory & Early Adopter
country with the greatest attractiveness for investment in NCRE
Source: Climatescope Ranking 2018
generated in Latin America is produced in Chile
Nº33
2018
Chile as a destination of FDI
Capital l investme ment nt increased by 80% Job Job creati creation
rose +116%
88 88 greenf nfield ld proje jects started +62.9 .96% than 2017
Third in capital investments and job creation in LatAm 2018
(Source: FDI Intelligence)
US$6,082 million
+4% +4% than 2017 InvestChile Portfolio: US US$14,108 mi milli llion +82% +82% than 2017
Hub for Global Services
Global Services and Digital Economy
Companies benefit from:
▪ Technological & Telecom Infrastructure. ▪ Access to Talent for the industry (number of graduates and quality of the universities). ▪ Time Zone Advantages. ▪ Technological entrepreneurship Ecosystem. ▪ Wide network of FTA’s and DTA’s agreements. ▪ Government Incentives. ▪ VISATECH program.
Global Services and Digital Economy
Enha hanced I International conne connect ctiv ivit ity National National D Digital Highw hway 5G 5G De Deployme ployment nt 3 new submarine cables: 40-fold increment in Intl’ capacity to Chile (6 to 260 Tbps). Intl’ Terrestrial Links: 7 new border crossings (plus 11 existing). (Other 13 crossings remain to be implemented; 2020 Budget) Doubles current backbone capacity of data transmission. Fiber Length: 18,000 to 36,000 (Km) Proliferation of connected devices and significant quality of service improvement. From 17 to 100+ MM Devices Speed (peak): 0,1 to 10 Gbps
Global Services and Digital Economy
$ 1 1,620 m mill
$ 1 1,350 m mill
23% (Gartner 2019).
the he n national m matrix.
First P Policy.
goods.
services.
FTA) and double taxation (DT DTA).
Global Services and Digital Economy
networ
Incent ntiv ives to export services.
graduates in administration and commerce every year.
level e engineering in LATAM.
talent (+15,000 graduates per year at ICT) and openness to talent (Visa T Tech).
Record
convergence
Arbitration of talent versus cost.
hared S Services C Center.
Incentives for Investment
Sector Incentives
Va Value Ad Added Ta Tax on
Expor ports
Va Value Ad Added Ta Tax Ex Exempt ption ion on
Impor ported C Capital Good Goods
Conventions f for t the he A Avoidance o
Double T Taxation w with 3 h 32 E Economies
Global Services and Digital Economy
Sector Incentives
Country S Strategy: P Public -
Private C Committee f for E Export o
Services
scholarships for the service industry per year among others)
Digit Digital al Ta Talent Init Initiat iativ ive – – P PPP R&D L Law
Ta Tax De Deduct duction ion fo for T Training ( (National National Se Service ice for
training and and employment – – S SENCE)
and certification of labor competencies, in a amount of up to 1% of the annual payroll.
Global Services and Digital Economy
Global Services and Digital Economy
Relevant Industry Associations
Asociación d de e empresas C Chi hilenas d de T Tecnología – – C Chi hiletec – –
Asociación C Chi hilena d de E Empresas d de T Tecnología d de I Información A A.G – – A ACTI – –
Asociación L Latinoamericana d de I Internet – – AL ALAI AI – –
Asociación I Interamericana d de E Empresas d de T Telecomunicaciones – – AS ASIET -
PRE-INVESTMENT AND LANDING AFTERCARE ▪ General information regarding the investment climate in Chile ▪ Investment opportunities ▪ Government programs and public tenders ▪ Public investment project portfolio ▪ Specialized reports and publications ▪ Foreign Direct Investment Statistics ▪ Meeting programs & site visits. ▪ Pool of Service providers. ▪ Sector-specific information. ▪ Legal advice: incorporation, taxes, sector specific regulations, permits, visas. ▪ Public incentives Advice & support for application ▪ Support for re-investment and expansion projects ▪ Contact with local suppliers and universities ▪ Support with problem solving or issue resolution related to
*Services available for foreign investors, foreign companies and stakeholders with access to foreign clients PROMOTION
www.investchile.gob.cl