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Changelog: Chile guide

This is a living guide. Every page is reverified against its official source and dated.

Date	Page	Change
2026-10-25	Start here: the legal gateways every foreign investor crosses in Chile	New page: legal gateways for foreign investors (Ley 20.848 framework, certificate, remittance and FX rights; RUT and start of activities under the Código Tributario; online registry under Ley 20.659; branch rules under Ley 18.046; corporate rate cut to 23 percent by 2029 and tax stability contracts under Ley 21.850 of 17 October 2026), verified against official texts.
2026-10-25	Start here: the legal gateways every foreign investor crosses in Chile	Corrected the capital goods VAT exemption: under DL 825 art. 12 B Nº 10 as now in force, no InvestChile certificate is required and the income test is two months (Ley 21.210, 24 February 2020); source now the DL 825 text on Ley Chile.
2026-10-25	Start here: the legal gateways every foreign investor crosses in Chile	Ley Nº 21.850, promulgated 9 October 2026 and published in the Diario Oficial on 17 October 2026, legislated a gradual cut of the general corporate rate from 27 percent to 23 percent by commercial year 2029.
2026-10-25	Start here: the legal gateways every foreign investor crosses in Chile	Created by Ley Nº 21.850, published in the Diario Oficial on 17 October 2026, with application from 1 January 2027.
2026-10-25	Chile macro at a glance: the rules behind rates, inflation, the budget and the peso	New page: Chile macro rules and dashboard (Central Bank autonomy under Constitution art. 108 and 109 and Ley 18.840; 3 percent inflation target and TPM held at 4.5 percent on 8 September 2026; free floating FX under Ley 18.840 art. 39 and 44 with reserve powers of art. 49; dual fiscal rule and escape clause of Ley 20.128 as amended by Ley 21.683, with Decreto 486 of 2026 targets and the 45 percent debt anchor), verified against official texts and data.
2026-10-25	Chile macro at a glance: the rules behind rates, inflation, the budget and the peso	Ley Nº 21.683, published 14 August 2024, turned the structural balance rule into a dual rule by adding the medium term gross debt anchor and introduced the escape clause of art. 1 ter. Under the new rule the current administration set its targets in Decreto Nº 486 of 2026 of the Ministry of Finance: a structural deficit falling from 2.6 percent of GDP in 2026 to 1.5 percent in 2030, with the debt anchor at 45 percent of GDP. DIPRES reported on 14 July 2026 that the decree was announced on 9 June 2026 and was then under review by the Contraloría General de la República.
2026-10-25	Foreign investment in Chile: the framework law, FX and remittance rights, incentives, tax stability contracts and restricted sectors	New page: Chile foreign investment regime (Ley 20.848 definition, InvestChile certificate, remittance and FX rights, equal treatment and DL 600 grandfathering; Central Bank FX powers under Ley 18.840 art. 39 to 50; capital goods VAT exemption under DL 825 art. 12 B Nº 10 as now in force; tax invariability contracts of 10 to 20 years for investments of US$50 million or more under art. 26 of Ley 21.850 of 17 October 2026, effective 1 January 2027; sector limits on border zone land, fishing, aquaculture, ship registration, cabotage as amended by Ley 21.774, and lithium), verified against official texts.
2026-10-25	Foreign investment in Chile: the framework law, FX and remittance rights, incentives, tax stability contracts and restricted sectors	Ley Nº 20.848 (25 June 2015) wrote the current exemption into DL 825 from 1 January 2016, requiring income only after at least twelve months and, for foreign investors, the InvestChile certificate. The consolidated text in force on the verification date runs the test from two months after the first import, the environmental approval or the land concession, and no longer requires the certificate to be attached.
2026-10-25	Foreign investment in Chile: the framework law, FX and remittance rights, incentives, tax stability contracts and restricted sectors	New regime created by Ley Nº 21.850, published in the Diario Oficial on 17 October 2026, effective 1 January 2027. The Ministry of Finance must issue regulations within six months on reorganization reporting and on minimum terms of the arbitration clause, and the SII must issue a resolution on separate accounting.
2026-10-25	Foreign investment in Chile: the framework law, FX and remittance rights, incentives, tax stability contracts and restricted sectors	Ley Nº 21.850, published 17 October 2026, set the step down from 27 percent in 2026 to 23 percent from 2029.
2026-10-25	Foreign investment in Chile: the framework law, FX and remittance rights, incentives, tax stability contracts and restricted sectors	Ley Nº 21.774, published 19 November 2025, replaced art. 3 to open cabotage to competition, adding the regular service and outbound route exceptions. The outbound route exception phases in at 50 percent of the unloaded cargo in the first year and 100 percent in the second, and the new rules apply between points in the Los Lagos, Aysén and Magallanes regions only three years after publication (Ley Nº 21.774, second and third transitory articles).
2026-10-25	FX and capital controls in Chile: free exchange, the formal FX market, Central Bank reporting, and getting capital, dividends and interest out	New page: Chile FX and capital controls (free FX operations, freely agreed rate and daily published rate under Ley 18.840 art. 39 and 44; formal FX market under art. 41 and 43; new FX Compendium of Central Bank Agreement 2617-03-240125 in force from 1 January 2026, replacing old Chapters XII and XIV, with the US$10,000 channelling and reporting threshold and US$1 million, US$10 million and US$50 million reporting triggers; reserve powers of up to 40 percent under art. 49 and 50 with none applied; fines up to twice the operation under art. 58; remittance rights under Ley 20.848 art. 5 to 7; 35 percent additional tax on dividends, restitution phase out under Ley 21.850, 4 percent interest rate for foreign bank loans under DL 824 art. 59), verified against official texts.
2026-10-25	FX and capital controls in Chile: free exchange, the formal FX market, Central Bank reporting, and getting capital, dividends and interest out	The new FX Compendium, published in the Diario Oficial on 30 January 2024, replaced the former Compendium and repealed all its chapters and its Manual from 1 January 2026.
2026-10-25	FX and capital controls in Chile: free exchange, the formal FX market, Central Bank reporting, and getting capital, dividends and interest out	From 1 January 2026 the former Chapter XIV (liabilities with abroad) and Chapter XII (assets abroad) were folded into Chapter II, Letter B, Section IV of the new Compendium, with reporting through the Central Bank's FX information system (SICAM).
2026-10-25	FX and capital controls in Chile: free exchange, the formal FX market, Central Bank reporting, and getting capital, dividends and interest out	Art. 49 Nº 2 was amended by Ley Nº 21.641 (Diario Oficial 30 December 2023), art. 3 Nº 8.
2026-10-25	FX and capital controls in Chile: free exchange, the formal FX market, Central Bank reporting, and getting capital, dividends and interest out	Ley Nº 21.850 (Diario Oficial 17 October 2026) repeals the final paragraph of art. 63 (the restitution rule) from 1 January 2027, but its fifth transitory article keeps a restitution of 30 percent for corporate tax credits generated in tax year 2028 and 20 percent for those generated in tax year 2029.
2026-10-25	Choosing a legal entity in Chile: SpA, S.A., Ltda., EIRL or branch, with registry, capital, governance and annual cost rules	New page: choosing a Chilean entity (free online registry and same day RUT under Ley 20.659; SpA rules of Código de Comercio art. 424 to 444 with the 60 day extract deadline set by Ley 21.608 of 23 September 2023; S.A. cerrada under Ley 18.046 including the 2,000 shareholder registration trigger, three director board and three year capital term; Ltda. under Ley 3.918 with its 50 partner cap; EIRL under Ley 19.857; foreign corporation branches under Ley 18.046 art. 121 to 124; municipal licence of 2.5 to 5 per thousand of equity capped at 8,000 UTM; corporate rate steps to 23 percent by 2029 under Ley 21.850), verified against official texts.
2026-10-25	Choosing a legal entity in Chile: SpA, S.A., Ltda., EIRL or branch, with registry, capital, governance and annual cost rules	Ley Nº 21.608, published in the Diario Oficial on 23 September 2023, replaced "un mes contado" with "sesenta días contados" in the first paragraph of art. 426, doubling the deadline to register and publish the SpA extract under the traditional (non online) route from one month to 60 days.
2026-10-25	Choosing a legal entity in Chile: SpA, S.A., Ltda., EIRL or branch, with registry, capital, governance and annual cost rules	The 2,000 shareholder trigger in art. 2 of Ley Nº 18.046 is in the text in force since 4 January 2023; SII Circular Nº 46 of 2008 described the earlier test of 500 shareholders, or 10 percent of capital held by at least 100 shareholders.
2026-10-25	Choosing a legal entity in Chile: SpA, S.A., Ltda., EIRL or branch, with registry, capital, governance and annual cost rules	Ley Nº 21.850, published in the Diario Oficial on 17 October 2026, set the step down from 27 percent in 2026 to 23 percent from commercial year 2029.