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Cobin identifies major problems with managing a business in Chile that applies to all Latin America: 90% or more of Chileans do not tell the truth (or avoid telling the truth), since they never like to say “no” or admit that they do not know something.
Few lie with the intent to deceive or mislead you intentionally, but many will tell you something that is not true in order that you not be offended (e.g., “I will call you tomorrow”).
Chile has enacted restrictive labor laws that hinder businesses; at least one foreign investor is waging a capital strike against Chile.
Chile has passed other idiotic laws such as prohibiting Mc Donald’s and other fast food chains from putting toys in Happy Meals.
Michelle Bachelet is the President and she is likely to reverse much of the progress because Chile is skeptical of capitalism.
For instance, she has proposed to increase the corporate tax rate from 20% to 35% and remove the ability to delay paying taxes on earnings that are reinvested rather than distributed to shareholders.
On the bright side, if you’re trapped underground in a mine for a few months, your wife and girlfriend will be overjoyed to see you again when you emerge at the surface.
He claims, “some Chilean men will consider it good sport to try to sleep with your wife.” This is true, and if you’re a single man at a party and talk to a married woman, her husband will scowl at you because he thinks that you want to sleep with her.
Foreign women are expected to be independent so companies are more willing to hire them.
Many foreigners teach English, as Chileans highly value native speakers, but the pay is low.
It is unclear whether it will grow fast enough to strangle the economy.
Investors are losing confidence in Chile, causing a decline in the IPSA index of stocks in 2012-13 after soaring for 20 years.
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Emily gives tips on finding a job in Chile that you might find useful.