Research into a Destination Country for Business
You need to prepare well when you set out to do business in Chile. There are things you need to be ironed out before committing yourself. The internet has made it easier to start a business at any place in the world. You however, cannot ignore the rules that govern business in a given area. You therefore need to take some time to find out about all the laws there. There are such laws in Chile you need to know about.
There is a certain business etiquette applicable specifically to Chile. How people dress in most of the developed world is not so strict. Chile still retains the old ways of business etiquette. This means you need to go for business meetings appropriately dressed. You also need to observe punctuality at all times. You cannot afford to look any less professional. No matter who you are meeting, you are expected to shake hands. You shall after a while get to kiss the ladies on the cheeks, and embrace the gents.
You also need to know the right people. Your business contacts matter more than any other asset. You will notice a lot of family members occupy most offices. The same is in the government offices. Special favors are thus handled expediently. There are people in certain key positions you need to know well. There is no easier way to do business here.
You need to do proper business registration. There are sites where such things are done. You need to make sure you have registered with all the right bodies and agencies. You do not want trouble later when they find out you skipped certain protocols. There are recognized printing companies in which you are supposed to print out all financial records. You also need to go to the municipal offices where your business shall be based, to get a working license. You then need to get insurance for the business and its employees. You can read more here.
You will discover more benefits when you learn Spanish, which is the primary language. There are even more benefits you get from learning to speak it fluently. Even in communication, you need to stick to a high standard of formality. If you had made a phone call or written an email, fax or letter, do not expect it to be replied to the minute it is received. This habit has made it hard for businesses to be at their most efficient. You, therefore, need to remember to send follow-up communication every time.
When you put these points into consideration, doing business in Chile shall not be hard. You need to know more about their culture, and do your paperwork well. This will make it easy to trade there.