Doing legal business in Chile
Chile is ranked the 42nd biggest economy in the world by GDP, according to the World Bank. As of 2019, it’s ranked 61 by population size with almost 19 million inhabitants as of 2019. Santiago is the country’s capital and largest city.
Chile’s reputation as one of the most liberal economies in the America is reflected by its membership of the OECD (one of only two South American countries) and its ranking of 59 out of 190 by the World Bank’s Ease of Doing Business index (as of 2019).
Practising in Chile
Despite significant opportunities in oil, gas, energy, extractives industries and agribusiness, and a relatively open market, only a few foreign law firms have entered the market
Only lawyers, known locally as abogados, licensed by the Supreme Court of Chile can appear in court or provide advice on Chilean law.
Foreign lawyers can only provide advice on the law of their home jurisdiction and international law. They do not need to register with the court as foreign legal consultants.
There are no regulatory restrictions on foreign lawyers working on ‘fly-in, fly-out’ transactions in Chile.