Research into a Destination Country for Business
For you to succeed in business in Chile, you need to prepare for it adequately. 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. But some rules govern businesses in those areas. You therefore need to take some time to find out about all the laws there. As for Chile, there are a few things you need to know.
There is a certain business etiquette applicable specifically to Chile. In most of the developed world, there is a laxity to the dress codes most business people adhere to. This is not the case in Chile. This means you need to go for business meetings appropriately dressed. You need to be punctual, in formal attire, and use formal language. You cannot afford to look any less professional. You should always shake hands. If you know them well, you are expected to exchange kisses on the cheeks, for the ladies, or embrace, for the men.
You also need to know the right people. You cannot do much if you do not have these contacts. Most of the employees in organizations are there because of family ties. This is the case with the government offices as well. Special favors are thus handled expediently. You, therefore, will gain more here when you have a broad and strong network. There is no easier way to do business here.
It is important that you register your business with the right authorities. There are sites where such things are done. You need to make sure you have registered with all the right bodies and agencies. Any misstep and you shall be in problems later. You also need to print out all financial records at an approved printing company. There is also a need to get to the municipal office and have a working license made for the business. You then need to get insurance for the business and its employees. You can read more here.
Speaking Spanish is critical if you want to get things done here. 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. This means that you cannot expect an immediate reply to an email, fax, letter, or phone call. Such scenarios can lead to delayed business transactions. You, therefore, need to get into the habit of doing follow-ups.
You will have an easier time doing business in Chile if you stick to these points. You need to be well versed in the prevalent culture there. This is how you avoid trouble later.