Choose your language ES EN
About Tourism Invest

Chile is the best evaluated emerging economy in Latin America and one of the most recognized worldwide.

Jorge Sánchez

Its characteristics: stability, transparency, competitiveness and excellent business prospects make it the best destination for foreign investment in Latin America and one of the most outstanding globally.

IIn its World Investment Report 2016, UNCTAD ranked Chile as the world’s nineteenth largest recipient of Foreign Direct Investment (FDI). In 2015, US$20,176 million entered the country by this means.

BECAUSE IT LEADS LATIN AMERICA IN

Business Environment

(13° worldwide – Economist Intelligence Unit, Business Environment Rankings 2014-2018)

Competitiveness

(33° worldwide – World Economic Forum, Global Competitiveness Index, 2016-2017)

Best countries for business

(36° worldwide – Forbes Magazine, 2017)

Ease of doing business

(57° worldwide, 5° in Latin America – World Bank, Doing Business, 2016)

GDP per capita (PPP)

(US$23,507, 1° in Latin America – International Monetary Fund, 2016)

BECAUSE IT IS A COUNTRY WITH LOW RISK

About Tourism Invest

BECAUSE IT IS ONE OF THE MOST OPEN ECONOMIES IN THE WORLD

Trade agreements with more than 60 countries that expand its domestic market of 17 million people to more than 4,300 million potential consumers worldwide (63% of the global population).

TOURISM IN CHILE AND THE WORLD

In 2015, the rise in international tourism was almost double that of world trade, with the number of international tourists growing by more than the historical average for the sixth consecutive year, and generating income of more than US$1,232,000 million.

The World Tourism Organization expects the total number of international tourists to reach 1,800 million arrivals in 2030 and it will be emerging economies, among them Chile, that will grow at almost twice the rate of advanced economies, representing for that year 57% of the international tourism market worldwide.

2016: International tourism, a strong growing path

About Tourism Invest

CHILE’S TOURISM PROFILE

It is expected that by 2020 tourism in Chile will represent 6% of GDP, thus doubling its current contribution.

In terms of tourism competitiveness, Chile ranks 2° in South America in the Travel and Tourism Competitiveness Index produced by the World Economic Forum (WEF).

Inbound Tourism

Inbound tourism in Chile has grown at an annual average rate bordering 10% (in arrivals and spending) over the last decade. In 2016, the growth of inbound tourism in terms of arrivals not only continued its positive trend but recorded an exceptional advance of 26% compared to the previous year.

About Tourism Invest

Domestic Tourism

Domestic tourism is booming, owing to Chileans growing spending capacity, the availability of economic airfares, and the State’s efforts to foster tourism through broadening promotional campaigns and increasing existing social tourism campaigns, among others.

About Tourism Invest

NATURE TOURISM

Nature tourism is understood as a tourism segment with a special market, which is characterized by the promotion of nature-related activities in attractive unspoilt natural landscapes, preferably in protected areas. The activities range from observing flora and fauna to adventure tourism and include fishing and hunting, photography, sport, etc.

Of all international tourist arrivals at Arturo Merino Benítez airport in 2015, 51% were motivated to visit by nature, landscapes and flora and fauna. This shows that the potential exists to develop nature tourism so that more tourists, Chileans and foreigners alike, enjoy the beautiful natural patrimony that Chile offers.

 

About Tourism Invest

TOURISM INVESTMENT ATTRACTION

The economic growth policy represented by the Chilean government’s Productivity, Innovation and Growth Agenda, which considers Tourism as a relevant sector for the country’s economy, makes it necessary to stimulate and encourage national and foreign investment in the challenge to transform Sustainable Tourism Development into an important growth engine.

The recognition of national territory as an Opportunities area for sustainable tourism projects led to the development of the Tourism Investment Opportunities Map in state-owned land the length of Chile.

These opportunities seek to diversify the supply of nature tourism services through the development of tourism projects of different sizes and categories, under the logic of sustainable development’s three pillars; environmental, social and economic.

SUSTAINABLE DEVELOPMENT PRINCIPLES

From the environmental standpoint, it is intended that projects generate a positive impact on their surroundings through the choice of location, the conservation of materials and natural resources, the quality of the tourism experience and the richness of the environmental interpretation.

The design of the construction works must take into account the climatic and geographic variables of the location such as seasonality, rainfall, solar radiation, temperature, sun exposure, etc, in order to come up with an energy efficiency strategy that considers heat loss minimization, natural light use maximization, the use of cross ventilation to cool environments, high thermal insulation material, rainwater capture systems, grey and black water treatment, dry lavatories, recycling, compost, among others.

Project materials must respond to the critical factors caused by territorial conditions and infrastructure requirements, giving precedence to local materials, with minimum foundation needs and low visual impact.

From the social standpoint, it is expected that the designs provide inclusive spaces and places (gender focus, universal access) and which also enhance the identity and cultural patrimony of the landscape. It is also intended that the project generates new jobs, prioritizing the hiring of local people.

Operationally, the projects must consider including renewable energy storage systems that give autonomy to the operation, such as geothermal, solar panels, photovoltaic panels, LED lighting, etc.

From the economic standpoint, it is intended to create and ensure long-term economically viable activities, which are capable of capturing specialist tourist consumer markets that increase tourism spending, thus increasing foreign currency flows into the country, diversifying the supply of ecotourism products and raising the productivity of Chile’s tourism activity.

CONCESSIONS

The Ministry of State Property is responsible for managing national real estate. Among the ways these assets are administered, the possibility exists of granting long-term concessions on State land to develop all types of projects, including tourism. The land is returned to the State once the concession period ends.

All State properties that can be leased are comprised of referenced plots of land that are available for private investment development projects, including tourism, in those locations that bring together the comparative advantages for best project results, through Concessions.

 

Characteristics of concession contracts

  • Duration from 5 to 50 years, renewable. However, the standard duration of productive projects is 30 years.
  • Open to Chilean or foreign individuals or legal entities. Notwithstanding the aforementioned, the contracts are signed with Chilean legal entities that must be established for such purposes.
  • Assignable and secured.
  • Accompanied by obligations (payment of annual lease)
  • As a general rule, to be awarded by public or private auction. Can be directly granted in duly justified cases if the Ministry of State Property so decides in specific instances.
  • Environment and sector permits are the responsibility of the concessionaire.