Proposed legislation for a new Foreign Investment Statute was approved by the Chilean congress on 20 May 2015. This follows the 2014 Tax Reform, which included that the old Foreign Investment Statue under Decree Law 600 is to be abolished with the introduction of a new regime.
One of the main differences between the old and new regimes is that a rate freeze option will no longer be available for foreign investors. Under the old regime, foreign investors could opt to freeze the rate at 42% fo…