Australian companies are advised to spend time investigating the market, obtain professional advice where appropriate and thoroughly investigate the issues in entering the market and before establishing business relationships.
Australian firms wishing to operate in this market should commit to the highest level of corporate behaviour and familiarise themselves with Australia's laws and penalties pertaining to bribery of foreign officials.
Bribery of foreign public officials is a crime. Australian individuals and companies can be prosecuted in Australia for bribing foreign officials when overseas. Further information on the regulations governing bribery of foreign public officials is available.
For further information on frauds, scams, personal and asset security, intellectual property protection and other business risks please read more about legal issues.
Intellectual property protection
Chile has signed a large number of free trade agreements of which intellectual property protection is a structural component. Although Chile is moving in the right direction to promote innovation as the key to sustained long-term growth, it still faces important challenges regarding the proper protection of intellectual property rights.
Manufacturers and traders are strongly advised to patent their inventions and register their trademarks in Chile, and to do so through a patent or trademark agent.
Applications for patents must be made before the invention becomes known in Chile.