Chile's Atacama is known as the world's driest desert, yet when rare rains arrive, it can burst into an extraordinary display of flowers. President José Antonio Kast is hoping 'Chile Despega' can bring a similar revival to the country's economy. 

Economic outlook for Chile 

With unemployment at 9.5%, his government has unveiled a plan to mobilize approximately USD $1.35 billion and create more than 100,000 jobs through infrastructure projects, hiring incentives and support for businesses. 

For companies, the plan could open several doors. Construction and engineering firms can watch for accelerated public works; employers may benefit from expanded hiring subsidies; and smaller businesses could gain access to credit backed by stronger government guarantees. 

For businesses, 'Chile Despega' could create new projects, expand teams and ease access financing. Just as rare rains allow the Atacama to bloom, these measures could help companies turn growth plans into investment, jobs and new activity across Chile. 

LATAM at a Glance 

• 4,300 km: Chile stretches from the Atacama Desert in the North to Patagonia in the South. 

• Thousands of islands: Chile's southern coast forms an extraordinary maze of more than 4,300 islands, fjords, and channels. 

• The Atacama: it is known as the world's driest desert. 

• Ojos del Salado: it reaches 6,893 metres, making it the world's tallest active volcano.   

• Mon Laferte: she is one of Chile's most internationally recognized contemporary artists and has won five Latin Grammy Awards. 

Multinational groups looking to enter the Chilean market should be aware of upcoming tax changes affecting foreign companies. Complying with tax obligations in Chile is less complex with a partner like Auxadi, which has an office in Santiago staffed by local experts. 

Contact us to discuss your needs and learn how we can support your company's international expansion across Latin America. 

Interested in staying up to date on the latest trends in Latin America? Register for LATAM Days Miami on November 13, when Miami Dade College will host the second edition of our event in the United States.

About Auxadi

With 26 subsidiaries across Europe, the United States, and Latin America, Auxadi is today the leading Spanish accounting firm serving multinational companies and real estate investment funds. Through its technology-driven approach and strong client-focused culture, Auxadi acts as an extension of its clients' finance departments worldwide, providing accounting, tax, payroll, transfer pricing, and corporate legal services.

Its proprietary MySPV technology platform, more than 300 employees, and over 1,700 clients have positioned Auxadi as a benchmark in the tech-enabled services sector, not only in Spain but internationally.

Auxadi can become your ideal partner. We offer a one stop shop value added outsourcing services in the areas of accounting and reporting, tax compliance, payroll management and representation services, among others.