CHILE PEO & EOR
Hire in Chile without a local entity today
As a Global PEO & EOR service provider, we pride ourselves on our global reach, in-country knowledge, and ability to swiftly and efficiently mobilize workers around the world. Our robust PEO/EOR covers everything from global HR, payroll, compliance, in-country support, immigration, visas, and more.
Get started and hire in Chile today with Gibson Watts Global.
DID YOU KNOW
- Chile is the longest country in the world from North to South, and it stretches over a whopping 4,300 kilometers (2,670 miles).
- Famous for its over 1,000 iconic statues, Chile is home to Easter Island (Rapa Nui), and the area is shrouded in mystery due to its incredible archaeological sites.
- Chile is also home to the world’s driest desert – the Atacama Desert. Some areas of the Atacama have recorded no rainfall for decades. The desert houses breathtaking landscapes, including the Valle de la Luna.
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Chile PEO Services
A beacon for investment in the South American market
Nestled along the western coast of South America, Chile’s unique blend of Latin American and European culture makes it an incredible destination for businesses, tourists, and expats.
With a diverse range of landscapes, spanning the iconic Atacama Desert to breathtaking views in Patagonia, Chile is truly a country that captures the imagination of many. Alongside this, it boasts a stable economy and a highly skilled workforce, creating a wealth of opportunities for business.
One of the most expat-friendly countries in the world, Chile provides a variety of benefits for foreign investors or businesses considering expansion here. It is actively a member of several trade agreements, the Pacific Alliance, and can provide access to a broad range of trade relationships.
While expanding your business into Chile can bring challenges with it, collaborating with a Chile PEO / EOR partner can significantly reduce the complexities. Here at Gibson Watts Global, we work with a wide variety of businesses that are expanding and hiring in Chile. By outsourcing their global expansion challenges to us, our clients can focus on what’s important – maximizing on the opportunities within the Chilean market.
Working in Chile
Working hours
Previously, the typical working week in Chile was 45 hours and one of the longest in the world. However, in 2023, the Chilean Government introduced the ’40 hours’ law. This reduced the working week to 40 hours and allowed employers to spread them across a four-day working week.
This legislation helps Chile to stand out amongst its neighboring countries in Latin America, many of which have very long working weeks.
Minimum wage
As of September 2023, the monthly minimum wage is CLP460,000. Every working person between the ages of 18 and 65 is eligible for this. Chile also announced legislation in 2023 which paved the way for gradual minimum wage increases. The nation is set to implement a CLP500,000 minimum wage from July 1, 2023.
Leave entitlement
Employees who have completed one year of employment are entitled to 15 days of paid annual leave by their employer. The pay rate of this leave is based on the employee’s average pay over the previous three months, and typically excludes any commission or other variants. Many employers may offer leave packages that exceed this minimum entitlement.
New mothers are also entitled to 18 weeks’ maternity leave. This is usually taken in the form of 6 weeks before the child’s birth, and 12 weeks after. In the event of premature births, the maternity leave period may be extended to up to 20 weeks.
Public holidays
Chile observes a variety of public holidays, including:
- New Years’ Day
- Good Friday
- Holy Saturday
- Labour Day
- Mother’s Day
- Navy Day
- Father’s Day
- Indigenous People’s Day
- Saint Peter and Saint Paul Day
- Our Lady of Mount Carmel
- Assumption Day
- Independence Day
- Day of the Glories of the Chilean Army
- Meeting of the Worlds
- Reformation Day
- All Saints’ Day
- Immaculate Conception Day
- Christmas Day
Visas
Chile provides a variety of visas for different travel and residency purposes. Some of the common visas which are available in Chile include the following:
- Tourist Visa – This is typically issued for citizens from many countries and allows them to stay in Chile for up to 90 days.
- Work Visa – For individuals who are planning to work in Chile, this visa requires sponsorship from an employer in Chile. Applying for this visa usually involves submitting contracts and supporting documents to prove employment.
- Student Visa – For people intending to study in Chile. An acceptance letter from a recognized educational institution is required to apply.
- Residence Visa – There is a broad range of residence visas, including ones for retirees, investors, and individuals who have familial ties to Chilean citizens.
- Temporary Visa – This visa is designed for anybody who is planning to stay in Chile for a limited period.
- Permanent Visa – This visa is for those seeking long-term or permanent residence in Chile. To acquire this, individuals typically need to have previously held a temporary visa, show financial stability, or have family ties to Chile.
Taxes
Chile has a corporate tax rate of 27%, however there is a reduced rate of 25% for small-to-medium enterprises (SMEs). This was implemented in 2020. The nation provides one of the lowest tax rates on labor, at just 7% (compared to the OECD average of 34.6%). Chile also has no wealth tax, capital duties, transactional taxes, or taxes on property.
Cultural information
Chile’s culture is as diverse as its landscapes. Its foundations lay in its rich history, which is influenced by a variety of indigenous and European traditions. Family, community, and relationships are very important to Chileans, and this is also often present in business relationships.
Sharing many similarities with neighboring Argentina, football is a very important part of Chilean culture, and brings families, friends, and communities together.
Most Chileans identify with Christianity, with the majority of those adhering to Catholicism. Like most of Latin America, Chile’s official language is also Spanish; this is spoken by 99.3% of the population.