Research into a Destination Country for Business
For you to succeed in business in Chile, you need to prepare for it adequately. Now is a good time to set certain things straight before heading there. Our technological world has brought us closer, and so has it done this for businesses. But you still need to respect the rules at the destination. You therefore need to take some time to find out about all the laws there. As for Chile, there are a few things you need to know.
You need to know more about Chilean business ethics. How people dress in most of the developed world is not so strict. But in Chile, there is still a high degree of formality. This means you need to go for business meetings appropriately dressed. You need to be punctual, in formal attire, and use formal language. You have to be seen to be professional here. No matter who you are meeting, you are expected to shake hands. If you know them well, you are expected to exchange kisses on the cheeks, for the ladies, or embrace, for the men.
You also need to know the right people. These contacts are what will help you get things done. You will notice a lot of family members occupy most offices. This is the case with the government offices as well. Special favors are thus handled expediently. This means you will open more doors by knowing people in strategic offices. If you have such contents, business will be hard.
You need to do proper business registration. There are websites where you can do it. You need to follow the procedures correctly if you are to get the right approvals from all concerned bodies. You will face the wrath of the law if you miss any of them. You need to also keep all financial records after printing them at an approved printing company. You also need to go to the municipal offices where your business shall be based, to get a working license. You then need to get insurance for the business and its employees. You can read more about it here.
There is a lot you shall accomplish once you learn to speak Spanish. Getting fluent in it will lead you to learn more about your clients and to trade with them. There is also a lot of formality when it comes to communication. IT is, therefore, customary for you not to get a fast response to an email, fax, letter, or phone call you made. This habit has made it hard for businesses to be at their most efficient. you will soon learn to get into the habit of doing follow-ups.
You will have an easier time doing business in Chile if you stick to these points. You need to know more about their culture, and do your paperwork well. This is how you avoid trouble later.