How to Do International 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 some rules govern businesses in those areas. You therefore need to take some time to find out about all the laws there. There are such laws in Chile you need to know about.
You need to know more about Chilean business ethics. How people dress in most of the developed world is not so strict. Chile still retains the old ways of business etiquette. You therefore need to watch how you dress. You need to be punctual, in formal attire, and use formal language. You have to be seen to be professional here. You need to shake the hand of wherever you are meeting. 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. Your business contacts matter more than any other asset. You will notice a lot of family members occupy most offices. The same is in the government offices. Special favors are thus handled expediently. There are people in certain key positions you need to know well. There is no easier way to do business here.
It is important that you register your business with the right authorities. 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 do not want trouble later when they find out you skipped certain protocols. There are recognized printing companies in which you are supposed to print out all financial records. You then need to get a working license down at the municipal office in the area you will be running the business. You need to also arrange for insurance for the business, and it’s employees. You can read more about it here.
You will discover more benefits when you learn Spanish, which is the primary language. If you get fluent in it, you will have an easier time interacting with your clients. You need to observe a lot of formality when you are communicating as well. This means that you cannot expect an immediate reply to an email, fax, letter, or phone call. This culture makes it hard for businesses to move as fast as they ought to. You, therefore, need to get into the habit of doing follow-ups.
These points shall make it easy for you to start your business in Chile. You need to study the culture and ways of doing business. This is how you avoid trouble later.