Medinah Minerals (MDMN)

[roundmot_6]

Foreign Investment Statute, D.L. 600 / Rights under D.L. 600

* Home
* Regulations & Procedures
* Foreign Investment Statute, D.L. 600
* Rights under D.L. 600

Foreign Investment Contract

Under this optional regime, foreign investors bringing capital, tangible assets or other forms of investment into Chile can request to sign a Foreign Investment Contract with the state of Chile. This contract establishes the rights and obligations of both parties and cannot be modified or rescinded unilaterally by either party.

Requirements for signing a DL 600 contract

DL 600 can be used by:

1. Foreign individuals

2. Foreign legal entities including:
a) Companies (in any of their legal forms)
b) Corporations and foundations
c) Foreign states
d) International organizations

3. Chilean individuals and legal entities domiciled abroad.

The Foreign Investment Committee may set a minimum amount for applications for a Foreign Investment Contract. As of August 2008, this limit stood at US$5 million for investments in currency and US$2.5 million for investments taking other forms.

A Foreign Investment Contract is a solemn contract signed by a foreign investor and the state of Chile, setting out the rights and obligations of investors using DL 600 and the commitment of the state of Chile to authorize the transfer of foreign capital under the terms of this law.

http://www.cinver.cl/english/regulaciones/derechos_contrato.asp