KPMG: Chile is third most attractive country in the Americas for regional investment in 2009Published: October 27, 2008
The "Capital Flows in Latin America 2008" interviewed 140 company managers responsible for investment strategies in seven Latin American countries about which countries they were targeting to invest in the short and medium term.
According to the study, Chile will receive 15% of the flows invested by these companies over the next year, putting it on par with Argentina and topped only by Brazil (21%) and the United States (19%).
Regarding investment decisions, the executives surveyed -from Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela- prefer to invest in the region; overall, 63% of their investments will end up in Latin America in 2009.
According to KPMG, one of the most important factors for attracting foreign investment is tax reforms, including lower rates for foreign investments in Chile and reduced taxes on earnings for out-of-country investors.