CHILE Law and Practice Contributed by: Francisca Levin, Benjamín Torres, María Paz Dulanto and Antonia Silva, Cuatrecasas
9. Foreign Direct Investment/Subsidies Review 9.1 Legislation and Filing Requirements Chile does not currently have a general FDI screening regime nor foreign subsidies legislation that evaluates cross-border investments. In other words, there is no requirement for separate filings or approvals beyond those required under the Chilean merger control rules for foreign investment specifically, other than post-closing registration for - malities before the Central Bank of Chile. However, Chilean law does contain certain restrictions for for - eign investors in specific circumstances, and there are industry-specific regulatory requirements that apply to both domestic and foreign companies, regardless of general competition law or merger control rules, as explained in 1.2 Legislation Relating to Particular Sectors .
This area has nevertheless attracted increasing politi - cal and academic attention in recent years, particu - larly in response to international developments and local public debate regarding ownership of critical infrastructure projects, and two bills relating to FDI were introduced recently to the Chilean Congress. See “Legislative Initiatives on a Potential FDI Screening Regime” in the Trends & Developments article.
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