Please find the most recent information by visiting the following link: https://www.bizlatinhub.com/register-company-chile-business-incorporation-formation/ Doing Business in Chile - Provided is a detailed guide on the process for incorporating a company in Chile, including information on the types of companies in Chile, the duration to form a company in Chile, information about the initial capital requirements for a new legal entity in Chile and other key requirements for establishing a company in Chile. Furthermore, the steps on how to form the most common type of company in Chile and to open a corporate bank account are provided. Proudly provided by the Biz Latin Hub Group - www.bizlatinhub.com - Latin America´s leading provider of Market Entry and Back Office Services in both English and Spanish

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CHILE

2. Latin America's leading provider
of market entry and back office
services
How to Form a
company in CHILE
2
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3. The Biz Latin Hub group was established in 2014
to assist both local and foreign companies doing business in
Latin America, by providing a full suite of multilingual
Market Entry and Back Office Services.
The group is owned and managed by an experienced team
of local and expat professionals, dedicated to assisting
clients navigating their way through the complexities of the
Latin American business environment
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How to Form a Company in Chile
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4. 8 STEPS
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How to Form a Company in Chile
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5. 5
STEP 1- Choose the Type of Legal
Structure For Your Business
Needs
How to Form a Company in Chile
There are number of different legal structures you
can choose from when forming your company:
- Corporation (sociedad anónima)
- General Partnership (sociedad colectiva)
- Limited Liability Company (Sociedad de Responsabilidad
Limitada) and Company by Shares (SpA)
- Association (Associación, or Cuentas en Participación)
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Limited
Liability
Company
This presentation will outline the process of setting up a:
The majority of companies that are set up in Chile are Limited
Liability Companies (SRL).
*The appropriate one for you depends on your business needs

6. How to Form a Company in Chile
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• Yes
Is Foreign Ownership Allowed?
• Yes
Can Company Sponsor Foreign
Employees?
• No
Capital Controls
• 6-8 weeks
How Long Does it Take (Including Bank
Account)
• USD 500 recommended
Minimum Capital?
• Yes
Requires a Fiscal Address and
Legal Representation?
• Chilean Peso or USD Dollars
Currency
• 1
Min Number of Shareholders
Key Considerations When Forming
a Company in Chile
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7. STEP 2- Power of Attorney
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Get the ball rolling…
Whether you have someone you trust in Chile, or you
need to hire the services of a third party to incorporate a
Company in Chilean soil, a power of attorney must be
drafted and signed.
The idea is to provide the agent with all faculties needed
to represent you or your foreign company in the country
so that you can form the company in a lawful manner.
How to Form a Company in Chile
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8. STEP 3- Bylaws
Define what your company will do…
In Chile, companies legally come into existence when the
bylaw is signed at the local Notary.
A local trustworthy lawyer must draft the bylaw which
will state and regulate all of the main aspects and affairs of
the company such as name, purpose, duration, capital,
transitory administrator, managers etc.
How to Form a Company in Chile
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9. STEP 4- Publication
Just a formality…
An extract or excerpt of the bylaw needs to be published
in a Chilean Official Newspaper or Newsletter within 30
or 60 days; depending on the type of company.
How to Form a Company in Chile
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10. STEP 5 - Registration
The go-to place…
An extract or excerpt of the bylaw must be
registered in the Chilean Commerce Registry
Custodian within 30 or 60 days; depending on the
type of company.
The existence, validity and particularities of
companies are determined by the public and binding
records held by this Custodian.
How to Form a Company in Chile
10www.bizlatinhub.com

11. STEP 6- Shareholder´s
Tax ID Number
It is quicker than it sounds..
In accordance with Chilean Corporate Law, all
foreign nationals (individuals and companies) that
don’t have residence or domicile in the country and
intend to own local based companies, are regarded
as investors.
As investors, a tax ID number must be granted by
the Internal Revenue Service.
How to Form a Company in Chile
11www.bizlatinhub.com

12. STEP 7- Company´s Tax ID
Number
Almost there…
In order for the company to start operating, a tax ID
number must be granted by the Internal Revenue
Service.
How to Form a Company in Chile
12www.bizlatinhub.com

13. STEP 8 - Bank Account
Get the wine opener ready!
Finally, you just need to open a corporate bank
account to conclude the company formation process
in Chile!
Then you are able to start conducting business in a
steady and thriving commercial hub.
How to Form a Company in Chile
13www.bizlatinhub.com

14. DO NOT FORGET
All Companies in Chile REQUIRE…
How to Form a Company in Chile
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A LEGAL REPRESENTATIVE
Must be a Chilean national, or a foreign national
with the legal right to live and work in Chile.
A FISCAL/ DOMICILE
ADDRESS
An address as part of the company
registration.
Biz Latin Hub
Can provide these
services!

15. We Can Help!
15
Biz Latin Hub is a
market leader in
helping local and
foreign companies to
successfully do business
in Latin America
For more
information
please contact
Karl at
Multi-lingual
services that are:
-Reliable
- Economic
- Tailored chile@bizlatinhub.com
How to Form a Company in Chile

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