For the updated version please visit the following page: https://www.bizlatinhub.com/company-formation-chile/ Chile remains one of the most business friendly countries in all of Latin America to form a company in. Its abundance in resources, lucrative mining industry, and ease to do business in are some of the reasons for the success the Chilean market is experiencing. Although it is enticing, it can be difficult to do business in a country where one does not fully understand the regulations and laws to form a company there. In order to help you get a better insight on the steps in this process, our Chilean business experts have created a company formation presentation for Chile. We hope this helps! If you have any more questions about how to incorporate your company in Chile, find the contact sheet at the bottom of this page to get in touch with us. 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 Doing Business in Mexico - Provided is a detailed guide on the process for incorporating a company in Mexico, including information on the types of companies in Mexico, the duration to form a company in Mexico, information about the initial capital requirements for a new legal entity in Mexico and other key requirements for establishing a company in Mexico. Furthermore, the steps on how to form the most common type of company in Mexico 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

1. Chile – How to Form a Company
in Chile?
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2. ABOUT US
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
Commercial Representation and Back Office Services.
The group is owned and managed by an experienced
team of local and expat professionals, dedicated to
assisting clients to navigate their way through the
complexities of Latin American business environment.
www.bizlatinhub.com

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8 Steps

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Step 1 – Choose the Type of Legal
Structure for Your Business Needs
There are number of different legal
structures you can choose from when
forming your company:
• S.A. (Sociedad Anónima)
• S. de R.L.(Sociedad de Responsabilidad
Limitada)
• Associates name and "y compañía" or
Associates name and "y -
sucesores"(Sociedad en Nombre Colectivo)
• S. en C. (Sociedad en Comandita Simple)
• S. en C. por A. (Sociedad en Comandita
por Acciones)
• S.A.S. (Sociedad por Acciones
Simplificada)
The majority of companies that are
set up in Mexico are Sociedad
Anónima de Capital Variable and
Sociedad de Responsabilidad
Limitada de Capital Variable.

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Key Considerations When Forming a
Company in Chile
• Yes
Is Foreign Ownership Allowed?
• Yes
Can Company Sponsor Foreign Employees?
• No
Capital Controls
• 4-5 weeks
How Long Does it Take (Including bank account)
• No
Minimum Capital?
• Yes
Requires a Fiscal Address and Legal Representation?
• Mexican Peso
Currency
• 2 (Except S.A.S.)
Min Number of Shareholders

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Step 2 – Power of Attorney
Get the ball rolling…
• Whether you have someone you trust
in Mexico, or you need to hire the
services of a third party to incorporate a
company on Mexican soil, a power of
attorney must be drafted and signed.
• The powers of attorney can be drafted
abroad and has to be certified by a
local notary and then apostilled or
legalized in the same country.
• The idea is to provide the agent with all
faculties needed to represent you or
your foreign company in the country so
that he/she can form the company in a
lawful manner.

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Define what your company will do…
• You have to carry out a search for your
company name and get it officially
approved by the government.
• Once the company’s name has been
approved it is time to start drafting the
bylaws and articles to create the
incorporation document.
• The incorporation document must
contain the following information:
- The purposes of the company
- Information regarding the partners
involved
- The fixed capital established to
found the company
• Keep in mind that a company must have
at least 2 partners (Except S.A.S.)
Step 3 - Bylaws

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Step 4 – Formalization of the
Incorporation Document
Getting Formal…
• Once you have the company’s
incorporation document drafted, it is
required to be certified with the public
notary.
• The public notary will provide you with
an official certificate of incorporation.

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Step 5 – Registration of Company with
Local Tax Authorities
Getting the Tax Number…
• Having the official certificate of
incorporation and a proof of address
with the company’s name allows you to
register the company with the Mexican
Tax Authority.
• This will allow you to obtain your tax
number known as the RFC.
• Jointly with the RFC, the agent will
obtain an electronic certificate (FIEL)
which is necessary to process
accounting movements. Examples of
this include changes of fiscal address,
presentation of monthly or yearly
declarations etc.

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Step 6 – Opening of Mexican Bank
Account
• With the certificate of incorporation, the
RFC number, and a proof of address, the
agent can now open a company bank
account.
• The bank has to approve the
documentation provided by the agent.
This will take one week. Once approved,
the opening of the bank account will be
ready in another week.
• Keep in mind that each bank has its own
additional requirements to authorize the
opening of a bank account.
• All banks have different limits to how
much you can deposit in them but the
Put the money in the bank!

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Step 7 – Registration of Company
One more registration, one step closer
to finishing…
Once the company is duly incorporated
the agent has 40 business days to get the
registration with the RNIE.

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Step 8 – Registration with RPC (Public
Registry of Commerce
The final step!
• While the agent is completing all the
paperwork and registrations, the public
registration number will be getting
processed.
• Getting this registration number takes
approximately 1.5 months.

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Do Not Forget!
All Companies in Mexico require…
A LEGAL REPRESENTATIVE
Must be a Mexican national, or a
foreign national with a legal right to live
and work in Mexico.
A FISCAL/ DOMICILE
ADDRESS
An address as part of the
company registration
Biz Latin Hub
Can Provide These
Services!

15. CONTACT US
www.bizlatinhub.com
Buenos Aires – Argentina
Argentina@bizlatinhub.com
Panama City – Panama
Panama@bizlatinhub.com
Belize City – Belize
Belize@bizlatinhub.com
São Paulo – Brazil
Brazil@bizlatinhub.com
Guayaquil – Ecuador
Ecuador@bizlatinhub.com
Santiago – Chili
Chili@bizlatinhub.com
Bogotá – Colombia
Colombia@bizlatinhub.com
México City – México
Mexico@bizlatinhub.com
Lima – Peru
Peru@bizlatinhub.com

16. OUR SERVICES
www.bizlatinhub.com
• Commercial Representation Services
• Company Formation Services
• Visa Processing Services
• Accounting & Finance Services
• Legal Services
• Due Diligence Services
• IT Support Services
• Recruitment Services

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