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Company Formation Chile

Updated on Wednesday 25th April 2018

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Chile has lately become an attractive location for foreign investors who want to set the grounds of a new company. 

Foreign businessmen who want to invest in Chile should contact a team of company formation experts, who can provide specialized consultancy and assistance throughout the entire process of company incorporation in Chile.

Business entities in Chile

As a foreign entrepreneur, before investing in Chile, you have to choose which type of company best suits your interests and there are various options you can choose from. Here are some of them: the limited liability company, the joint stock company and the branch or the representative office. However, the most commonly preferred legal entity is the limited liability company.
If you want to set up a company in Chile, these are the requirements for the limited liability type:
- minimum one shareholder 
- at least one director (the nationality has no importance and he/she does not have to be a Chilean resident), 
- a minimum  share  capital  of  only  1$,
- appointing an attorney to represent the company, given the fact that the director is not a resident of the country.

How to register a company in Chile

There are a few steps to be followed in the process of registering your company in Chile: 
1. In order to open a company in Chile, you start by obtaining an authorization number after you have drafted the documents of association from an online platform (that has been active since the year of 2013).
- this needs to be done in order to get a digital signature;
- then a notary has to certify the statutes by means of a digital signature; entrepreneurs can contact our team in order to receive more information about this online process.
2. Second step of the process is to notify the Internal Revenue Service about the fact that you are starting economical activities in Chile. Our company formation agents can help you contact this institution and comply with its demands.
3. Then you have to print invoices and other documents in an authorized printing company, with the only specification that the IRS format is a requirement.

• Since the beginning of 2014, companies with earnings higher than 3,750,000$ a year, have to use electronic invoices. This law will also apply to smaller businesses as of July 2016. 
4. Another step of a company registration in Chile is obtaining a working license from the Municipality and if the company has any other offices a separate license will be issued for them.
5. Finally you need to go to the Mutuales de Seguridad (institution in charge of security measures), in order to pay an insurance for possible work-related accidents of your employees.
The whole process of forming a company in Chile can take a couple of weeks to which you also add the time for opening the bank account, but Bridgewest agents can assist you in the proccess of company formation in Chile, as well as in other countries of the world.



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