How can a foreign company start operating in Chile?

Companies may choose between three different options: - Creating a branch of a foreign legal entity - Establishing an autonomous Chilean Corporation. - Merger and Acquisition. About this given options, the client can freely choose among them. One of the few exceptions can be found in “regulated markets” such as Fund-managing companies, Banking Institutions or [...]

2018-08-03T16:04:22-03:00September 13, 2017||0 Comments

What is the procedure to incorporate a Branch or Agency of a foreign legal entity?

As stated, this option doesn’t create an independent company in Chile, but stablishes a subsidiary of a main, foreign entity. Therefore the first step of this procedure is to elaborate a public deed containing legal and financial information about the company, document that must be legalized according to Chilean laws and procedures. If the original [...]

2017-09-13T15:43:57-03:00May 25, 2017||Comments Off on What is the procedure to incorporate a Branch or Agency of a foreign legal entity?

How do I establish an autonomous Chilean Corporation?

If a foreign citizen wants to establish an autonomous Chilean Corporation he must obtain a “Foreign Investor ID” (explained below). Once obtained, and if he is not in Chile, he must also grant power of attorney to a Chilean citizen so he can act in his name, towards Chilean notary or Chilean electronic registration system. [...]

2017-09-13T15:45:15-03:00May 25, 2017||Comments Off on How do I establish an autonomous Chilean Corporation?

Which Chilean Corporations can I incorporate?

Corporations in Chile can be Publicly-held Corporations, Closely-held Corporations, Simplified Corporations, Limited Liabilty Companies, Individual Limited Companies and Collective Associations. The most recommended corporations to make business in Chile are Publicly-held Corporations, Closely-held Corporations and Simplified Corporations. More detail about this options here.

2017-09-13T16:00:12-03:00May 25, 2017||Comments Off on Which Chilean Corporations can I incorporate?

What’s next after I have incorporated my company?

Once the company has been incorporated, it has the obligation to complete the form “Start of business declaration” towards the IRS (Servicio de Impuestos Internos in Chile). This must be done in a period of two months since the company has started to generate taxable actions. About this point, even thou there is no legal [...]

2017-09-13T15:52:04-03:00May 25, 2017||Comments Off on What’s next after I have incorporated my company?