Company Registration in Chile- An Overview

Aspect Details
Timeline The timeline for company formation in Chile takes around 6 to 8 weeks. (A 24-hour registration facility is also available.)
Benefits

The benefits of obtaining a company registration in Chile are as discussed below:

  • Allows access to a strong and stable economy
  • Have access to a stable currency
  • Access to a competitive and investment-friendly tax regime
  • Offer direct access to major markets in North America, Europe, and Asia
  • Enjoy enhanced business credibility and trust with partners, customers, and investors
  • Allows access to a well-established and reliable banking system
Documents Needed

The documents needed to apply for company registration in Chile are provided below:

  • Copy of power of attorney (POA)
  • Copy of certificate of good standing
  • Copy of certificate of tax residency
  • Valid passports of all shareholders and directors
  • Copy of articles of incorporation or company bylaws
  • Company incorporation deed or bylaws
  • Copy of address proof or lease agreement
  • Details of the company's purpose and name
  • Identification details of shareholders and directors
  • Apostille/ legalized bylaws of the company
  • Proof of address of the company, such as a utility bill, bank statement, etc.
  • Additional company documents (if necessary)
Eligibility Criteria

The eligibility criteria required for company registration in Chile are as follows:

  • Draft the bylaws outlining their governance, activities, and operational guidelines
  • Minimum capital required for company formation in Chile is US$1
  • A minimum of two shareholders is required
  • Must appoint a representative/ resident director
  • Use the authorized online platform to get an authorization number
  • Register with the Chilean Internal Revenue Service (IRS)
Types

The types of business structures in Chile are as follows:

  • Sole Trader (Empresario Individual)
  • Individual Limited Liability Company (EIRL)
  • Limited Liability Company (SRL)
  • Public Limited Corporation (SA)
  • Stock Company (SpA)
  • Branch/ Representative Office (Sucursal)
Top Businesses Seeking Company Formation in Nauru

The top businesses seeking online company registration in Chile are as follows:

  • Export and Import Businesses
  • Food and Beverage Processing
  • Retail and E-commerce Ventures
  • Consulting and Professional Services
  • Construction and Engineering Firms
  • Manufacturing and Industrial Units
  • Start-ups and Innovation Hubs
  • Media, Advertising, and Communication Agencies
  • Fisheries and Aquaculture Businesses
  • Pharmaceutical and Medical Supply Companies
Process

The process to obtain online company registration in Chile is as follows:

  • Step 1: Choose Your Business Structure
  • Step 2: Reserve Company Name
  • Step 3: Draft and Notarize Company Bylaws
  • Step 4: Obtain a RUT Number
  • Step 5: Open a Corporate Bank Account
  • Step 6: Register with Commercial Registry
  • Step 7: Publish in the Official Gazette
  • Step 8: Apply for Patente Municipal Working License
Post-Company Registration Compliance Requirements

The post-company registration compliance requirements are as follows:

  • Renewal of business licenses and permits annually
  • Filing of annual tax returns and VAT declarations
  • Maintaining accurate and updated financial records
  • Seal accounting books with the Chilean tax authority
  • Register for labour-related accident insurance
  • Secure registration for social security and labour compliance
  • Conducting statutory financial audits (if applicable)
  • Disclosure of ultimate beneficial owners as per Chilean law
  • Compliance with Chilean labour laws and employment regulations
  • Adherence to health, safety, and environmental standards
  • Updating company information with the Commercial Registry (if required)
  • Meeting corporate governance and shareholder reporting obligations
How Enterslice Can Help You?
  • 10+ years of global experience in Chile business incorporation
  • Supported 500+ entrepreneurs with company formation in Chile
  • In-depth knowledge of Chilean corporate and tax regulations
  • Offers a 1-hour free initial consultation to define your objectives and business strategy
  • End-to-end support with documentation and business compliance in Chile
  • Assistance with bank account opening and post-incorporation services
  • Guidance on selecting the right business structure in Chile
  • Simplify the process of starting a business in Chile
  • Understanding of Chilean corporate tax and investment laws
  • Offers a high success rate with Chile business incorporation
  • Provided due diligence support and checks for local and international clients

Your Partner for 100% Remote Chile Business Incorporation

Let Enterslice help you with 100% remote Chile business incorporation. We ensure a 100% stress-free process, saving you effort and time.

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Understanding Company Registration in Chile

Chile, one of the most attractive business destinations in Latin America, has become a top choice for multinational corporations, startups, and other investors. The country’s robust legal system, stable economy, and rich natural resources have driven remarkable growth and positioned Chile as a reliable hub for global investors. Company registration in Chile can be a blissful experience for business owners like you.

Company registration in Chile is ideal for businesses seeking global expansion in key sectors such as mining, renewable energy, agriculture, infrastructure, and technology. The country also offers a competitive tax system, modern infrastructure, and investor-friendly government policies, making it one of the top destinations for foreign investment.

With political stability, a strong financial system, and a highly skilled workforce, Chile ensures a secure and profitable environment for entrepreneurs intending to register their company. Connect us now to simplify the process of company registration in Chile.

Robust and Stable Economy

100% Foreign Ownership Allowed

Over 25+ Free Trade Agreements Worldwide

Double Taxation Avoidance Treaties

Competitive Corporate Tax System

Modern Infrastructure and Digital Connectivity

Investor-Friendly Legal Framework

Access to Skilled and Educated Workforce

Gateway to Latin America

Well-Established Banking and Financial System

Structures for Company Setup in Chile

The entrepreneurs of all sizes can choose from different types of structures for company setup in Chile. Have a look at the most common types as discussed below:

Sole Trader

Sole Trader (Empresario Individual)

A sole trader, commonly known as an Empresario Individual, is one of the simplest forms of business structure, having unlimited liability over all the business debts and obligations.

EIRL

Individual Limited Liability Company (EIRL)

EIRL

SRL

Limited Liability Company (SRL)

A limited liability company, which stands for Sociedad de Responsabilidad Limitada (SRL), is one of the most popular forms of business structure formed by 2 to 50 shareholders, and each shareholder’s liability is limited up to the amount of their capital contribution.

SA

Public Limited Corporation (SA)

A public limited corporation, which stands for Sociedad Anónima (SA), is a form of business structure that requires a group of shareholders to establish a common fund and a board of directors that administers the company.

Stock Company

Stock Company (SpA)

A stock company, which stands for Sociedad por Acciones (SpA), is one of the forms of business structure for company setup in Chile that ensures adherence to the same regulations as closed corporations.

Sucursal

Branch/ Representative Office (Sucursal)

A branch or representative office, commonly known as Sucursal, is an extension of a foreign company that operates under the foreign company’s name, engaging in commercial activities and assuming legal liabilities.

How to Register a Company in Chile?

To register a company in Chile, the entrepreneurs must comply with the straightforward process as discussed below:

Choose Your Business Structure

The first step requires the entrepreneurs to choose an appropriate business structure that aligns with their business goals.

Reserve Company Name

Next, the entrepreneurs must reserve a unique company name with the Registro de Empresas y Sociedades (RES) in Chile.

Draft and Notarize Company Bylaws

In the next step, the entrepreneurs must draft and notarize the company’s bylaws (Escritura Pública), detailing the company name, purpose, share capital, management structure, and operational guidelines.

Obtain a RUT Number

Next, the entrepreneurs must obtain a Rol Único Tributario (RUT) number with the Servicio de Impuestos Internos (SII), ensuring tax compliance, invoicing, and other financial transactions.

Open a Corporate Bank Account

Next, the entrepreneurs must open a corporate bank account to manage the financial transactions with the major banks of Chile.

Register with Commercial Registry

The entrepreneurs must submit the notarized bylaws and other required documents for registration with the Commercial Registry (Registro de Comercio).

Publish in the Official Gazette

Once all the documents are duly submitted, the entrepreneurs must publish an extract of their company’s bylaws in the official gazette of Chile.

Apply for Patente Municipal Working License

Lastly, the entrepreneurs must apply for a Patente Municipal working license issued by the local municipality where their business operates.

Timeline for Online Company Registration in Chile

The process for online company registration in Chile is surprisingly fast, with 24-hour registration for simple entities through the Empresa en un Día system. However, for traditional company setups, the timeline may vary depending on the business structure, as discussed below:

Company Name Reservation: 1 to 3 Working Days

It takes around 1 to 3 working days to submit a unique company name reservation application to the Registro de Empresas y Sociedades (RES).

Draft and Notarize Articles of Incorporation: Around 1 Week

It takes around 1 week to prepare and notarize the articles of incorporation and bylaws before a Chilean notary public

Registration with Commercial Registry: 1 to 2 Weeks

Once notarized, the timeline to secure registration with the Commercial Registry (Registro de Comercio) takes around 1 to 2 weeks.

Tax (RUC) Registration: 2 to 4 Weeks

The timeline to obtain a Rol Único Tributario (RUT) number with the Servicio de Impuestos Internos (SII) takes around 2 to 4 weeks.

Obtain Sector-Specific Permits: Varies

The time taken for obtaining sector-specific permits and licenses for regulated sectors such as tourism, food services, healthcare, or manufacturing varies

Documents Needed for Chile Business Incorporation

Given below are the documents required for Chile business incorporation-

Copy of power of attorney (POA)

Copy of certificate of good standing

Copy of certificate of tax residency

Valid passports of all shareholders and directors

Copy of articles of incorporation or company bylaws

Company incorporation deed or bylaws

Copy of address proof or lease agreement

Details of the company's purpose and name

Identification details of shareholders and directors

Apostille/ legalized bylaws of the company

Proof of address of the company, such as a utility bill, bank statement, etc.

Additional company documents (if necessary)

Benefits of Company Registration in Chile

The entrepreneurs seeking company registration in Chile get access to the ensuing benefits as discussed below:

Chile Business Incorporation

Strong and Stable Economy

Company registration in Chile allows access to a strong and stable economy, often considered one of the most developed and prosperous in South America

Stable Currency

The entrepreneurs seeking company registration in Chile get access to a stable currency, ensuring financial predictability, making it easier for businesses to plan long-term investments.

Competitive Tax System

Company registration in Chile provides access to a competitive and investment-friendly tax regime, supported by multiple double taxation treaties.

Access to Global Marketplace

With over 25 free trade agreements, the entrepreneurs seeking company registration in Chile are offered direct access to major markets in North America, Europe, and Asia.

Commercial Credibility

The entrepreneurs seeking company registration in Chile enjoy enhanced business credibility and trust with partners, customers, and investors.

Well-Established Banking System

The entrepreneurs in Chile enjoy access to a well-established and reliable banking system that supports smooth financial transactions and international trade operations.

Eligibility Criteria for Company Formation in Chile

Company formation in Chile requires compliance with the following eligibility criteria, as discussed below:

  • Draft Bylaws: The entrepreneurs must draft the bylaws outlining their governance, activities, and operational guidelines.
  • Minimum Capital Requirement: The minimum capital required for company formation in Chile is US$1.
  • Number of Shareholders: A minimum of two shareholders is required for company formation in Chile.
  • Appoint a Representative/ Director: The entrepreneurs must appoint a representative/ resident director, acting as an authorized representative on their behalf.
  • Online Platform and Notarization: The entrepreneurs must use the authorized online platform to get an authorization number for Chile company formation.
  • Register with the Internal Revenue Service: The entrepreneurs must register with the Chilean Internal Revenue Service (IRS) upon the commencement of economic activities

Industries & Businesses for Chile Business Incorporation

Chile offers a business-friendly environment with opportunities across multiple sectors. Given below are the industries and businesses that can benefit from Chile business incorporation-

Top 10 Industries Permitted for Chile Business Incorporation

  • Mining and Natural Resources
  • Agriculture and Agribusiness
  • Renewable Energy (Solar, Wind, Hydro)
  • Information Technology and Software Development
  • Financial Services and Fintech
  • Tourism and Hospitality
  • Logistics and Transportation
  • Healthcare and Biotechnology
  • Real Estate and Infrastructure Development
  • Education and Training Services

Top 10 Businesses Permitted for Company Formation in Chile

  • Export and Import Businesses
  • Food and Beverage Processing
  • Retail and E-commerce Ventures
  • Consulting and Professional Services
  • Construction and Engineering Firms
  • Manufacturing and Industrial Units
  • Start-ups and Innovation Hubs
  • Media, Advertising, and Communication Agencies
  • Fisheries and Aquaculture Businesses
  • Pharmaceutical and Medical Supply Companies

Post-Company Setup Compliance in Chile

Once your company is successfully incorporated in Chile, the business must comply with the ongoing legal and regulatory obligations to ensure smooth operations, as discussed below:

  • Renewal of business licenses and permits annually
  • Filing of annual tax returns and VAT declarations
  • Maintaining accurate and updated financial records
  • Seal accounting books with the Chilean tax authority
  • Register for labour-related accident insurance
  • Secure registration for social security and labour compliance
  • Conducting statutory financial audits (if applicable)
  • Disclosure of ultimate beneficial owners as per Chilean law
  • Compliance with Chilean labour laws and employment regulations
  • Adherence to health, safety, and environmental standards
  • Updating company information with the Commercial Registry (if required)
  • Meeting corporate governance and shareholder reporting obligations
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Why Enterslice for Online Company Registration in Chile?

Enterslice is a trusted partner that ensures seamless and hassle-free online company registration in Chile. Connect us now to expand into one of Latin America’s most stable economies.

  • 10+ years of global experience in Chile business incorporation
  • Supported 500+ entrepreneurs with company formation in Chile
  • In-depth knowledge of Chilean corporate and tax regulations
  • Offers a 1-hour free initial consultation to define your objectives and business strategy
  • End-to-end support with documentation and business compliance in Chile
  • Assistance with bank account opening and post-incorporation services
  • Guidance on selecting the right business structure in Chile
  • Simplify the process of starting a business in Chile
  • Fast and reliable turnaround for online company registration in Chile
  • Comprehensive understanding of Chilean corporate tax and investment laws
  • Offers a high success rate with Chile business incorporation
  • Provided due diligence support and checks for local and international clients
  • Offers customized solutions to meet the unique requirements of each client
  • Offers transparent pricing, with no hidden costs
  • Provides real-time legal updates and changes in Chilean laws

FAQs on Company Formation in Chile

Have a look at the following answers to the most asked questions:

The process to register a company in Chile is as follows:

  • Step 1: Choose Your Business Structure
  • Step 2: Reserve Company Name
  • Step 3: Draft and Notarize Company Bylaws
  • Step 4: Obtain a RUT Number
  • Step 5: Open a Corporate Bank Account
  • Step 6: Register with Commercial Registry
  • Step 7: Publish in the Official Gazette
  • Step 8: Apply for Patente Municipal Working License

Yes, Chile, having ample benefits, is generally considered an ideal destination to start a legal business structure. Have a look at some of the key reasons why Chile is considered the best place to start a business:

  • Allows access to a strong and stable economy
  • Have access to a stable currency
  • Access to a competitive and investment-friendly tax regime
  • Offer direct access to major markets in North America, Europe, and Asia
  • Enjoy enhanced business credibility and trust with partners, customers, and investors
  • Allows access to a well-established and reliable banking system

The minimum share capital required to register a company in Chile is US$1.

Though there is no single best business in Chile, some of the key high-performing sectors include mining, agriculture, and renewable energy.

The biggest industry in Chile is mining, with copper being its most significant export, making the country the world’s largest producer of the metal.

Yes, a foreign entrepreneur is eligible to start a business in Chile, with no restrictions on foreign ownership for most sectors, though specific strategic sectors require special contracts.

The passive income visa, commonly known as the Rentista visa or Pensionado visa, is a temporary residence visa for foreign nationals who can prove a regular, stable source of income from outside Chile, such as pensions, rental income, or investments, to support themselves.

The time frame to incorporate a company in Chile takes around 6 to 8 weeks, depending on the submission, review, and approval from the relevant authorities.

Chile company tax ID (RUT), which stands for Registro Único Tributario, is a unique tax identification number required for all businesses operating in Chile.

Yes, a legal representative, who must be a Chilean citizen or a foreigner with permanent residency, is required for company registration in Chile.

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