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Company formation in Chile
Comprehensive assistance in company formation, including banking services
How to form a company in Chile
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Chile and opening a bank account in Chile
2
Payment of services
Payment of our services for company formation in Chile and/or bank account assistance in Chile
3
Company formation
We register a new company in Chile for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Chile
You can incorporate a limited liability company in Chile and open a corporate bank account remotely.
1. Founders that would like to register a company in Chile can either be resident or non-resident in Chile. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Chile. It is not required to register a company in Chile with a resident individual as one of its shareholders or directors. However, it is required to register a company in Chile with a resident legal representative.
3. One individual can register a company in Chile and simultaneously be a shareholder and a director in this company if such company is registered as a SRL (a limited liability company).
4. There is no requirement for creating substance in Chile - no need to hire local employees or rent an office in order to register a company in Chile or to conduct business in this jurisdiction.
5. Minimum share capital that is required to register a company in Chile as a SRL (a limited liability company) is not established.
6. Information about company founders, shareholders and directors after company registration in Chile is complete is publicly available in the state corporate register.
7. We can help you register a company in Chile, as well as open a corporate bank account remotely, on the basis of a power of attorney.
2. A resident or a non-resident individual can be a company director in Chile. It is not required to register a company in Chile with a resident individual as one of its shareholders or directors. However, it is required to register a company in Chile with a resident legal representative.
3. One individual can register a company in Chile and simultaneously be a shareholder and a director in this company if such company is registered as a SRL (a limited liability company).
4. There is no requirement for creating substance in Chile - no need to hire local employees or rent an office in order to register a company in Chile or to conduct business in this jurisdiction.
5. Minimum share capital that is required to register a company in Chile as a SRL (a limited liability company) is not established.
6. Information about company founders, shareholders and directors after company registration in Chile is complete is publicly available in the state corporate register.
7. We can help you register a company in Chile, as well as open a corporate bank account remotely, on the basis of a power of attorney.
Cost of services
Formation of a SRL
Timeline - 15 business days
Timeline - 15 business days
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Advantages of incorporating a company in Chile
Attractive business-environment
- Multiple active free trade agreements: CPTPP, CLFTA, Associate Member of Mercosur
- Location of Chile allows to establish maritime trade with North, Central and South American states, as well as with Asian and Pacific states
- Vast natural resources
- Well-developed infrastructure
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Multiple free trade zones
- R&D tax incentives
- Multiple double tax treaties
No foreign exchange controls
- Chile state regulations do not impose foreign exchange controls. Individuals and business entities, either resident or non-resident in Chile may open bank accounts in local banks in any currency
Ease of establishing and doing business
- No minimum share capital requirement to register a company in Chile as a SRL
- Remote company formation and remote banking assistance in Chile is available
- 100% foreign ownership of a company in Chile is available
More about Chile
Republic of Chile is located in the western part of South America. Chile has a territory of 756,096 square kilometers. Chile borders Argentina, Bolivia and Peru and has access to the Pacific Ocean. The capital city of Chile is Santiago, the largest city and the location of key government institutions.
Population of Chile amounts to around 17,6 million people.
Population of Chile amounts to around 17,6 million people.
Official currency of Chile is Chilean peso (CLP).
Chile is considered as a high-income economy. Chile has the highest degree of economic freedom in South America. Chile is the world's leading producer of copper, and growth in GDP is driven by exports of minerals, wood, fruit, seafood, and wine.
In terms of foreign trade, the largest goods contributing to the country's export are copper, iron ores, food products, chemicals, chemical wood pulp, paper, as well as fish, fruits, vegerables, berries and nuts, wheat, maize, wine.
Imports of Chile consist of energy, petroleum, oil, natural gas, electrical machinery and equipment, cars and vehicles, electric conductors, consumer goods, medicaments.
Primary trading partners of Chile are China, the USA, Japan, South Korea, Brazil, Peru, Argentina, Mexico, France, Spain, Netherlands, Germany, Italy.
The GDP of Chile grew by 11.7% in 2021 and amounted to USD 317 billion. Tertiary sector makes up 56.5% of the GDP of the country, followed by industry sector at 31.5% and agriculture at 4%.
Chile is considered as a high-income economy. Chile has the highest degree of economic freedom in South America. Chile is the world's leading producer of copper, and growth in GDP is driven by exports of minerals, wood, fruit, seafood, and wine.
In terms of foreign trade, the largest goods contributing to the country's export are copper, iron ores, food products, chemicals, chemical wood pulp, paper, as well as fish, fruits, vegerables, berries and nuts, wheat, maize, wine.
Imports of Chile consist of energy, petroleum, oil, natural gas, electrical machinery and equipment, cars and vehicles, electric conductors, consumer goods, medicaments.
Primary trading partners of Chile are China, the USA, Japan, South Korea, Brazil, Peru, Argentina, Mexico, France, Spain, Netherlands, Germany, Italy.
The GDP of Chile grew by 11.7% in 2021 and amounted to USD 317 billion. Tertiary sector makes up 56.5% of the GDP of the country, followed by industry sector at 31.5% and agriculture at 4%.
International business expands to Chile and incorporates a company in Chile primarily in food industry, financial services, commerce, IT, construction, healthcare, energy, tourism and infrastructure projects.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- national defense
- nuclear energy
- mining
- television
- telecommuncation and radio
- air transport
- water freight transport
- fossil fuel deposit ownership
- operational activity of airports and seaports
- postal services.
- Corporate income tax - 27%. Tax returns are filed on an annual basis. Advance income tax payments are made each month
- Dividend withholding tax - 35%
- Interest withholding tax - 35%
- Royalties withholding tax - from 0% up to 30%
- Capital gains tax - 35%
- VAT - Standard tax rate 19% or additional rates from 15% up to 50% or tax exempt. Tax returns are filed on a monthly basis
- Personal income tax - from 0% up to 40%.
Apart from such traditional business entity types as a limited liability company (Sociedad de Responsabilidad Limitada - SRL) and a public limited company (Sociedad Anónima - S.A.), corporate law in Chile offers to incorporate a company in Chile as:
1. General partnership (Sociedad Colectiva - S.C.)
2. Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
3. Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
4. Simplified corporation (Sociedad por Acciones - S.p.A.)
5. Branch of a foreign company (Sucursal)
To receive a detailed description of the company formation procedure in Chile and information about documents necessary for company formation in Chile please contact our experts.
1. General partnership (Sociedad Colectiva - S.C.)
2. Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
3. Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
4. Simplified corporation (Sociedad por Acciones - S.p.A.)
5. Branch of a foreign company (Sucursal)
To receive a detailed description of the company formation procedure in Chile and information about documents necessary for company formation in Chile please contact our experts.
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Phone: +44 20 8157 4037
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128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
