Register Company in Chile

Chile Company Registration with Block3 Finance

Registering a company in Chile presents a unique opportunity for foreign investors looking to enter a growing and stable economy. Known for its robust legal framework and economic stability, Chile has become a key destination for Foreign Direct Investment (FDI). In 2022, foreign investment into the Chilean economy reached US$17.10 billion, further cementing the country's position as a top choice for businesses.

With Block3 Finance, you can expect a seamless company registration process, allowing you to focus on scaling your business while we handle the incorporation details. Our goal is to ensure your Chilean company is operationally ready within the agreed timeline.

Our comprehensive services include

Chile company registration with the General Registry

Corporate bank account opening

Legal representative services

Nominee director and shareholder services

Business license and trade permit acquisitions

Registered local address

International trademark registration

Advantages of Registering a Company in Chile

Favorable Tax Environment: Chile offers one of the lowest corporate tax rates in Latin America, at just 20%, which is significantly lower than Brazil (34%) and Argentina (35%). Furthermore, dividends paid between resident companies are exempt from taxation, making Chile an attractive destination for corporate structures. The country also provides export incentives, as all exports are free from customs charges and VAT, making it an ideal location for businesses involved in international trade.

Economic and Political Stability: Chile enjoys a strong and stable macroeconomic and political environment, making it a safe place for international businesses to operate. The country’s comprehensive legal framework supports business activities, offering confidence and protection to companies looking to set up operations.

Ease of Doing Business: The Chile company registration process is efficient and typically takes around 8 weeks. With the entire process manageable through local representatives, entrepreneurs do not need to travel to Chile, which makes entry into the market easy for international investors.

Strategic Market Access: Chile’s extensive network of free trade agreements gives businesses preferential access to numerous international markets, boosting export opportunities. Additionally, Chile’s location as a gateway to South America provides significant logistical advantages for companies seeking to expand their reach in the region.

Government Support: The Chilean government supports foreign investment with a range of incentives, including tax benefits and support for research and development projects. Additionally, businesses can receive rebates for employee training costs, fostering a well-trained workforce and encouraging growth.

Infrastructure and Human Capital: Chile offers strong infrastructure in transportation, telecommunications, and energy, ensuring that businesses can operate efficiently. With a highly skilled workforce and a competitive labor market, Chile provides an environment where businesses can thrive.

Time Required for Chile Company Registration

At Block3 Finance, we complete the Chile company registration process within 8 weeks. Here’s a breakdown:

Company Name Availability Check: After receiving the necessary due diligence documents, we verify the availability of your preferred company name with Chilean authorities.

Incorporation: Once we have your company name reserved, we handle the full incorporation process, including preparing and filing all necessary documents.

Corporate Bank Account Opening: Within 4 weeks, we assist you in opening a corporate bank account with a reputable local or international bank.

Operational Readiness: You can expect your company to be fully operational and ready for business within 12 weeks from engagement.

Can Foreigners Register a Company in Chile?

Yes, foreigners can fully own a business in Chile. There are no restrictions on the nationality of the shareholders or directors. However, if the foreign entrepreneur cannot be present in Chile, a legal representative must be appointed, and this representative must be either a Chile citizen or a foreigner with a valid residency visa.

For those investing a minimum of US$500,000, it is possible to apply for an investor visa, granting them residency in the country. Block3 Finance provides expert guidance for foreign investors to navigate the company registration process smoothly.

Types of Business Entities for Chile Company Registration

Chile offers various types of business entities. The most popular forms are:

Limited Liability Company (LLC): Known as Sociedad de Responsabilidad Limitada (S.R.L.), this structure provides limited liability protection for owners, where shareholders are only liable to the extent of their capital contributions. The company can be wholly foreign-owned, with no minimum capital requirement.

Corporation (SA): Known as Sociedad Anónima (SA), this entity is a separate legal entity with capital divided into shares. It can be publicly traded or privately held and requires a minimum of 2 shareholders and 3 directors, with at least one director being a Chilean resident.

Simplified Corporation: Aimed at private entrepreneurs, this allows for a single shareholder and offers flexibility similar to a traditional corporation. It is a great choice for those looking for ease of establishment.

Branch Office: A branch office operates as an extension of an existing company rather than a separate entity. It requires a local agent to manage the registration process.

Sole Trader: Known as Empresario Individual, this structure is the simplest and is suitable for single-owner businesses, though it carries unlimited liability.

Steps to Register a Company in Chile

Choosing the Business Structure: Block3 Finance will guide you in choosing the best structure for your business, taking into account your goals and compliance needs.

Reservation of Company Name: We will check the availability of your preferred company name and assist you with its registration.

Document Preparation: We will prepare the necessary documents, including the Memorandum and Articles of Association, shareholder agreements, and other KYC documents.

Company Registration: We will submit all documents to the Chilean Commercial Registry and obtain your company registration certificate.

Publication in the Official Gazette: Once registered, your company will be published in the Official Gazette to fulfill legal transparency requirements.

RUT (Tax ID Number): We will assist with obtaining your RUT for tax purposes through the Chilean Internal Revenue Service (SII).

Trade Permits and Bank Account: We will help with acquiring necessary permits and opening a corporate bank account.

Documents Required for Chile Company Registration

Deed of Incorporation

Proof of the company’s registered address

Valid identification for all directors, shareholders, and UBOs

RUT (Tax ID) for foreign directors

Shareholder Agreement

Declaration of UBO Status

Accounting and Tax Obligations in Chile

Companies in Chile must maintain proper financial records and submit annual financial statements in accordance with Chilean GAAP. The corporate tax rate is 27% on net income, with reduced rates available for Small and Medium Enterprises (SMEs). Companies must also comply with VAT requirements and municipal taxes.

Why Register a Company in Chile?

Political: Chile is politically stable and promotes foreign business with incentives and free trade agreements.

Economic: Chile boasts strong GDP growth, low corporate tax rates, and access to international markets.

Social: The Chilean business culture is welcoming to foreign companies, with a skilled workforce in major cities.

Technological: Chile has a growing tech industry with support for innovation and digital infrastructure.

Legal: The company registration process is straightforward, and businesses enjoy privacy and legal protections.

Environmental: Chile is committed to sustainability and green initiatives, which businesses can benefit from.

Contact Block3 Finance for Chile Company Registration

At Block3 Finance, we offer expert assistance in navigating the Chile company registration process, ensuring your company meets all legal requirements and is operationally ready.

Chile