Company formation
Company registration in Chile
Register your company in Chile remotely, without moving from your desk, and start your business locally!
We offer a comprehensive, streamlined solution for setting up and maintaining your local legal entity. Trust our local team of legal experts to help you understand the types of legal entities and guide you through the complete company formation.
Setting up a new local company, including the following activities:
- Preparation of Power of Attorney (PoA) for remote incorporation for each of the four Shareholders
- Definition of the legal structure for the new company, including capital structure, management and treasury considerations among other matters.
- Foreign Shareholder’ Tax ID Procurement (One-time service): Drafting and fulfilment of the formal request before the Tax Authority of the Tax Identification Number (VAT ID) for the single UK Shareholder.
- Drafting and legalization of incorporation deed.
- Tax Identification Number processing (VAT ID) for the New Entity under The Chilean Revenue Office (SII).
- Registration of the company at the Commercial Register (Registro de Comercio).
- Publication of the new company in the Official Gazette (Diario Oficial).
Legal representation
Legal representatives must act with the diligence that would apply to their own business, we take this seriously!
In order to incorporate a company in Chile, a legal representative is required. All foreign companies and individuals that wish to initiate activities in Chile are required to have at least one statutory (legal) representative registered with the Internal Revenue Service (IRS).
According to the Chilean law, the legal representative must be an individual, Chilean or foreign, residing in Chile and, if the individual is a foreigner, the person must have a permanent visa.
Our clients can appoint their preferred local director or they could choose us to represent them to pursuit all the needed procedures. Below we show specifically in which steps a legal representative is needed: represent the company before all public entities, sign the bylaws of the company at a public notary, obtain company tax id (RUT) to initiate activities, obtain commercial patent on corresponding municipality, etc.
Chile-business’s principals are available to act as the legal representatives for our clients’ branches or subsidiary companies in Chile, though the contingent liabilities associated with this responsibility must be reviewed in each case.
Free Estimation
Request A Quote
Get a tailor-made solution for your needs today. Click here to Get A Quote quote and take the first step towards success!
Bank account opening
We can advise on local banking requirements and regulations based on our extensive local presence and understanding.
In Chile no business or company can operate in practical terms without having a bank account.
We support your Customer in selecting the appropriate bank and facilitate the access to a business bank account in an international and well- know bank. Our local network includes the major international financial banks. We will open a corporate bank account without our Client traveling.
- Know Your Customer Compliance. The process by which banks obtain information about the identity and address of the customers is Key for the approval and we Will help to expedite the bank account opening.
- It is a process by which banks obtain information about the identity and address of the customers.
- Bank Account Advisory: We will understand your business and guide you with the right bank selection to meet your banking needs. Here we will ask you questions about your planned banking, your business activity, the Ultimate Beneficial Owner (UBO) and your expected bank transaction
- Bank Account Application: We will work with you to prepare the bank account application and ensure it meets the bank’s needs. We will then submit the bank account opening application to the bank. During this stage, our team will engage very closely with the banks on your behalf to ensure bank account opening success
- Application Monitoring: We will monitor and follow up regularly with the bank until the process is completed. Once approved, our local banking team will ensure that everything is in place, including the provision of banking tokens and coordinating the initial bank account opening deposit.
Tax domicile / address
Upgrade Your Business with a Virtual Office in Chile!
The tax domicile is the basic requirement that every legal entity must comply with and must be reported through the Initiation of Activities so that the Internal Revenue Service has a registered domicile to locate the respective taxpayer.
Chile-Business offers you virtual office services so that your company can file a tax domicile with the SII and the respective municipality, an essential requirement for your company to be able to operate and start invoicing.
This Tax domicile will allow our clients to handle the Business License (Patente Municipal), mandatory procedure, once the company decide to initiate activities.
Tax Domicile: What we offer
We offer you virtual office services so that your company can file an address with the Internal Revenue Service and the respective municipality, an essential requirement for your company to be able to operate and start invoicing.
In order to start activities of a company and legal entity before the SII (Internal Revenue Service) in Chile, it is required to inform an address so that the Internal Revenue Service has a registered address to locate the respective taxpayer.
Subsequently, the accreditation of the domicile must be done, for which it will be necessary to prove before the Internal Revenue Service how the property that will be used as the domicile of the company will be occupied.
Contact us today!
We will be delighted to assist you in doing business in Chile