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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Chile
Company incorporation, bank accounts, accounting services in Chile
Registration packages
Services
Essential
Standard
Premium
Company registration (SRL)
Annual registered address
Notary services and company seal
Personal tax ID (RUT)
Remote corporate bank account
Accounting services
Start your company in Chile
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How you can register a company in Chile with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details 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. Chile has a population of 17,6 million people.
Corporate taxation, VAT taxation, Personal taxation
- 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%.
The following are the most common types of companies to incorporate a company in Chile as:
- Limited liability company (Sociedad de Responsabilidad Limitada - SRL)
- Public limited company (Sociedad Anónima - S.A.)
- General partnership (Sociedad Colectiva - S.C.)
- Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
- Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
- Simplified Corporation (Sociedad por Acciones - S.p.A.)
- Branch office (Sucursal).
- Individuals or legal entities that are intending to register a company in Chile can either be resident or non-resident in Chile.
- A resident or a non-resident individual can be a company director in Chile. It is, however, required to set up a company in Chile with a resident legal representative.
- At least 2 shareholders are required in order to register a company in Chile if such company is incorporated as a SRL (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is necessary to receive an Personal tax ID (RUT) in Chile for every foreign shareholder and director in order to incorporate a company in Chile.
- It is not required to create substance (resident employees, office space) in Chile in order to establish a company in Chile or to conduct business in the country.
- No minimum share capital is established to start a company in Chile as a SRL (a limited liability company).
- SRL registration takes between 15 and 20 business days with the bank account taking up to 20 business days.
- Details of company founders, shareholders and directors after company registration in Chile is complete are publicly available in the state corporate register.
- With our service you can register a company and open a corporate bank account completely remotely in Chile upon a power of attorney.
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 exports of the country 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 exports of the country 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%.
Foreign entrepreneurs expand to Chile and seek to incorporate a company in Chile in order to conduct business in the following sectors:
- construction
- food industry
- financial services
- commerce
- IT
- healthcare
- energy
- tourism
- infrastructure projects.
Benefits of registering a company in Chile
Business climate
- 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
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Free trade zones that provide corporate tax incentives
- Tax incentive for R&D
- Double tax treaties with several jurisdictions
Ease of doing business
- Both the company and the bank account can be opened completely remotely
- No minimum share capital requirement for a SRL in Chile
- No foreign exchange controls
Register your company in Chile
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