Registering a company in Chile is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Department of Companies and Commerce and the Chilean Internal Revenue Service. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Chile. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this vibrant and business-friendly country. Following the steps outlined in this guide will help you navigate the registration process and provide a solid foundation for your new venture. Remember to keep up to date with any changes in regulations or requirements, as this will ensure the ongoing success and compliance of your business in Chile.
Step 1: Choose your company type
The first step in registering a company in Chile is to choose the type of company you want to register. The most common types are:
- Limited Liability Company (Sociedad de Responsabilidad Limitada - SRL)
- Corporation (Sociedad Anónima - SA)
- Simplified Corporation (Sociedad por Acciones - SpA)
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Department of Companies and Commerce (Departamento de Empresas y Comercio) has guidelines for acceptable names, which can be found at this link: https://www.srcei.cl
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Incorporation (for SRL, SA, and SpA)
- Application for Company Registration (for all types)
These forms can be downloaded from the Department of Companies and Commerce's website: https://www.srcei.cl
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for SRL, SA, and SpA) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Chile requires a minimum capital of CLP 2,000,000 for SRLs and no minimum capital for SA and SpA. There is no minimum capital requirement for branches of foreign companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Department of Companies and Commerce. This can be done in person at their office or online via the following link: https://www.srcei.cl
The fees for registering a company are as follows:
- SRL: CLP 100,000 (approximately $125)
- SA: CLP 200,000 (approximately $250)
- SpA: CLP 200,000 (approximately $250)
- Branch of a foreign company: CLP 200,000 (approximately $250)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Chilean Internal Revenue Service (Servicio de Impuestos Internos - SII). This can be done in person at the local Tax Office or online via the following link: https://www.sii.cl
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 2 to 6 weeks, depending on the complexity of your application.