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Company Incorporation in Chile

How to start a Chilian limited company. Incorporation or formation of a company in Chile.

 

 

Company Incorporation in Chile

chile

One of the main problems with the implementation of a company in Chile is the obligation to appoint a legal representative who is Chilean or resident in Chile. Their major role is to represent the company before the Internal Revenue Service, and above all is to make monthly tax declarations.

Sociedad de Responsibilidad Limitada (The Limited Liability Company) in Chile

The company used most is the Sociedad de Responsibilidad Limitada, which can be civil or commercial use. Responsibility is limited to the total value of shares of a particular shareholder. For all companies there a public Deed of Incorporation, an extract of which is registered in the Commercial Register and published in the Official Journal, with all subsequent amendments thereto

Sociedades Anónimas (Public Limited Companies) in Chile

This is the form most used for large-scale enterprises.

The Incorporation Process in Chile

We need all the data of the Shareholders and Directors to form the company the first time. Then:

  • The deed of incorporation is signed in front of a notary and An extract of the Deed of Incorporation is lodged at theConservador de Comercio which keeps all official company documents.
  • The publication of extracts from the Company Statutes is published in the Official Gazette.

With the Public Limited Companies, and sometimes with the Limited Liability Companies: You have to draft the first Act of the Board, where we ratify the appointment of directors. We must also appoint the Chairman of the Board (President of the society), the Secretary and the Treasurer. Typically, a general manager takes all the posts ..

The RUT number

Key to open a bank account, is the RUT number, which allows the company to start trading.