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Company Formation Chile

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Chile remains one of the most business friendly countries in all of Latin America to form a company in. Its abundance in resources, lucrative mining industry, and ease to do business in are some of the reasons for the success the Chilean market is experiencing. Although it is enticing, it can be difficult to do business in a country where one does not fully understand the regulations and laws to form a company there. In order to help you get a better insight on the steps in this process, our Chilean business experts have created a company formation presentation for Chile.

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Company Formation Chile

  1. 1. How to Form a Company in Chile? www.bizlatinhub.com
  2. 2. Why Incorporate a Company in Chile? Diverse range of attractive business sectors Incentives for foreign investment Multiple Free Trade Agreements Abundance of natural resources Strong GDP growth
  3. 3. Types of Legal Entities Company by Shares Limited Liability Company Corporation Branch Office The majority of companies that are established in Chile are Companies by Shares (Sociedad por Acciones S.p.A). This presentation will outline the process of forming a Company by Shares.
  4. 4. Fact Sheet S.p.A. Yes Is foreign ownership allowed? Yes Can the company sponsor foreign employees? No Are there capital controls? 6 - 8 weeks once all documentation is received How long does it take? (including bank account) No Is there a minimum share capital? 1 Shareholder What is the minimum number of shareholders? Yes Are a fiscal address and legal representation required?
  5. 5. How to do it. In order to successfully incorporate your company, you will have to follow the steps outlined in this presentation. There are 7 main steps involved in this process.
  6. 6. Step 1 A POA is a legal document that enables Biz Latin Hub to form the company on your behalf. Draft and Sign a Power of Attorney (POA)
  7. 7. Step 2 All company shareholders must obtain a local tax ID number. Obtain Local Tax ID Numbers for Shareholders
  8. 8. Step 3 The company bylaws define a company’s purpose and how it will operate. Create the Company Bylaws
  9. 9. Step 4 Before all required local, state and national authorities. Register the Company
  10. 10. Step 5 Register with the national tax authority and obtain the company ID number (RUT) and tax ID number. Obtain the Company ID number
  11. 11. Step 6 You will have to open a corporate bank account and deposit the required capital to activate it. Open and Activate a Corporate Bank Account
  12. 12. Step 7 Subscribe the initial company capital and begin operations. Initial Company Investment
  13. 13. Biz Latin Hub is a market leader in helping individuals and companies to successfully do business globally and has multilingual services that are reliable, tailored and responsive. Our group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting our clients to navigate their way through the complexities of the global business environment. We can help!
  14. 14. See how our services can support your global expansion. Due Diligence Accounting & Taxation Commercial Representation
  15. 15. Are you ready to expand globally? Contact us now. contact@bizlatinhub.com www.bizlatinhub.com

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