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Hiring employees recruitment requirements in chile

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Chile remains as the most stable region in Latin America to conduct business activities. Chiles open business environment, the range of attractive sectors/industries, a highly educated workforce (many whom are fluent in English) make the region a great place to conduct business activities.

When hiring staff in Chile, you have (2) options. Check out the presentation below and discover the methods to hire staff in Chile in addition to employer obligations.

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Hiring employees recruitment requirements in chile

  1. 1. Hiring Employees + Recruitment Requirements in Chile www.bizlatinhub.com
  2. 2. www.bizlatinhub.com Key Considerations: Employment Find below, some of the key considerations that should be taken into account before contracting staff in Chile No – instead employers use fixed term employment agreements Is there an employee probation period? Yes Do staff need a local employment contract? Yes Can expatriate staff be hired? Minimum of 15 days Vacation entitlement Max employer contribution is 24- 26% Total cost of employment Employers Who manages withholding tax? • Profit sharing • Medical Insurance • Life Insurance • Savings fund Employee benefits
  3. 3. www.bizlatinhub.com Pathways to Hiring Staff Through a local legal entity Through a PEO solution: Professional Employer Organization
  4. 4. Forming a Legal Entity in Chile www.bizlatinhub.com In Chile, there are (3) main types of legal entities: Corporation (SA), Limited Liability Company (SRL) and Joint Stock Company (SpA) Advantages: • Greater control of your employees • Better knowledge of local market, laws and regulation • Viewed more positively than a PEO solution Disadvantages: • High set-up/ongoing costs • Administration involved in managing a local company • Accounting and tax obligations
  5. 5. Professional Employer Organization www.bizlatinhub.com Advantages: • You can operate without forming and maintaining a local entity • Limited legal responsibility • Cost-effective way to convert international contractors into employees Disadvantages: • The PEO becomes a co-employer • Loss of control • Costs involved with PEO services • Compromised company culture International PEO is a method to employ staff without having your own company
  6. 6. www.bizlatinhub.com contact@bizlatinhub.com Are you looking to hire staff? As you are now aware, you have two options to hire staff: a) Through a Local Legal Entity or b) Through a PEO solution Need assistance hiring employees? Partner with Biz Latin Hub to learn how we can support you and your business in Latin America
  7. 7. Doing Business in Chile? Learn More Here! www.bizlatinhub.com Branch vs Subsidiary/Local Company in Chile? Corporate Law Santiago What Are The Business/Company Accounting and Taxation Requirements in Chile? Steps to Create/Set-Up a Branch of a Foreign Company in Chile

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