Expanding your business into Chile opens the door to one of Latin America’s most stable and dynamic economies. With solid institutions, access to international markets, and a growing innovation ecosystem, Chile has become a strategic hub for companies seeking to grow in the region.
1. Incorporating a Company in Chile
A foreign company can operate in Chile by creating a local legal entity. The choice of structure depends on your business strategy, the scale of investment, and long-term goals.
Chile offers two main systems for incorporation:
- General Registry System – traditional and formal, involving a public deed, publication in the Official Gazette, and registration with the Commercial Registry.
- Simplified System (“Tu Empresa en un Día”) – faster and digital, allowing companies to be incorporated online within a short time frame.
Most popular legal entities include:
- Individual Limited Liability Company (EIRL) – for entrepreneurs looking for a simple yet legally separate structure.
- Limited Liability Company (Ltda.) – ideal for small to medium partnerships (2–50 partners).
- Corporation (S.A.) – suited for larger projects requiring shareholder participation.
- Stock Company (SpA) – highly flexible and increasingly chosen by foreign investors.
Each option has its own benefits regarding liability, management, and scalability—choosing the right one can be decisive for the success of your business.
2. Establishing a Branch of a Foreign Company
Another way to operate in Chile is by setting up a branch office, which allows your company to operate directly under its original legal entity.
This requires appointing a Chile-based legal representative and formalizing documents such as:
- Certificate of incorporation and good standing
- Company bylaws
- Power of attorney
Once notarized and published, your branch will have full legal recognition to operate in Chile.
3. Opening a Business Bank Account in Chile
To operate effectively, you will need a corporate bank account. Requirements vary by bank, but generally include:
- For individuals: ID, proof of solvency, and registration of signature.
- For companies: proof of incorporation, Chilean tax ID (RUT), and representation documents.
Having a local account not only simplifies operations but also enhances credibility with clients, suppliers, and government institutions.
Why Chile?
Chile offers more than just legal security—it’s a gateway to opportunities. With its tax treaties, investor-friendly environment, and programs that foster entrepreneurship, the country provides the ideal conditions for international businesses to thrive.
👉 At Produncan Lands, we specialize in guiding foreign investors and entrepreneurs through every step of this process. In addition, we focus on the sale of premium land and rural properties in Chilean Patagonia, one of the most pristine and promising real estate markets in South America. With us, you’ll have a trusted partner to establish your business in Chile quickly, securely, and strategically.
