No matter the size of your business, Chile offers the high market demand and resources needed to make your business thrive. If you`re looking to move and/or expand your business, Chile might be the place for you. Starting a business in Chile makes sense for almost all types of entrepreneurs. A permanent agency is an agency that is incorporated in Chile but retains its headquarters abroad through its parent company. Do business through an agency or branch in Chile without starting a new business. While the rest of Latin America and the Caribbean has seen a decline in foreign direct investment over the past three years, Chile saw a 14% increase in 2015, bringing in $20 billion, making it the third largest recipient of FDI in the region. With the growth of the middle and upper classes and a new push by the government to diversify investment sources, Chile is a very attractive investment destination for multinational companies, start-ups, start-ups and investors. This is the perfect time to start the visa process and invest in Chile. Chile is now one of the best countries in South and Central America for tech start-ups. It overtakes its closest competitor in America, Panama, at least in attracting tech startups.

Marketing Permission: By submitting this form, I agree that Biz Latin Hub may contact me via email using the information I have provided in this form and to provide me with updates on operations, company formation, entity compliance, accounting, back-office services, PEO and/or for marketing purposes. Regardless of size or industry, investments in Chile offer a stable environment in terms of innovation and economy, with general forecasts of economic growth and controlled inflation. This makes it attractive for foreign investment. Step Six: We are now coming to the end of the business creation process in Chile. The penultimate step of this whole process requires the company to obtain a “Municipal Patent”. It is essentially a work license that can be obtained from the local community. This basically confirms the legal status of the company and allows the company to operate without problems. Starting a business in Chile as a foreigner can choose our 7 steps. In order to obtain a RUT as a foreigner – person or company – it is necessary to grant a power of attorney to a Chilean person. The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool to prevent corrupt business practices for the benefit of free and fair markets. The FCPA prohibits prohibiting, offering, giving or approving anything of value to a representative of a foreign government if the purpose is to obtain or retain business. These prohibitions apply to U.S.

persons, whether individuals or corporations, as well as U.S. publicly traded companies. The law also requires publicly traded companies in the United States to maintain accurate books and records and perform appropriate internal controls. If you`re not sure if you want to start a business, you can always try working in Chile. To start a business in Chile, you need to form a limited liability company (LLC). In recent years, investors and owners of small, medium and large companies have been attracted to Chile because of the low tax rate, economic and political stability, the degree of technological modernization and, above all, the abundance of opportunities in the service sector. Chilean laws are constantly changing and can sometimes be complicated to understand. Therefore, hiring a local account and a lawyer who is familiar with local laws is a must for the smooth running of your business. You also need to choose the right type of business structure for your business. Below, we`ve compiled a brief summary of the different types of businesses you can start in Chile. If you`re planning to do business in Chile, here are a few steps you might want to consider when you get started: The differences between Chile and Panama are that Chile focuses on tech startups, while Panama has targeted call centers that want you to hire locals.

Chile allows you to bring as many members of your own people as you want, from your home country or elsewhere (e.g. India). It`s best to become a Chilean citizen to start a new business – a process that takes five years. As a citizen, you have the same rights as Chileans, including the ability to apply for loans and have access to a bank account with credit. Step Seven: The final and final step in starting a business in Chile requires the business to sign up for workers` compensation insurance. It is a must for all companies operating in Chile, whether local or foreign. It essentially ensures that workers working for the company are safe and have insurance coverage in case something goes wrong. Companies must usually be constituted by a public deed and the signatures of the parties involved must be approved before a notary. The articles of association specify, among other things, the nature of the company, its sector of activity, its partners or initial shareholders and their respective capital contributions, how they will share in profits, how they will react in the event of losses. In this section you will find information about business visas, travel tips and anti-corruption tools.

The process of starting a business in Chile is the easiest in Latin America. However, this must be done with the assistance of an authorized legal representative. In Chile, a legal representative is the competent legal authority of the company. The responsibilities, duties and rights of the company are taken over by them, which underlines the importance of the role. Choosing the right legal representative is essential to the success of the business. When starting a business, it is important to employ an experienced legal representative who has legal expertise in the relevant industry. When setting up a mining company, it is advisable to hire a legal representative who specializes in mining to avoid conflicts with legal compliance rules. Subscribe to our newsletter to receive the latest business news and advice on business formation, legal entity compliance, accounting, back office and tax requirements. When starting a business in Chile, there are specific cultural differences worth considering: if you are a sole proprietor looking to start a business in Chile, this is the best option for you.