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2.1. Main Formation Requirements

The establishment of a company in Chile is a fairly straight forward process that is primarily completed online via Chile's online registration platform, Tu Empresa En Un Dia . The following outlines the basic requirements for establishment:

Company Registration

  • Draft the articles of association through the online platform and obtain an authorization number
  • Have each subscriber sign the statutes using an advanced electronic signature (FEA), or complete the process through a notary that uses their own advanced electronic signature

Post Registration

  • Submit a declaration of initiation of activities to the Internal Revenue Service and register for VAT - the declarations include:
    • The nature of the proposed activities
    • The company's domicile
    • The amount of capital
  • Print company receipts and invoices in an authorized print company
  • Obtain a municipal working license (a separate license for each municipality is required)
  • Register for labor-related accident insurance

The entire process can be complete in as little as 3 days, if all documentation is in order.