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Chilean company
For operations carried out through a separate Chilean legal entity, with its own assets and liability.
Learn more →Invest in Chile
Establish and operate your business in Chile with one local team
We coordinate the structure, incorporation, representation, accounting, tax, back office and ongoing compliance of your operation in Chile.
Initial assessment
Tell us how you plan to enter or operate in Chile
Your activity, ownership, home jurisdiction and expected timing allow us to identify the structure and services that should be assessed.
- SpA company or branch establishment.
- Legal representation and registered address.
- Tax commencement, accounting and payroll.
- Back office and banking coordination.
Who it is for
Situations where we usually come in
- An international company opening a Chilean subsidiary
- A foreign group executing a project in Chile
- An investor incorporating a Chilean company
- A company that needs local representation
- An existing operation that needs to get compliance in order
- A group that needs permanent accounting and back office
Client profiles
TechnologyProfessional servicesInternational tradeIndustrial and mining suppliersExpanding startupsProjects under executionGroups with a subsidiary, agency or branch
These profiles are illustrative. Sector experience and the specific scope should be confirmed with the firm before engagement.
Market-entry structures
Three common ways into the Chilean market
Branch of a foreign company
For extending the operations of an existing foreign entity into Chile, without creating a new company.
Learn more →Acquisition or shareholding
For entering the market through an investment in, or the acquisition of, an existing Chilean business.
Learn more →
The right structure depends on legal, tax, banking, corporate and
commercial factors. The information on this page is general and does not
replace a professional assessment of your project.
Market-entry routes
A closer look at the main market-entry routes
The right structure depends on how the operation will actually run, its relationship with the foreign entity, and the objectives of the investment.
01
Chilean company
This can suit operations that need a separate Chilean entity: local hiring, local invoicing, its own assets, and a structure kept distinct from the foreign company or investor.
What we coordinate
- Initial structuring decisions
- Incorporation of the company
- Admission of foreign shareholders
- Powers of attorney and legal representation
- Chilean tax ID (RUT)
- Commencement of activities
- Tax domicile
- Accounting and tax set-up
- Support with bank account opening
02
Branch of a foreign company
This can suit extending an existing foreign company’s activities into Chile while keeping a direct link with the parent entity. It is also referred to as an agency or branch.
What we coordinate
- Review of the foreign entity’s records
- Corporate documents
- Powers of attorney
- Apostille and translation where applicable
- Establishment of the branch in Chile
- Appointment of the agent
- Registrations and publications
- Chilean tax ID (RUT)
- Commencement of activities
- Ongoing accounting and tax compliance
03
Acquisition or shareholding
This can suit entering the market by acquiring all or part of a Chilean company, investing capital, or coming in as a shareholder.
What we coordinate
- Initial review of the transaction
- Legal, tax and accounting due diligence
- Definition of the acquisition structure
- Share purchase or investment agreements
- Shareholders’ agreements
- Corporate amendments
- Powers of attorney
- Closing coordination
- Post-closing compliance
Remote coordination
A process that can be coordinated remotely
Setting up a company or operation in Chile can be coordinated without travelling. Depending on the structure and the documents involved, steps can be taken through powers of attorney granted abroad and, where applicable, using electronic signature.
We coordinate remotely the preparation of documentation, the incorporation or establishment, the initial registrations and the set-up of the operation.
Some documents keep specific formalities: powers of attorney executed before a notary, legalisation or apostille, translation and, in certain cases, appearance before a Chilean notary. We confirm the applicable list before starting.
What we coordinate
The workstreams we bring under one coordination
Bank account opening and any process before a public authority depend on
third parties. We prepare, submit and follow up on documentation; we do
not guarantee approvals or timelines.
- Legal and tax structuring
- Company formation or establishment
- Powers of attorney and foreign documentation
- Tax registrations
- Local legal representation
- Business and tax domicile
- Commencement of activities
- Documentation support for banking
- Accounting and payroll
- Contracts
- Back office
- Ongoing compliance
The process
Six stages, from diagnosis to ongoing compliance
01
Diagnosis
We review the activity, the shareholders, where documents will be issued and the goals of the operation.
02
Proposal and scope
We set out in writing what the work covers, who does what and what depends on third parties.
03
Documents and due diligence
We collect and review the required corporate and identity documentation.
04
Incorporation and registrations
We coordinate the incorporation or establishment and the corresponding tax registrations.
05
Operational enablement
Domicile, representation, banking documentation, invoicing and go-live.
06
Ongoing compliance
Accounting, payroll, filings, contracts and recurring reporting.
Service plans
Plans to establish and operate your business in Chile
Select the scope that best fits the stage of your project. The final proposal is confirmed after reviewing the structure, activity and needs of the operation.
The plans are complementary. For example, incorporating the company usually requires a legal representative in Chile: if you do not have one, the Local Representation and Back-Office Support plan includes it along with basic administration.
These are standard plans for smaller-scope setup projects, with capital of up to USD 5,000. For operations with higher capital amounts, or that require special services, we quote based on the project.
Chile Setup
Incorporation and initial enablement
For companies and investors who need to structure, incorporate and initially enable their presence in Chile.
- Initial diagnosis meeting
- Structure definition and incorporation of an SpA, or coordination of an agency
- Investor tax ID and commencement of activities
- Document coordination and initial representation for filings
- Documentation support for bank account opening
- Initial compliance roadmap
Local Representation and Back-Office Support
For companies that need representation, administrative support and a permanent point of contact in Chile.
- Local legal representation
- Receipt and coordination of documentation
- Administrative support and operational follow-up
- Banking coordination and supplier relations
- Permanent local point of contact
Accounting and Tax Compliance
For companies that need to keep their accounting and recurring tax obligations in order.
- Monthly accounting
- Recurring tax filings
- Review and coordination of supporting records
- Basic reporting and compliance follow-up
- Coordination with the Chilean IRS when applicable
Integrated Chile Desk
For foreign groups that require a coordinated solution bringing together establishment, representation, accounting, tax and back office.
- Integral coordination of the operation
- Single point of contact
- Scope adapted to the operation
- Ongoing support
- Integration with external specialists when applicable
- Reporting and follow-up per proposal
Custom proposal
Prices are indicative and may vary depending on the structure, activity, volume and complexity of the operation. Taxes, government fees, notarial costs, registrations, apostilles, translations, banking charges and third-party services are not included unless expressly stated in the proposal.
Bank account opening and approvals from public authorities depend exclusively on each institution.
The amounts for these plans are VAT-exempt, expressed in US dollars.
Frequently asked questions
Questions from foreign companies and investors
Not necessarily. The process can be coordinated remotely through
powers of attorney and the available signature mechanisms, subject to
the formalities that apply to the structure and the documents
involved.
As a general rule yes, subject to special requirements applicable to
certain regulated activities. We confirm this against your specific
activity.
Shareholder residence is generally not a requirement for ownership. A
person domiciled in Chile may, however, be needed for certain
representation duties.
Usually through powers of attorney executed before a notary in your
home country and then legalised or apostilled. We provide the required
wording before you sign.
Typically powers of attorney, articles of association, good-standing
certificates and identity documents issued outside Chile. The exact
list depends on the issuing country and the structure.
Timelines depend on the structure, on the availability and
legalisation of foreign documents and on third-party processing times.
We do not offer guaranteed timelines; we do provide an estimated
schedule when the scope is agreed.
No. Opening an account is each bank’s own decision, subject to its
onboarding and anti-money-laundering policies. We prepare the
documentation and support the process.
These depend on the applicable regime, the activity and whether it
generates taxable transactions. We explain the recurring and annual
obligations before activities commence, based on the rules in force at
the time of the advice.
The contribution must be recorded in the corporate documentation and
supported by the relevant banking and foreign-exchange records. We
coordinate that evidence with your bank and your team.
The scope is defined in writing: which acts it covers, what requires
prior authorisation, how the parent company is kept informed and on
what terms the mandate can end.
Typically accounting, payroll, recurring filings, back-office support
and, where applicable, local legal representation.
Preliminary general information. It is not professional advice and does not guarantee outcomes, timelines or approvals.
Izquierdo Deramond Consultores is a private and independent
professional services firm. It is not part of, affiliated with or acting
on behalf of the Government of Chile, the Chilean Internal Revenue
Service or any other public authority.
Let’s talk about your entry into Chile
Get an initial read on the structure and services you may need to establish or strengthen your operation.