10 steps to incorporating in Chile in 2024

Healy Consultants will efficiently and effectively project manage our Clients’ Chilean company incorporation engagement, providing detailed email status updates every week:

1. Prior to Chile company incorporation, our Client i) settles Healy Consultants’ fees, ii) signs and returns our engagement letter and iii) provide us all the required due diligence documents;
2. Healy Consultants drafts a detailed engagement project plan for our Client, including corporate bank account opening, office space, taxation and visas. This engagement plan maps out by week each step to engagement completion, optimising transparency and setting Client expectations;
3. Healy Consultants assists our Clients determine i) what type of Chile business entity is required, ii) if business license is required, iii) banking and cash flow considerations and iv) employment visa strategies;
4. Chilean or foreign individuals who reside abroad are required to appoint a legal representative or agent resident in Chile. Our Clients usually request Healy Consultants to be the nominee Chilean resident director. Alternatively, our Clients can appoint their preferred local director;
5. After the company structure is agreed with our Client, Healy Consultants will i) reserve company name and ii) prepare incorporation forms for Client’s signature and notarization (including POA, if applies);
6. If the Client does not wish to travel for incorporation in Chile, every director and shareholder must legalize at the Chile Consulate a Power of Attorney, together with their passport copies for the purpose of individual tax and company registration. Thereafter Healy Consultants starts with individual RUT application and company incorporation. Healy Consultants will be happy to guide our Clients in all the above procedures;
7. After the above steps are complete, Healy Consultants will email our Client the company public profile and certificate of incorporation. Thereafter Healy Consultants publishes the legal documents in the Official Gazette and in the Commercial Registry. If required, Healy Consultants will help the company register with the tax authorities (SII) to obtain a Tax Identification Number and the Municipal Licence;
8. After Chile incorporation, Healy Consultants assists our Client open a corporate bank account, preferably with an international bank such as HSBC, Citibank (Banco Edwards Citi) or Santander. Where possible, Healy Consultants bank account opening team will liaise with the bank, so that our Clients do not need to travel for an account opening interview;
9. After the engagement is complete, Healy Consultants couriers a full company kit to our Client, including original corporate documents, unopened bank correspondence and a Client feedback survey;
10. To support the incorporation process in Chile, Healy Consultants provides our Client a Chile office address for invoicing purposes. Additionally, many Clients request telephone, fax and email support for their company following entity establishment. Alternatively, our Client may request a full Chile virtual office.