What Encourages Investors to Start Their Business in Chile?

  • Chile is the largest copper and lithium exporter in the world.
  • There are governmental policies that encourage foreign investors, such as providing tax incentives and exemptions to investors.
  • It does not take much time to set up the company in Chile.
  • Mining has helped strengthen the economy of the country.

Also read: A Simplified Definition of Commercial Law

What Are the Steps to Establish a Company in Chile?

  • Completing the company’s foundation documents by filling in an online form and obtaining a documentation number.
  • Registering the company with the company registry.
  • Sending a notice of commencement of activities to the Internal Revenue Service Corporation.
  • Obtaining a digital certificate for issuing tax documents from the Internal Revenue Service Corporation.
  • Getting a work permit.
  • Obtaining insurance against work-related accidents.

Also read: The Most Important Branches of Commercial Law

Types of Companies in Chile

  • Enterprise.
  • Public partnership.
  • Limited Liability company.
  • One-person company.
  • Shareholding company.

Also read: The Importance of Having a Commercial Lawyer Before Starting Your Investment