Chile- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

How to Hire an Employee in Chile?

How to Hire an Employee in Chile?

After successfully completing your company formation in Chile, it is time to start hiring personnel. However, employing staff in Chile differs from other countries. It is if of vital importance that employers are aware of their obligations with regards to employment in order to stay compliant with local law. In this article, we will provide valuable information which should be taken into account when engaging staff in Chile.  Employment Law - What Are the General Benefits for Employees in...

Professional Employer Organisation (PEO) / Employer of Record Services – Latin America

Professional Employer Organisation (PEO) / Employer of Record Services – Latin America

Today, more than ever before, the global economy is an open book. To truly establish yourself as a major player in whatever industry your company operates in, limiting yourself to the confines of one country is rarely sufficient to achieve your personal and organisational ambitions. Indeed, in the light of new trade deals between Europe and Mercosur and the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) which will open up Peru, Chile and Mexico to unprecedented...

Branch vs Subsidiary / Local Company in Chile? Corporate Law Santiago

Branch vs Subsidiary / Local Company in Chile? Corporate Law Santiago

Chile´s business environment has become very attractive for foreigners looking to engage in commercial activities over the past years. Chile was the first Latin American country to join the OECD and is considered the most stable and prosperous country in the region. However, due to legal and cultural variations, setting up a business in Chile can be somewhat complicated.  Previously, we have published articles on forming a branch in Chile and registering a company in Chile. In this article, we...

Corporate Secretarial Services Latin America?

Corporate Secretarial Services Latin America?

Latin America can be a somewhat complicated region for multinational companies in regards to compliance with corporate regulations, state legislation and bureaucratic obstacles. Companies seeking to invest and operate in Latin America face substantial amounts of administrative processes that can impact on time, money and resources. This impact is multiplied by the need to comply with laws that are often difficult to interpret and are applied inconsistently.  Keep reading to learn how a local...

What Are The Business / Company Accounting and Taxation Requirements in Chile?

What Are The Business / Company Accounting and Taxation Requirements in Chile?

Chile offers many opportunities for business from its attractive mining industry to its growing startup environment. The Chilean business environment is also attractive to foreign investors. It has an economy with positive growth perspectives, a business-friendly president and well developed financial markets. However, to do business in Chile, one must be aware of the local business/company accounting and taxation requirements. Keep reading and ensure you stay compliant with the Chilean...

Steps to Create / Set-Up a Branch of a Foreign Company in Chile

Steps to Create / Set-Up a Branch of a Foreign Company in Chile

Chile has continued to grow as one of the most attractive commercial jurisdictions in Latin America. The South American powerhouse has a stable economy and a political environment welcomes foreign participation. Furthermore, Chile scores highly on the ease of doing business ranking published by the World Bank. However, as legislation regarding company formation differs from country to country, it might still be complicated to start a business in Chile. In recent informative pieces, we have...

What is a Power of Attorney (POA) / Poder? Latin America Company Incorporation

What is a Power of Attorney (POA) / Poder? Latin America Company Incorporation

Author: Felipe Guzman Ayala There is a common misconception that in order to form/register a company in Latin America, you have you be physically present at the time of the company incorporation. Incorporation processes such as filing documentation, registering with local authorities, preparing the company by-laws, opening a corporate bank account etc can be complex and time-consuming.  A Power of Attorney (POA) / 'Poder' is a useful tool that simplifies the company formation process, allowing...

Chilean Mining Law: Regulatory Framework You Need to Know

Chilean Mining Law: Regulatory Framework You Need to Know

The mining of natural resources in Chile contributes to a significant portion of the country’s gross domestic product (GDP) and is a great source of foreign investment. If you are interested in starting a business venture in mining, it is important to understand the laws governing this sector. Read on to learn more about the laws concerning mining in Chile. 1.  Chile Mining Law - Mineral Resources Framework  Chile is known for mining four (4) main natural resources. They are: Copper Molybdenum...

Chilean Accounting and Tax Compliance Requirements

Chilean Accounting and Tax Compliance Requirements

The legalities for running a business in Chile are similar to those of other Latin American countries. However, there are a few differences concerning taxes, documentation, and licensing that are important to note in your research of Chilean business practices. Chile Accounting and Taxation Requirements - Tax Rates Chile has four main taxes: Value Added Tax (VAT), Stamp tax, Customs duties, and corporate and personal income taxes. Other tax rates and rules are listed below: The Corporate...

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