Procedures and Requirements to create a company in Chile

If you have the desire to start and form your own business, here we will guide you on how you can do it.

In these times, we see how many people’s desire for entrepreneurship has awakened, If you are one of those people who dreams of creating and opening your own company, in this case in Chile, we are here to guide you and show you that it is possible.

Although sometimes it is complicated by the large number of procedures and requirements, or by knowing aspects such as the cost of renting the premises, or the abundant amount of competition that exists in the different categories, do not be discouraged! None of these factors should prevent you from making your dream of starting a reality come true.

Here we will help you and we will provide you with all the necessary and detailed information that you should know so that you can create your own company step by step.

Requirements to create a company in Chile

In the case of Foreigners, the processing is different and they must have the following:

1. Indicate the start of activities and obtaining the RUT of the company. This requirement is essential for everyone who lives in Chile
2. Establish the Constitution of Companies
3. Possess the Registration in the Commercial Registry
4. Have your current RUT

For Nationals, the requirements are a little simpler but essential for the corresponding institutions:

1. Submit the Contribution of businessmen or partners
2. Submit Company Name
3. Submit Proof of Address
4. Turn
5. Submit the name or names of the Representatives or the Representative

How to create a company in Chile

To create a successful company in Chile, you must complete the following steps, once the aforementioned has been submitted to the institutions.

1. Submit the Contribution of businessmen or partners
2. Submit Company Name
3. Submit Proof of Address
4. Turn
5. Submit the name or names of the Representatives or the Representative

These steps are necessary, before starting any type of work or commercial activity, Entrepreneurs must define each of the essential aspects that will govern the formed company.

Before the conformity of the Constitution of Companies, it is suggested to carry out a business plan, there are various public and private institutions that offer different types of levels of support in these branches.

1. Registration in the Commercial Registry: The registration of the Commercial Registry is required after building the company, its formal registration and publication in the Official Gazette must proceed, the events must be carried out within the framework of the following 60 days, starting the account from the day on which the Writing.
2. Deed of Constitution of Companies: In order to legally create a company in Chile, the choice of company figure must be made correctly.

Types of companies in Chile

The different types of companies that exist in Chile are defined as Commercial Companies, there are four of them that are the most used, since they limit the respective responsibilities of each one of the partners according to the individual contribution that each one has made.

The 6 types that exist are:

1. Stock Company: The person or company through shares was created as a way to simplify special corporations for those companies with venture capital.
2. Anonymous society: This is related to legal persons that originates through the Constitutional where a unique heritage is related by the different partners. These entail a responsibility that is limited to the amount of each of the contributions that each individual made.
3. Limited Liability Company: (SRL) are born in Chile, this type of company is for partners with a relationship of trust, to form this company time a minimum of 2 people and a maximum of 50 are needed.
4. Commercial Collective Society: For this company, the partners must intervene in the management and respond in an unlimited or personal way for any type of debts before the company, and they can even respond to the debts with any of their assets.
5. Limited Partnership: This type of Company is made up of two types of partners: Managers and Limited Partners, the Managing Partners manage the company and respond unlimitedly.
6. Individual Limited Liability Companies: These are made up of companies with limited senses. And they are made up and established by a single person.

Capital for the creation of a company

The capital that is required to form a company counts from the moment where the management of the different types of documents begins, since in the different institutions, the various corresponding payments are required to obtain the necessary paperwork. In addition, it is necessary to have the capital required to buy and maintain the expenses that this corresponds to.

Apart from the investment that is required, to obtain the material goods, the establishment, and all the necessary materials for its setting.

Company registration in Chile

To carry out the Registration of companies in Chile, they must have each of the requirements established by the competent institutions of the Chilean Republic, which are in charge of carrying out the formation of the different companies, for their registration they must have:

1. Have your current RUT
2. Indicate the start of activities and obtaining the company’s RUT. This requirement is essential for everyone who lives in Chile
3. Establish the Constitution of Companies
4. Possess the Registration in the Commercial Registry

Once each of these documents is presented, the representatives can present the classification of their company by selecting it according to the corresponding concepts:

1. Stock Company: The person or company through shares was created as a way to simplify special corporations for those companies with venture capital.
2. Anonymous society: This is related to legal persons that originates through the Constitutional where a unique heritage is related by the different partners. These entail a responsibility that is limited to the amount of each of the contributions that each individual made.
3. Limited Liability Company: (SRL) are born in Chile, this type of company is for partners with a relationship of trust, to form this company time a minimum of 2 people and a maximum of 50 are needed.
4. Commercial Collective Society: For this company, the partners must intervene in the management and respond in an unlimited or personal way for any type of debts before the company, and they can even respond to the debts with any of their assets.
5. Limited Partnership: This type of Company is made up of two types of partners: Managers and Limited Partners, the Managing Partners manage the company and respond unlimitedly.
6. Individual Limited Liability Companies: These are made up of companies with limited senses. And they are made up and established by a single person.

And in this way they can be formally entered into the Registry of any classified company.

Tips for starting a business

Our suggestions to carry out your venture have some clear ideas:

1. Primarily we suggest that you draw and capture what you want, which recipient or for what purpose you will project your company
2. Calculate costs before starting
3. Have the capital and even have investors or partners that contribute to the vision of the project
4. Have advertising strategies
5. Know the market or branch in which you want your company to operate, as well It is essential to know the competitions within the market
6. That the product that you are going to provide or the service is of good quality in order to obtain recommendations and gain status and recognition within the competitions
7. Evaluate the possibility of partnering with other companies
8. Stay focused on what your mission and vision and objectives of the project are
9. It is important that the employees who make up and are part of your company know the values ​​of your company, to work with true commitment and focus.
10. Have a high-quality and experienced work team
11. Work with skilled administrative teams that can keep each of the company’s documentation, payments and relations with third parties in order
12. Condition the facilities of your company according to the message you want to convey, that is safe and reliable for employees and users
13. Continuously assess the market and be open to innovative ideas
14. Keep in mind that if your project is very broad, you can execute it in various phases where each one is broken down into specific tasks, this will help you move forward safely without losing your focus.
15. Your project must be adapted to real needs, for this you can directly evaluate the population where you will work, for this you can use various tools such as: The interview, the test, the observation and among other effective tools.