Chile, conocido por su estable economía y su apertura al comercio internacional, se ha convertido en un destino atractivo para los emprendedores brasileros. Hoy te enseñaremos los pasos para constituir una empresa en Chile desde Brasil.
Benefits of opening a company in Chile from Brazil
Chile has established itself as an attractive destination for entrepreneurs Brazilians, thanks to a favorable economic environment and unique business opportunities.
Con un marco regulatorio que promueve la inversión extranjera y una estabilidad política y económica envidiable dentro de América Latina, emprender en Chile ofrece oportunidades únicas para los empresarios Brazilians who seek to expand their operations in the region.
In addition, the multiple advantages, such as the ease of creating companies and access to international markets, make Chile a strategic bridge.
Here is a brief summary of the benefits of starting a business and incorporating a Brazilian company in Chile:
Chile-Brazil Free Trade Agreement (TLC) (2018)
Although Brazil it was already part of the Economic Complementation Agreement (ACE 35) of Mercosur, the bilateral TLC with Chile expanded the areas of cooperation and deepened trade and services exchange.
Advantages for Brazilian entrepreneurs
- Mutual recognition of certificates: Simplifies trade procedures for products and services.
- Fewer non-tariff barriers: Reduction of bureaucratic procedures and logistics costs.
- E-commerce facilities: Both countries cooperate to promote and streamline digital platforms, which benefits e-commerce ventures.
- Mobility of people: Simplification of the process for business visas and greater agility for travel related to investments.
- Protection of foreign investment: Regulatory stability for investments, providing legal certainty to entrepreneurs.
Economic Complementation Agreement No. 35 (ACE 35 – Mercosur)
- Preferential access to the Chilean market: Through this agreement, Brazilian products enter Chile with tariff preferences.
- Free movement of goods: Lower tariffs for merchandise, which facilitates the import of equipment and supplies from Brazil.
- Agreements in public procurement: Brazilian companies can participate in public tenders in Chile under the same conditions as local companies.
- Logistics facilities: Improvements in land and maritime connectivity between both countries, boosting bilateral trade.
Reciprocal Investment Promotion and Protection Agreement (APPRI)
- This agreement provides guarantees to Brazilian investments in Chile, protecting investors from abrupt regulatory changes, arbitrary expropriations, or discrimination.
- International arbitration: In case of conflicts, disputes can be taken to international dispute resolution bodies.
Specific treaties and additional benefits for Brazilian entrepreneurs
1. Agreements to avoid Double Taxation
- Although currently Chile and Brazil do not have a treaty in force to avoid double taxation, both countries have advanced in tax cooperation to prevent companies from being taxed on the same income in both territories.
- In practice, this is reflected in tax deductions and preferential treatment for investments seeking to operate internationally.
2. Facilities for Business Mobility and Visas
- Mercosur Residence Agreement: Brazilian citizens can access temporary residence visas with ease, which allows living and working in Chile without additional complications.
- Fast business visas: For short visits related to meetings or market exploration, business visa processing is quick and direct.
3. Standardization in Technical and Sanitary Standards
- The FTA includes the harmonization of technical and sanitary standards, which allows many Brazilian products to meet Chilean standards without the need for new certifications.
Advantages for Brazilian Entrepreneurs in Chile
- Access to international markets: Establishing a company in Chile provides access to other countries of the Pacific Alliance (Mexico, Colombia, Peru) and agreements with the European Union and Asia.
- Political and economic stability: Chile offers a favorable environment for business, with legal certainty and fiscal stability.
- Pro-entrepreneurship ecosystem: Chile has support programs for startups, such as Start-Up Chile, and an attractive tax regime for small and medium-sized enterprises (Pro Pyme).
These agreements and treaties consolidate a strategic trade relationship between Brazil and Chile, providing a favorable environment for Brazilian entrepreneurs seeking to expand.
The ease of capital mobility, the simplification of procedures, and access to broader markets make Chile an attractive option for internationalization projects from Brazil.
Preferential access to international markets
Chile es uno de los países con más tratados de libre comercio en el mundo, lo que te permite, desde Chile, exportar productos y servicios a mercados como Estados Unidos, la Unión Europea, y Asia con ventajas arancelarias. Esto convierte a Chile en una excelente plataforma para la expansión global de tu empresa brasileña.
Ease of exports
Thanks to bilateral agreements, Brazilian entrepreneurs who establish a company in Chile can take advantage of favorable conditions for exporting products to Brazil and vice versa. This includes lower trade barriers and simplified customs procedures.
Tax benefits
In addition to the elimination of tariffs on various products, Chile offers a competitive tax environment, with a stable and transparent tax policy, which allows you to better plan your investments and reduce costs.
Access to financing and stability
Chile is recognized for its economic and political stability, lo que lo convierte en un país atractivo para inversores extranjeros. Los tratados también incluyen disposiciones que protegen las inversiones y fomentan un clima empresarial seguro, ideal para proyectos a largo plazo.
Ease of digital trade
With the increase in online businesses and fintechs, the TLC regulations between Chile and Brazil also cover aspects related to digital trade, facilitating the provision of remote services, the security of electronic transactions, and data protection.
Create a company in Chile from Brazil no solo te abre las puertas a nuevos mercados, sino que también te permite aprovechar todas las ventajas de estos tratados, consolidando a tu empresa en un entorno propicio para el crecimiento y la expansión.
Ease for Foreign Investments from Brazil
Chile cuenta con una legislación que protege y facilita la inversión extranjera. La Ley de Inversión Extranjera (Ley 20.848) garantiza el derecho a transferir capitales y utilidades al extranjero, lo que brinda security for Brazilian investors who seek to generate business in the country.
Chile has Economic and Political Stability
Chile is known in the region for its economic stability, with an open and competitive market economy. It has a solid regulatory framework, which reduces the risks of abrupt changes in fiscal or trade policies, providing greater predictability for business owners.
Competitive Chilean Tax System
A pesar de que Chile tiene un sistema tributario desarrollado, es comparativamente favorable para los emprendedores extranjeros. El impuesto a las utilidades es razonable y existen incentivos tributarios para empresas que invierten en innovación y desarrollo, especialmente en sectores como el tecnológico o agroindustrial.
Chilean Infrastructure and Connectivity
Chile es un país que ha invertido significativamente en infraestructura, especialmente en telecomunicaciones y transporte. Esto es clave para emprendedores brasileños que busquen conectarse con el resto del mundo de manera eficiente. Además, Chile es considerado uno de los países con better digital connectivity in Latin America.
Access to International Markets
Chile tiene una de las redes de tratados de libre comercio más extensas del mundo, con acuerdos que cubren más de 60 países. Desde Chile, un emprendedor brasileño puede acceder no solo al mercado chileno, sino también a mercados en Asia, América del Norte y otros países latinoamericanos en condiciones preferenciales.
Chilean Local Talent
Chile cuenta con una fuerza laboral capacitada, especialmente en áreas como la tecnología, finanzas y agroindustria. Además, el país está impulsando programas educativos y de formación técnica para seguir elevando la calidad del talento disponible para las empresas.
Ease of Creating Companies
En Chile, la creación de empresas es un proceso ágil y sencillo. Por ejemplo, la Sociedad por Acciones (SpA) es un modelo societario flexible, que permite al emprendedor iniciar su negocio sin necesidad de múltiples socios y con un capital mínimo bajo, facilitando la entrada de nuevos negocios, especialmente aquellos que buscan agilidad.
Entrepreneurial Environment and Innovation Ecosystem
Chile se ha posicionado como un hub de innovación en América Latina. Con programas de apoyo al emprendimiento como Start-Up Chile, los emprendedores extranjeros pueden beneficiarse de financiamiento, redes de contacto y apoyo institucional para el desarrollo de sus proyectos.
Quality of Life and Natural Environment
Chile offers a excellent quality of life, con ciudades seguras y bien conectadas. Además, cuenta con una diversidad geográfica impresionante que va desde el desierto de Atacama hasta la Patagonia, lo que lo convierte en un destino atractivo no solo para hacer negocios, sino también para disfrutar de un entorno natural único.
Creating a Company in Chile from Brazil
To take advantage of these benefits, consider the following steps:
- Choosing the legal structure: Decide among options such as a Limited Liability Company, Corporation, or Individual Limited Liability Company.
- Obtaining the RUT: Manage the Rol Único Tributario for your company and legal representatives.
- Drafting and notarization of bylaws: Prepare the corporate bylaws and notarize them before a public notary.
- Registration in the Commercial Registry: Formalize the incorporation of the company and publish it in the Official Gazette.
- Registration with the SII: Register with the Servicio de Impuestos Internos to comply with tax obligations.
- Opening a bank account: Establish an account with a Chilean financial institution for commercial operations.
Final Considerations of the agreements between Chile and Brazil
Aunque no existe un Tratado de Libre Comercio amplio entre Chile y Brasil, los acuerdos y convenios existentes han fortalecido el intercambio comercial y han creado un entorno favorable para la inversión extranjera. Como emprendedor brasileño, puedes beneficiarte de:
- Chile’s economic and political stability: A country recognized for its institutional solidity and openness to international trade.
- Market opportunities: Access to a diversified economy with high purchasing power.
- Cost reduction: Thanks to tariff preferences and simplified procedures.
Al entender y aprovechar estos acuerdos, tu proyecto de crear una empresa en Chile desde Brasil puede ser más fluido y exitoso. Los marcos legales y comerciales establecidos brindan una plataforma sólida para la expansión y crecimiento de tus negocios en el mercado chileno.
Legal Requirements and Types of Companies in Chile
To create a company in Chile from Brazil, it is essential to understand the different types of business structures.
The most common are the Limited Liability Company (LLC) and the Company by Shares (SpA).
- SRL: Ideal for small and medium-sized companies, with a limited number of partners.
- SpA: Offers greater flexibility in management and the possibility of issuing shares, facilitating the incorporation of investors.
Both types of entities require the drafting of bylaws and their registration in the Commercial Registry, or its incorporation under the model of Company in a Day., in addition to obtaining a Rol Único Tributario (RUT) for the company.
You can see all types of companies explained in detail on our blog: https://iberocapital.cl/en/legal/types-of-companies-in-chile/
Company incorporation process in Chile if you are Brazilian
Below, we explain step by step how to incorporate your company in Chile from Brazil:
Obtain a Foreign Investor RUT (Tax ID)
This step must be done by a person in Chile, or you can appoint an attorney-in-fact or representative, who must process it before the Servicio de Impuestos Internos (SII) office.
Choosing the Type of Company
The second step is to choose the type of company that fits your company's business needs. As mentioned before, the Company by Shares (SpA) is usually the most flexible option.
Appoint a Legal Representative in Chile
Para crear una empresa en Chile desde Brasil, necesitas un representante legal en Chile que pueda realizar los trámites necesarios. Este representante deberá ser una persona residente en el país, de nacionalidad chilena o extranjero con residencia permanente.
Choose the Company Incorporation System for the Brazilian company in Chile
You must decide if you want to create a company in Chile from Brazil under the traditional system or through the system of Company in a Day. (www.registrodeempresasysociedades.cl).
Traditional System
It involves signing a public deed before a notary public, registering the company in the Commercial Registry, and publishing an excerpt in the Official Gazette. It is a more formal process and may take more time.
Company in a Day System
This system allows the company to be incorporated more quickly and at lower cost through a electronic form that is completed online.
It is ideal for Brazilian entrepreneurs who are looking to optimize time and resources, since registration is carried out in a digital and simplified manner.
If you have chosen the system of Company in a Day., the legal representative must enter www.registrodeempresasysociedades.cl and proceed with the company registration, indicating the name, purpose and partners (if applicable), among other formalities.
At Iberocapital we have made a video that shows the step by step for the incorporation of the company: How to Create Your Company in Chile in 2024.
Define the basic aspects of the company's operation in Chile
Defining the basic aspects of the Brazilian company in Chile is crucial to ensure that the company is well structured and complies with local Chilean regulations.
The next step is that the partners sign the deed, which can be done through Advanced Electronic Signature or before a notary. If the partners are not in Chile, then the legal representative must be authorized to sign for the partners with a Foreign Investor RUT.
El mandatario, apoderado o representante legal deberá dirigirse a una notaría en Chile con la carta poder, notariada o legalizada ante el consulado chileno, y pedirle al notario que autorice la firma de la escritura.
Once the company has been signed, a RUT number will be obtained and the next steps will be to carry out the start of activities before the SII.
Our recommendation is to establish the company under the system of Company in a Day., since it allows cost savings and facilitates online administration of the company.
Obtain a Foreign Investor RUT from Brazil
If you are not a Chilean national or a permanent resident in Chile, you will need to obtain a Foreign Investor RUT (Tax ID) to be able to operate legally in Chile from Brazil.
Para ello, deberás tener un apoderado, representante o mandatario en Chile, quien será la persona que pueda tramitar el RUT de Inversionista Extranjero ante el SII en Chile. Además, esta persona posiblemente sea quien firme la constitución de tu sociedad, ya que no podrás firmarla estando en Brasil.
If the power of attorney is granted outside Chile, that is, from Brazil, this power of attorney must be apostilled or signed at a Consulate of Chile in Brazil and then must be legalized before the Ministry of Foreign Affairs of Chile.
Given that Brazil is part of the Apostille Convention since 14-VIII-2016, documents apostilled by that country must be recognized by Chile.
This power can also be granted in Chile, so if it is more convenient for you to travel to Chile and grant the power at a Chilean notary, you can do it this way, thus speeding up the procedures.
En resumen, si te encuentras en Brasil y deseas obtener un RUT de Inversionista Extranjero y constituir una sociedad en Chile desde Brasil, deberás otorgar un poder especial amplio a una persona en Chile para que pueda tramitarlo ante el Servicio de Impuestos Internos (SII).
Este poder debe ser apostillado o firmado ante un Ministro de Fe Pública Chileno en Brasil, es decir, normalmente es un cónsul chileno, los notarios en Chile también actúan como Ministros de Fe Pública, por lo que también puede ser firmado en Chile.
El proceso de apostillar un poder otorgado por un ciudadano brasileño a un ciudadano chileno para constituir y crear sociedades en Chile y tramitar un RUT de Inversionista extranjero requiere cumplir con ciertos pasos detallados, tanto en Brasil como en Chile, para asegurar que el documento tenga validez legal en ambos países. Aquí te detallo cada paso del proceso de apostilla:
How to Apostille a Power of Attorney in Brazil for Procedures in Chile?
To carry out procedures in Chile, such as obtaining the foreign investor RUT before the SII, it is necessary for a representative in Chile to act on your behalf.
This is done through a notarial power of attorney that must be apostilled in Brazil for it to have legal validity in Chile. The process is detailed step by step below.
1. Drafting the Notarial Power of Attorney
- Definition of powers: The power of attorney must clearly specify the powers you grant to the attorney-in-fact, such as carrying out procedures before the SII, opening bank accounts, signing legal documents, among others.
- Legal advice: It is advisable to have the assistance of a lawyer to ensure that the document meets all legal requirements in both Brazil and Chile.
2. Authorization before a Public Notary in Brazil
- Signing of the document: Go to a notary office in Brazil to sign the power of attorney in the presence of the public notary.
- Notarial certification: The notary will certify your identity and the authenticity of your signature, giving the document legal validity.
3. Apostille of the Power of Attorney
Brazil and Chile are members of the Hague Convention on the abolition of the requirement of legalization of foreign public documents, which simplifies the process through the Hague Apostille.
- Apostille request:
- Go to the Ministry of Foreign Affairs of Brazil or authorized offices.
- Submit the original power of attorney and your identity document.
- Complete the application form and pay the corresponding fees.
- Issuance of the apostille:
- The apostille is a seal or certification that is added to the document, confirming the authenticity of the notary's signature and the validity of the power of attorney for use in Chile.
- Processing time is usually the same day, but it may vary depending on the office.
4. Sending the Apostilled Power of Attorney to Chile
- Delivery to the attorney-in-fact: Send the apostilled power of attorney to your representative in Chile by a secure and reliable means.
- Verification in Chile: The attorney-in-fact may submit the power of attorney to the SII and other institutions, facilitating the necessary procedures for the creation and management of your company.
Additional Considerations
- Document validity: Make sure the power of attorney has all elements required by Chilean authorities, avoiding rejections or delays.
- Specific content: Detail all actions the attorney-in-fact is authorized to perform, especially those related to tax and administrative obligations.
Benefits of Apostilling the Power of Attorney
- International recognition: The apostille guarantees that the document is legally recognized in Chile without the need for further authentications.
- Simplification of procedures: It streamlines the process so your representative can act quickly on your behalf.
- Legal certainty: It provides confidence to Chilean authorities about the legitimacy of the power of attorney and the granted powers.
Next Steps in Chile
Once your attorney-in-fact in Chile receives the apostilled power of attorney, they will be able to:
- Obtain the foreign investor RUT: Register with the SII to obtain the Rol Único Tributario required to operate legally.
- Formalize the incorporation of the company: Carry out the legal procedures to establish the company, including public deeds and commercial registrations.
- Manage tax obligations: Comply with tax and fiscal requirements from the start of operations.
Another way to obtain a Foreign investor RUT, crear una sociedad y tener un mandatario o representante en Chile, es otorgando un poder, pero en vez de apostillarlo, firmarlo ante un Ministro de Fe Chileno, esto se hace a través de un consulado chileno en Brasil.
Legalization process of a Brazilian document at a Chilean consulate in Brazil
If you wish to proceed with signing the power of attorney before a Chilean consulate in Brazil, you must contact the consulate corresponding to your jurisdiction.
It is important to verify whether the consulate has a Minister of Public Faith (MFP)The Chilean consulates in Brazil are listed below, together with their jurisdiction.
This information is updated as of November 1, 2024
CONSULAR SECTION IN BRASILIA – DF
| Information | Details |
| Address | SES, Quadra 803, Lote 11, Asa Sul, CP 70.407–900, Brasilia–DF |
| Phone Numbers | +55 – 61–21036103 / 21036100 / +55 61 8119 3808 (Emergency) |
| Fax | +55 – 61–33220714 |
| brasilia@consulado.gob.cl | |
| Office Hours | Monday to Thursday: 09:00 to 12:30 hrs and 15:00 to 16:30 hrs.Friday: 09:00 to 12:30 hrs. |
| Jurisdiction | Federal District and the States of Goiás, Mato Grosso and Tocantins. |
| Estimated Chilean population | 880 people. |
| Population in the main cities | Federal District: 388Goiás: 266Mato Grosso: 88Tocantins: 20 |
JAVIER FOXON CALVO
Second Secretary – Consul (Since January 16, 2021)
GENERAL CONSULATE IN PORTO ALEGRE
| Information | Details |
| Address | Rua Padre Chagas 79, Set 602, Edificio Richmond, Bairro Moinhos de Vento CEP 90.570–020, Porto Alegre, RS. |
| Phones/Fax | +55 – 51–3346–3970 / Emergency: 55–51–98305 2813 |
| portoalegre@consulado.gob.cl | |
| Office Hours | Monday to Friday from 09:00 AM to 2:00 PM. |
| Jurisdiction | States of Rio Grande do Sul, Paraná and Santa Catarina. |
| Estimated Chilean population | 4,741 people. |
| Population in the main cities | Rio Grande do Sul: 1,441Paraná: 1,766Santa Catarina: 1,534 |
ALDO GIOVANNI FAMULARO BEYTIA
Minister Counselor – Consul General (Since June 01, 2022)
HONORARY CONSULATE IN BELO HORIZONTE (DEPENDS ON C.G. RÍO DE JANEIRO)
| Information | Details |
| Address | Rua Gonçalves Dias, N.º 82, Room 1101–Neighborhood Funcionários – CEP 30.140.090, Belo Horizonte–MG |
| Phone Numbers | +55–31–32867249 |
| consuladobh@consuladodechile.com.br | |
| Office Hours | |
| Jurisdiction | State of Minas Gerais. |
Honorary Consul with Authority to Act as Public Notary
ALEXANDRE ELIAS PENIDO NETO
Honorary Consul – MFP (Since December 23, 2005)
Assistant:
Lorena Gleicy
HONORARY CONSULATE IN SALVADOR BAHÍA (DEPENDS ON C.G. RÍO DE JANEIRO)
| Information | Details |
| Address | Luis Vianna Filho number 13223 Sao Cristovao Ed. Hangar Bussines Park Tower 2 Suite 715 Salvador Bahía. |
| Phone Numbers | +55–71–3178–0202 |
| consuladodechileba@gmail.com | |
| Office Hours | |
| Jurisdiction | Salvador, State of Bahía. |
Honorary Consul with Authority to Act as Public Notary
RUBEN ARNOLDO SOTO DELGADO
Honorary Consul (Since August 02, 2024)
HONORARY CONSULATE IN SÃO FRANCISCO DO SUL (DEPENDS ON C.G. PORTO ALEGRE)
| Information | Details |
| Address | Rua Quintino Bocaiúva, 67 – Centro, CEP 89.240–000, São Francisco do Sul–SC |
| Phone Numbers | +55–47–3444–1703 |
| Fax | |
| junior.consulche@litoralsfs.com.br | |
| Office Hours | |
| Jurisdiction | Cities of São Francisco do Sul and Joinville. |
Honorary Consul with Authority to Act as Public Notary
CARLOS ALBERTO DE OLIVEIRA JUNIOR
Honorary Consul (Since March 20, 2002)
CONSULATE GENERAL IN RIO DE JANEIRO
| Information | Details |
| Address | Praia Do Flamengo 344, 7ª andar, sala 701, CEP 22.210–030, Rio de Janeiro, RJ |
| Phone Numbers | +55–21–3579–9658 / 3579–9660 / 3579–9761 / 3579–9762 |
| Fax | +55–21–3579–9658(Emergency – WhatsApp: +55–21–9–9572–9497) |
| riodejaneiro@consulado.gob.cl | |
| Office Hours | Monday to Friday from 09:00 AM to 2:00 PM. |
| Jurisdiction | States of Rio de Janeiro, Alagoas, Amapá, Amazonas, Bahia, Ceará, Espírito Santo, Maranhão, Minas Gerais, Pará, Paraíba, Pernambuco, Piauí, Rio Grande do Norte, Roraima, and Sergipe. |
| Estimated Chilean population | 9,000 people. |
CARLOS JAVIER MARÍN SAN MARTÍN
First Secretary – Consul General (Since November 16, 2023)
Consular staff authorized as Minister of Public Faith (MFP):
Eliene Colamonici Carambula (Since November 10, 2005)
CONSULATE GENERAL IN SÃO PAULO
| Information | Details |
| Address | Avenida Paulista N.º 1009, floor 10, São Paulo |
| Phone Numbers | +55–11–3284–2004 / 3284–2148 / 3284–2185 / 3266–7373 |
| Emergency phone | +55–11–94828–0215 |
| Fax | +55–11–3284–2097(emergency: +55–11–9–4288–0215) |
| saopaulo@consulado.gob.cl | |
| Office Hours | Monday to Friday from 09:00 to 16:30 hrs. |
| Jurisdiction | States of São Paulo, Mato Grosso do Sul, Rondônia, and Acre. |
| Estimated Chilean population | 26,000 people. |
JUAN CARLOS SALAZAR ÁLVAREZ
Counselor – Consul General (Since April 01, 2021)
VANESSA ELISABETH POHL REVILLARD
Third Secretary – Deputy Consul (Since February 16, 2023)
Consular staff authorized as Minister of Public Faith (MFP):
- María Jiménez Goez (Since February 21, 1995)
- Eunice López Tello (Since September 22, 2015)
HONORARY CONSULATE IN CAMPO GRANDE (DEPENDS ON C.G. SÃO PAULO)
| Information | Details |
| Address | Rua Rio Grande do Sul, 1936, Campo Grande |
| Phone Numbers | +55–67–2109–7683 |
| Fax | |
| rbenavides@terra.com.br | |
| Office Hours | |
| Jurisdiction | State of Mato Grosso do Sul. |
Honorary Consul with Powers to Act as Minister of Public Faith (MFP):
RODRIGO FERRADA BENAVIDES
Honorary Consul (Since January 28, 2003)
Once you have chosen the Chilean consulate in Brazil where you will sign the power of attorney, you must contact them directly.
Keep in mind that the consulate must have staff who can act as Minister of Public Faith (MFP).
Once you have signed the power of attorney before the Minister of Public Faith, this must be legalized in Chile before the Ministry of Foreign Affairs. Therefore, the document must be sent to Chile for its subsequent legalization.
Once the document is legalized by the Ministry of Foreign Affairs in Chile, together with your identity documents, it must be submitted to the SII through its online platform to process the RUT of foreign Investor.
Once the Foreign Investor RUT (Tax ID), is obtained, you can proceed with the incorporation of the company through the System of Company in a Day. or through the Commercial Registry, but first you must choose the type of company you want to incorporate in Chile.
Choose the type of company to be formed in Chile from Brazil
To choose the type of company to be formed in Chile from Brazil, it is important to understand the most common options and which best fits your needs and business objectives.
In Chile, there are several types of companies, but the most recommended for foreign entrepreneurs are the Stock Corporation (SpA) and the Limited Liability Company (SRL).
Company by Shares (SpA)
The SpA es una de las estructuras más flexibles y populares entre los inversionistas extranjeros brasileños, ya que permite constituir la empresa con un solo accionista y otorga la posibilidad de aumentar o disminuir el capital social fácilmente.
Additionally, the SpA can issue shares, which facilitates the entry of new partners or investors in the future.
Advantages of SpA
Flexibility in management
It does not require a fixed number of partners, which allows you to start alone and, if you wish, add partners as your business grows.
Ease of bringing in foreign investment
Since it allows the issuance of shares, it becomes easy to attract international investors interested in acquiring a stake in the company.
Simplification in decision-making
Al no ser necesaria la unanimidad de los socios para todas las decisiones, como en otros tipos societarios, las SpA permiten una gestión más ágil, algo fundamental si operas desde Brasil y no estás en Chile para tomar decisiones rápidamente.
Limited Liability Company (LLC)
La SRL es otra opción viable, especialmente si prefieres una estructura más tradicional o si deseas tener un socio desde el inicio. La SRL se caracteriza por tener entre 2 y 50 socios, quienes responden de manera limitada según el capital que hayan aportado. Es ideal para pequeñas y medianas empresas que buscan una estructura simple pero con más estabilidad en su organización.
Advantages of SRL
Greater control and stability
The SRL permite mantener un control más cercano del negocio, ya que la toma de decisiones importantes requiere la aprobación de todos los socios, lo que puede ser beneficioso si se busca estabilidad y acuerdos consensuados.
Protection of personal assets
Like the SpA, the SRL limits the partners' liability to the contributed capital, which protects the personal assets of investors.
Which is the best option for you as a Brazilian citizen?
If you are considering expanding or starting operations in Chile from Brazil, the SpA is often the most recommended option for its flexibility and ease of incorporating investors and managing the company remotely.
In addition, the possibility of starting with a single shareholder greatly simplifies the initial process, since you can do it on your own or through a representative in Chile.
On the other hand, if you already have a partner or plan to structure the business with several co-founders, the SRL (LLC) could be a good alternative to ensure shared control and a collaborative management approach.
Once you have decided on the type of company, the next step will be to draft the corporate bylaws and incorporate your business through the Company in a Day System or the Commercial Registry, depending on your preference and the legal advice you receive.
If you want to learn about all the types of companies available in Chile, we at Iberocapital have developed an article explaining them in detail:
https://iberocapital.cl/en/legal/types-of-companies-in-chile/
Appoint a Legal Representative
Appointing a Legal Representative is a crucial step in the process of incorporating a company in Chile, especially if you are creating the company from Brazil and will not be physically present to manage all procedures.
The Legal Representative is the person who will act on behalf of the company in Chile, signing documents, fulfilling tax and legal obligations, and making decisions on behalf of the business. This representative can be a Chilean or a foreigner residing in Chile with the proper documentation.
Duties of the Legal Representative
The Legal Representative has several responsibilities, including:
Handling of legal procedures
El representante se encargará de inscribir la sociedad en el Registro de Comercio o formalizarla ante el Registro de Empresas y sociedades (empresa en un día) y tramitar el Rol Único Tributario (RUT) de la empresa ante el Servicio de Impuestos Internos (SII).
Representation before tax authorities
They will be the person responsible for managing the company's tax obligations, such as filing tax returns and complying with any other applicable tax regulations.
Signing of contracts and agreements
El Representante Legal está facultado para firmar contratos y acuerdos en nombre de la empresa, tanto con proveedores como con clientes y otras partes interesadas. Esto es especialmente importante si necesitas realizar actividades comerciales o suscribir acuerdos desde el extranjero.
Appearance before courts and other entities
In the event that a legal dispute arises or a presentation before a government entity is required, the Legal Representative will act on behalf of the company.
Requirements to be a Legal Representative
To appoint a Legal Representative, the chosen person must meet certain legal requirements in Chile:
Residence in Chile
The representative must be resident in Chile, whether Chilean or foreign, with a valid Chilean RUT.
Legal capacity
Must be of legal age and have the legal capacity to act on behalf of the company, which implies not being disqualified from exercising management or representation functions of companies.
Availability to manage the company
Dado que el representante será la cara legal de la empresa en Chile, es importante que esté disponible para cumplir con sus funciones, ya que su firma y presencia pueden ser necesarias en diversas gestiones.
How to appoint a Legal Representative if you are in Brazil?
If you are in Brazil and need to appoint a Legal Representative in Chile, you must follow these steps:
- Grant a power of attorney: Este documento le otorgará a la persona seleccionada la autoridad para actuar como tu representante. Debes redactar el poder notarial en Brasil, especificando las facultades que tendrá el representante en Chile. Este documento debe ser apostillado (siguiendo el proceso de la Convención de La Haya) o legalizado ante un Consulado Chileno en Brasil.
- Sending and Legalizing the Power of Attorney in Chile: Once apostilled or legalized, the document must be sent to Chile, where it will be legalized by the Ministry of Foreign Affairs. Subsequently, the notarial power will be presented to the SII so that the representative can manage the company’s RUT and carry out the incorporation procedures.
- Assigning Specific Powers in the Bylaws: In the corporate bylaws, it is necessary to detail the powers of the Legal Representative, which may be general or specific, depending on your preference. This includes everything from the authority to sign contracts and represent the company before authorities to the power to open bank accounts and manage the company’s capital.
Considerations when choosing a Legal Representative from Brazil
It is crucial to select a trustworthy person with experience in business and legal management in Chile.
Muchos emprendedores extranjeros optan por contratar a un abogado o una firma de consultoría local como Iberocapital que pueda actuar como representante, garantizando que todos los procesos se realicen de acuerdo con la normativa chilena.
When choosing your Legal Representative, make sure they fully understand the scope of their responsibilities and are willing to act on behalf of the company, representing your interests professionally and efficiently.
Al elegir a tu Representante Legal, asegúrate de que comprenda completamente el alcance de sus responsabilidades y que esté dispuesto a actuar en nombre de la empresa, representando tus intereses de manera profesional y eficiente.
At Iberocapital we offer the legal representative service for a cost of 1500 reais per month, you can see more information at the following link https://iberocapital.cl/comprar/servicio-de-representante-legal/
Keep in mind that you can also travel to Chile and sign the documents that grant a notarial power in Chile.
Choose an option to create your company in Chile from Brazil
When you decide to create a company in Chile from Brazil, you have two main options to do so: the route traditional through a public deed or the fast via the portal Company in a Day..
Each has its own advantages and disadvantages, so it’s important to evaluate which one best suits your needs and resources.
Traditional Route: Public Deed
This is the most detailed and customizable way to create a company in Chile from Brazil.
By choosing the traditional route, a public deed is executed before a notary, in which all aspects and specific requirements of your company are detailed, tailoring them to the particularities of your business. Here we explain its characteristics:
- Complete Customization: By creating your business through a public deed, you have the opportunity to specifically define how your company will operate. This is especially useful if your business has particularities that cannot easily be adapted to the standard forms of the virtual portal.
- Long-term Benefits: Having the flexibility to tailor the deed according to your business needs allows you to structure the company to fit your long-term vision, including specific clauses on management, the entry of new partners or investors, and internal policies.
- Costs and Time: However, this process can be longer and more expensive compared to the fast track, as it involves notary fees and the time needed to prepare and review the deed. Additionally, the duration will depend on the type of company you choose to set up, such as the SpA or SRL, and the complexity of the bylaws you decide to incorporate.
Fast Route: One-Day Company
The second option is to use the Company in a Day., una plataforma en línea creada para simplificar y agilizar el proceso de constitución de empresas en Chile. Este método es ideal si prefieres un enfoque más rápido y económico, especialmente si gestionas el proceso desde Brasil.
- 100% Virtual: The entire process is completed online, so you won’t need to be physically present in Chile. You will only need an Advanced Electronic Signature (FEA) to complete the procedure, or you can authorize a representative in Chile who has one to manage the incorporation on your behalf.
- No Cost: One of the main advantages of this option is that it is free, which can be a significant benefit if you are looking to minimize initial expenses when setting up your business. Moreover, by not requiring notaries, the process becomes more accessible and faster.
- Speed and Simplicity: As the name suggests, the system allows you to create your business in one day, as long as all requirements are met and the documentation is in order. This is ideal for those who want to start operating in Chile as soon as possible.
Which option is better to incorporate a company in Chile from Brazil?
If you seek customization and have the time and resources to dedicate to the process, the traditional route might be the ideal option, as it allows you to adjust every detail of your business according to your specific needs and long-term objectives.
On the other hand, if you prefer a quick, economical process and are willing to manage some aspects on your own or with a representative in Chile, the Company in a Day option is an excellent alternative to get started quickly.
Regardless of the option you choose, at Iberocapital, we are here to support you every step of the way, ensuring that your business in Chile is incorporated effectively and with all the necessary legal guarantees.
Define the basic aspects of the Brazilian company in Chile
Whether you choose the traditional route through a public deed or the fast track via the Company in a Day system, it is essential to be clear on several key aspects when drafting the company’s bylaws. Let’s go step by step:
Step 1: Entering Company Data
Company Name
You must choose a name that clearly identifies your company and is not already registered in Chile. This name will be the official denomination of your company and will appear in all legal documents.
Trade Name
This is the commercial name or brand under which your company will operate. It can be different from the company’s legal name and will be used to identify the business to clients and suppliers.
Tax Address
Se refiere a la dirección donde la empresa será registrada ante el Servicio de Impuestos Internos (SII). Este domicilio será utilizado para efectos fiscales, por lo que es importante que sea un lugar físico en Chile donde se reciban notificaciones. Puedes contratar nuestro servicio de Oficina Virtual: https://iberocapital.cl/oficina-virtual/
Corporate Address
This is the company's main place of operation and the location where administrative and commercial activities will be carried out. It can be the same as the tax address, but it must be clearly specified in the bylaws.
Corporate Purpose
It is defined as the company's main activity. It is important to be specific but broad in its wording to cover all possible activities the company may carry out in the future.
For example, in the case of a technology business, you could include “software development, provision of technology services, IT consulting, and marketing of digital products”.
Capital
This refers to the initial amount with which the company is incorporated. This capital can be contributed in cash or goods and must be clearly specified in the bylaws. Additionally, the structure and administration of this capital must be defined.
Number of shares, par value, and series of shares (if it is a SpA)
If you decide to incorporate an SpA, you must specify how many shares will be issued, the nominal value of each share, and whether there will be different series of shares, which can have different rights or privileges.
Duration of the Chilean company
Here you define whether the company will have an indefinite duration or a specific term. In many cases, an indefinite duration is chosen to avoid future amendments to the bylaws.
Management Powers
The responsibilities and powers of the company’s administrators are specified here. This includes whether there will be a board of directors, a general manager, or another type of administrative structure, and what powers they will have to represent and manage the company.
Means of communication between the Chilean company
It is necessary to establish how administrators, partners, or shareholders will communicate with each other and with the company. This can include emails, face-to-face or virtual meetings, and any other agreed-upon methods.
Frequency of Shareholders' Meetings (if an SpA)
En el caso de una SpA, es importante definir cada cuánto tiempo se reunirán los accionistas para tomar decisiones fundamentales sobre la sociedad. Esto puede ser anualmente o con otra periodicidad según se considere adecuado.
Dispute Resolution
It is advisable to include a mechanism for resolving conflicts that may arise among partners or shareholders, such as mediation, arbitration, or the jurisdiction of a specific court in Chile.
Distribution of Profits
The bylaws must clearly establish how profits will be distributed among the partners or shareholders. This can be in proportion to each one’s participation, or under another previously agreed scheme.
Step 2: Entering Shareholder Information
Shareholders and Management
Es relevante detallar quiénes serán los accionistas de la sociedad, especificando sus datos personales como nombre completo, número de identificación (si son extranjeros, su RUT de inversionista), y sus porcentajes de participación en la empresa.
In addition, it must be defined who will be part of the administration, whether a general manager, a board of directors or another figure, and detail the functions and responsibilities of each one.
Step 3: Signing the Bylaws
Once all the previous aspects have been defined, it will proceed to sign the bylaws of the company. This can be done in two ways:
Advanced Electronic Signature (FEA)
If you are using the Company in a Day system, you will need the FEA to digitally validate the documents. You can use yours if you have one or authorize a representative in Chile with an FEA to sign on your behalf.
Signature before a public notary in Chile
En la vía tradicional, los estatutos se deben firmar ante un notario en Chile. Si estás en Brasil, deberás otorgar un poder notarial a un representante en Chile para que pueda firmar en tu lugar, asegurándote de que el poder esté apostillado o legalizado correctamente.
These steps are essential to ensure that your company in Chile is properly incorporated and complies with all current regulations, allowing you to operate legally and with all guarantees.
Costs of the Process of Incorporating a Company in Chile from Brazil
Creating a company in Chile from Brazil has different associated costs. Below are some of the most common costs:
Legal Representative
If you do not have a Legal Representative in Chile, at Iberocapital we provide the service for a cost of 1,500 reais per month.
In summary, if you have a Chilean who can assume the role of Legal Representative, this procedure will cost you. at no cost., otherwise, you can hire our legal representative service. per 1,500 reais per month.
Obtaining RUT for Foreign Investor.
Obtaining an Investor RUT has no associated cost if you do it on your own. However, you can hire this service with Iberocapital for 900 reais, which includes drafting the power of attorney and handling before the SII.
Puedes contratar el servicio de obtención de RUT de Inversionista con Iberocapital, para que realicemos este proceso por ti.
It does not include the costs associated with signing at some consulates, as while some Chilean consulates do not charge fees, others do, depending on the number of pages of the document to be signed.
It also does not include the cost of sending the documents to Chile, since once signed, legalized, or apostilled in Brazil, they must be physically sent to Chile.
And finally, you must also pay an additional fee for the protocolization service, since it is advisable to have the document protocolized before a notary here in Chile.
In conclusion, doing the process on your own will not incur additional costs., but if you wish to hire a specialist legal firm and save time, the cost is 900 BRL + consulate costs + shipping costs to Chile + notary costs in Chile, a payment you will make only once.
Establish a registered address to create a company in Chile from Brazil
Your Chilean company must have a social and tax domicile. in Chile, at Iberocapital We offer the Virtual Office Service and the service of Virtual Warehouse., which consists of us renting you a virtual space in our offices or in our warehouses located in Santiago's historic district. At Iberocapital we offer:
- Virtual Office: 700 reais per year.
- Virtual Warehouse: 700 reais per year.
Depending on your company's line of business, you may or may not require a virtual warehouse. For example, if your company is engaged in importation, marketing, or a sector that handles goods, you will need to rent a virtual warehouse to demonstrate where your company stores the merchandise.
If your company is in the technology sector or can operate virtually or online, you will only need a virtual domicile.
Deed Signing
If the traditional system is used, notarial fees for signing the deed may vary, while in the system of Company in a Day. se puede utilizar una firma electrónica avanzada, que también tiene un costo asociado, si no se cuenta con firma electrónica avanzada, se deberá firmar ante notario, esta firma tiene un costo aproximado de 220 reais.
Registration in the Commerce Register
In the traditional system, this procedure can cost between 1,500 and 2,900 reais, depending on the length of the documents. If the incorporation is done under the one-day company system, this cost is not incurred.
Obtaining the RUT and Starting Activities
Obtaining the RUT under the company-in-a-day system is automatic and free; it is obtained once the deed has been signed. In contrast, if the company has been established under the traditional system, you must consider the associated cost of processing a RUT with the SII.
Ten en cuenta que la obtención del RUT y el Inicio de actividades es gratuito, pero la gestión que cobran diferentes estudios jurídicos puede variar, este trámite se hace una vez la empresa se ha publicado en el diario oficial, esta gestión tiene un costo que oscila los 120 BRL.
At Iberocapital, we offer different company formation plans that include various procedures. If you want your company to be up and running, you can hire our complete company formation plan. for a cost of 1.100 BRL (reais).
Municipal Business License Processing
We offer this service for 360 reais. Once processed, you must pay the municipality an annual amount of 700 reais.
Conclusions
If you want to incorporate your company with Iberocapital, the costs for processing the procedures are as follows:
One-time services: 2,400 reais
| One-time Payment Services | Price in reais |
| Foreign Investor RUT Processing | 900 |
| Company Incorporation | 1100 |
| Municipal Business License Processing | 400 |
Recurring services: 2,000 reais
| Recurring Services | Price in reais |
| Monthly Legal Representative Service | 1500 |
| Monthly Accounting, Invoicing up to 10M CLP | 400 |
| Virtual Office x 12 months – Santiago Downtown | 100 |
Adicionalmente, ten en cuenta que mensualmente deberás pagar los impuestos sobre las ventas realizadas (IVA) que corresponden el 19% y pagos del PPM, pagos que se realizan al fisco (el Estado de Chile).
Also, annually, you will need to pay the annual tax on profits, which depends on your company’s tax regime.
At Iberocapital we offer the company rental service starting at an amount of 1000 reais.
Keep in mind that the prices shown in reais may vary according to the exchange rate, so we recommend checking with us for the updated prices on the day of your inquiry.
Finally, at Iberocapital we offer a comprehensive service that includes advice throughout the entire company formation process, helping you optimize time and resources.
You can schedule a call or message us on WhatsApp if you have any questions.
