From July 1 this year came into force the new Electronic Certificate of Rut or e-Rut (exempt resolution No. 56). It is an electronic document that can be used in physical form, printing it, or virtually from any mobile device.
Having passed already 3 years since the Law’s entry into force, we seek to present some of the shortfalls and disadvantages detected in our practice, that are generated by the use of the mentioned Registry. A setback that occurs in certain proceedings, like in the statute reforms of a joint-stock company, where the system requires… Read More Shortfalls of the System “Your Company in 1 Day” (Part 2)
A laudable initiative of Sebastián Piñera’s Government created the Electronic Registry of Companies under the control of the Ministry of Economy with the purpose of “Simplifying the Regime of Constitution, Modification and Dissolution of Mercantile Companies”. As a matter of fact this is the name of the Law (20.659) that creates the mentioned registry, most… Read More Shortfalls of the System “Your Company in 1 Day” (Part 1)
Probably a lot of entrepreneurs developing their startups in Chile have heard of this type of Company. Is also probable that these entrepreneurs have been told that this is the most suitable type of company if you are thinking to incorporate your Startup. But what are really the advantages of the SpA over other kind… Read More Why is SpA (Sociedad por Acciones) the best “Suit” for your Startup?
After you walk through the process of incorporating, the company will have legal existence, so it can begin to sign contracts or hire services, but will be no subject of taxes until the declaration of Beginning of Activities in front of the Tax Authority.
In this post we will revise the process of incorporation of the most common types of companies used in Chile, before the entry to force of the Law 20.659 of 2013, that simplifies the process of incorporation for companies. This process is yet relevant because is still in force, and is preferred by many lawyers,… Read More Incorporating in Chile (Old System)
Now, after going through what you need before incorporating, is time to revise the process of incorporation of the most common types of companies used in Chile, according to the Law 20.659 of 2013 that simplifies the process of incorporation. This process is commonly known as “Company in a Day” (Empresa en un Día). Keep… Read More Incorporating in Chile (New System)
When creating your business in Chile you should evaluate what kind of company is the most appropriate form to give legal personality to your business. One of the main goals for initiating an incorporation process, it is to separate the personal assets from the assets of the company, in order not to compromise the property… Read More Types of Companies in Chile
If you are reading this, maybe is because you have heard that Chile is a thriving market for startups and in general for entrepreneurs to launch their projects. This is mainly because of the focus putted by the formers and actual administration in fomenting the creation of a entrepreneurial ecosystem. Also is due to a… Read More Things you need to know if you are considering incorporating in Chile