Starting a business in Chile
Legal Forms of Companies
- Empresa Individual de Responsabilidad Limitada (EIRL) is a Sole Propietorship company
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Number of partners: One natural person.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed.
- Sociedad de Responsabilidad Limitada (LTDA) is a Private Limited Company.
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Number of partners: Minimum 2 partners, maximum 50 partners, who have property rights.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed.
- Sociedad Anonima (SA) is a Public Limited Company. Can be public or private.
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Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital. One-third of the capital must be paid at the creation of the company and the remainder within three years.
Shareholders and liability: Liability is limited to the amount contributed.
- Sociedad en Commandita is a Limited Partnership.
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Number of partners: Minimum 2 to a maximum of 50 partners. Two types of partners: active partners and silent partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed for the silent partners, and unlimited for the active partners.
Setting Up a Company |
Chile |
Latin America & Caribbean |
Procedures (number) |
6.0 |
8.0 |
Time (days) |
4.0 |
25.2 |
Source: Doing Business, 2016
- Business Setup Procedures
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Consult the Doing Business Website, to know about procedures to start a business in Chile.
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Latest Update: June 2022