ARTICLE · 24 SEPTEMBER 1997
Investing In Chile
ChileAccounting and Audit
FORMS OF BUSINESS ORGANIZATION
The principal forms of business organization in Chile are the corporation (sociedad anonima), which may be open (publicly traded) or closed (not publicly traded); limited liability company (sociedadade responsabilidad limitada); branch of a foreign company (agencia); general partnership (sociedad colectiva); and limited partnership (sociedad en comandita). A nonresident company or individual can also operate in Chile by appointing a Chilean resident individual or entity to act as a representative (representante).
Corporations, limited liability companies, and partnerships established in Chile, as well as business entities established abroad, are treated as separate taxable persons for income tax purposes.
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