Chile is one of Latin America's wealthiest, most
stable and competitive countries but when it comes to starting a
business there are many regulatory and bureaucratic challenges. It
is important to have the local knowledge to set your company up for
success in Chile.
1. Starting a Business
The World Bank and International Finance
Corporation (IFC) rank Chile 55th in the world for ease of starting
a business. There are seven procedures to complete which can take
about five to seven days with some having to be completed in person
and some online. The processes include obtaining a tax ID
(RUT), having a notary digitally sign documents, obtaining
a business license (Patente Comercial) and registering
with the labor-related accident insurance.
