Advisory Insights

Corporate Secretarial Services Back-Office providers frequently get this so wrong: They target existing clients for cross-selling services they neither fully comprehend nor are adequately equipped to deliver. A similar scenario arises with new clients: In an effort to increase revenue, Back-Office Providers often offer a broad array of ancillary services without clearly distinguishing which are mandatory and which are ad hoc or tailored to specific client or sector requiremen

Every single company based and operating in Chile needs to have a registered fiscal address with local Tax Authorities; it is that simple. We have seen over the years how other Back-Office Providers offer “solutions” that are far from ideal: Engaging third parties to provide the service: In this scenario, the local Back-Office Provider will use and sell to the international client not its own address, where its offices are physically situated, but that of a third local party

Legal Representation Know – How for Chile No Lead or Introductory Paragraph needed, let´s just cut right to it: All foreign companies looking to operate and do business in Chile need to have a legal representative, regardless of whether they choose to buy a Shelf Company, open a Branch, or incorporate a Subsidiary. We have seen over the years how some local back-office providers come up with bizarre and inadequate ways to provide this service: From appointing foreigners based

The process of opening companies in Chile involves not only business and tax decisions but also a proper understanding of the Chilean labor framework and the key labor aspects, which is characterized by a high level of regulation, oversight, and increasing regulatory sophistication. For those considering starting operations in the country, anticipating the main labor risks and obligations is essential to avoid contingencies, optimize costs, and ensure an orderly implementatio

Key things to consider: There is no need to transfer the initially stated social capital. There is no need to register the Company in any “Public Investor Registry.” There are essentially (3) basic ways to fund a Subsidiary Company in Chile: #1 Loan Agreement #2 Cost-Plus Service Structure #3 Capital Increases #1: Loan Agreement Recommended for those cases where the local subsidiary company will generate and declare revenue and profits in the country. In other words, a loan

When it comes to Company Incorporation Processes, we have seen it countless times: a neat list of activities with no clear time estimates, leaving ample room for delays that will affect clients' business plans and schemes. Even worse, one often just sees copies/pastes of processes from other jurisdictions in the Region, which provide only guidance and reference information. Company Incorporation Processes in Chile At South Gate, we pride ourselves on being different by provid

International companies looking to expand their business and operations to Chile need to tackle a very important question from the get-go: What sort of footprint do they wish to have in the Country? Some key factors, such as timeframes and budgets, need to be considered, however, and generally speaking, companies looking to enter Chilean Markets have (4) distinct alternatives to choose from: Subsidiary Incorporation. Shelf Companies Branch Opening EOR (Employer on Record) At