This procedure may be accepted by natural and legal persons who are taxpayers with the income referred to in Articles 3, 4 or 5. Tax obligations are one of the most important legal obligations for all companies, as they relate to the payment of taxes for the economic activity they carry out. To create this type of business, you must take into account the cost of the notarial deed, publication in the Official Journal and registration in the commercial register. From a heritage point of view, this is limited to what is indicated in the respective document. The first step to starting your business according to existing legal standards is to research the process and ask yourself thoughtful questions. What are my goals? Do I want to hire employees or do I want to be a solo contractor? What are the financial requirements and what capital is available to me? It is important to have expert advice in the different areas of business development. Having a good lawyer as well as an experienced accountant can ensure that your business is covered from a legal and financial perspective before you open your business. In addition, due to the increase in tourism in Chile (in 2017, the number of tourists received was record), small towns are starting to develop and opportunities are arising. The combination of these strong markets and attractive new business opportunities are important attractions for foreign companies. MSMEs can request petitions or administrative requests from the Internal Revenue Service to achieve their best business development. It is the responsibility of the IIC Regional Director to assess each submission and, if applicable, the corresponding approval, including the following requests: Each corporation must declare and cancel its taxes month by month as the agreement date approaches in the regular calendar.

Thus, as the owner of the project, you are entitled to a refund of these taxes once the year is over. This reimbursement can be requested before the end of the first half of the season and is subject to the regulations of the General Treasury of the Republic. To declare and cancel these items, you can follow the process in personal offices or virtually in www.sii.cl. Since 17 January 2020, electronic invoicing is mandatory for all companies. In addition, with the new Tax Modernization Act, the issue of electronic voting has also been mandatory for some taxpayers since January of this year. Another legal obligation of companies in Chile concerns employment contracts. These can be done through direct negotiations with the employee or by collective agreement. The legal contract which constitutes the subcontracting system is a contract for the provision of civil law services concluded between the main undertaking and the contracting undertaking. Another important aspect regarding the legal obligations of a company in Chile is the working environment. The employment contract is a document in which all agreements must be made between the employee and the company or employer in order to begin fulfilling its obligations.

This can have several modalities: In order to successfully establish a local legal entity in Chile, it is necessary to register a tax address. This is the registered official address of the company and is used for all official communications and correspondence. The tax authorities require it and its compliance is mandatory, in fact, during the process of incorporation of the company, the tax address must be indicated in the articles of association of the company for the company to be legally registered. Understanding business compliance in Chile can be helpful for those considering doing business in the South American country, which has become a popular destination for innovative business ideas and business expansions from established and renowned foreign companies. Foreign investors who plan to set up a business in Chile will be able to benefit from a country that offers many business opportunities in several economic sectors, among which the mining, fishing and wine sectors stand out. The supervisor shall ensure compliance with safety, health and hygiene standards in order to protect subcontractors performing their functions on their premises or on their premises.