The opening of a branch or representative office in Chile
One form of work of foreign company in Chile is through the organization of activities of the representative office or the branch. The differences between the two legal forms in the current Chilean legislation, is that the branch, being a separate subdivision of the legal entity it performs all the functions of one, including representative. The representation of foreign companies in Chile can only perform representational functions (and the interests of defense). On the legislative side, the process of registration of branches or representative offices are almost identical.
The list of documents for the opening of a branch or representative office in Chile
- A copy of the constituent documents
- The certificate of registration as a taxpayer resident
- The certificate of registration in the State Register of Legal Entities
- Last tax return
- Power of Attorney
- The registered branch of a foreign company in Chile (or representation) requires the appointment of a nominee director
The approximate time for registration for the Representative Office is 10 days.
Restrictions on the period of accreditation of a branch or representative office in Chile
The accreditation of a branch or representative office is provided for a period stated in the permits of their opening, it can be 1, 3 or 5 years with automatic extensions or without them. In the latter case, no appeal to the relevant authority for renewal of accreditation or representation will be considered closed. Also, at the request of the legal entity “parent” activities of a branch or representative office in Chile is terminated before the expiry date of accreditation.
We have a lot of experience in registration and representing foreign business interests with commercial law components in Chile.