Chile

Ease of Doing Business in

Chile

This page summarizes Doing Business 2013 data for Chile. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Latin America & Caribbean
Income Category Upper middle income
Population 17,269,525
GNI Per Capita (US$) 12,280
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
37 33 down -4

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
69.7 70.0 down -0.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 32 27 up -5
Dealing with Construction Permits 84 84 No change
Getting Electricity 40 41 up 1
Registering Property 55 54 up -1
Getting Credit 53 52 up -1
Protecting Investors 32 29 up -3
Paying Taxes 36 35 up -1
Trading Across Borders 48 44 up -4
Enforcing Contracts 70 68 up -2
Resolving Insolvency 98 89 up -9

Economy Profile

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Additional Topic

Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 32 DB 2012 Rank 27 Change in Rank down-5
DB 2013 DTF** (% points) 87.3 DB 2012 DTF** (% points) 87.2 Improvement in DTF** (% points) up0.1
YearNew business densityNumber of new limited liability companies
2011 4.1349,068
Indicator Chile Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
7 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
8 53 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
4.5 33.7 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.0 3.7 13.3
No. Procedure Time to Complete Associated Costs
1 Notarize articles of incorporation, record them in a public deed and send an excerpt of the public deed to the Offical Gazette and to the Commercial Registry 1 day USD 250 (notary fees)
2 Request online the registration of the company and obtain a registration certificate 2 days USD15+0.2% of capital
3 Obtain tax registration number (Rol Unico Tributario) and give notice of initiation to Internal Revenue Service 1 day no charge
4 Print receipts/invoices in the authorized printing company 1 day USD 43 per 50-page book
5 Seal accounting books, invoices and other documents at the IRS 1 day no charge
* 6 Obtain a "patente municipal" working license from the competent municipality 1 day, simultaneous with previous procedure no charge
* 7 Register with the labor-related accident insurance (Seguro Social contra Riesgos de Accidentes del Trabajo y Enfermedades Profesionales) at the Mutuales de Seguridad 1 day, simultaneous with previous procedure no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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