Ease of Doing Business in


Chile Download Profile (1737.5KB, pdf)
Region OECD high income
Income Category High income
Population 17,948,141
GNI Per Capita (US$) 14,060
City covered Santiago



DB 2017 Rank



DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 57 55 down
69.56 69.48 down
Starting a Business 59 56 down
89.84 89.84
Dealing with Construction Permits 26 22 down
78.83 78.78 up
Getting Electricity 64 59 down
78.31 78.31
Registering Property 58 57 down
70.89 70.89
Getting Credit 82 78 down
50.00 50.00
Protecting Minority Investors 32 30 down
65.00 65.00
Paying Taxes 120 116 down
63.85 64.40 down
Trading across Borders 65 64 down
80.56 80.56
Enforcing Contracts 56 57 up
62.81 62.81
Resolving Insolvency 55 56 up
55.51 54.18 up

DB 2017 Rank:


DB 2016 Rank:


Change in Rank:


DB 2017 DTF (% points):


DB 2016 DTF (% points):


Change in DTF (% points):


Legal form Sociedad Anónima (SA) – closed corporation
Paid-in minimum capital requirement CLP 0
City Santiago
Indicator Chile OECD high income
Procedure – Men (number) info_outline 7 4.8
Time – Men (days) info_outline 5.5 8.3
Cost – Men (% of income per capita) info_outline 0.7 3.1
Procedure – Women (number) info_outline 7 4.8
Time – Women (days) info_outline 5.5 8.3
Cost – Women (% of income per capita) info_outline 0.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0 9.2
  • No. Procedure Time to Complete Associated Costs

    Draft online the statutes of the company and obtain an authentication number

    Agency: Notary

    Since May, 2013, entrepreneurs can draft the articles of association online through a new online platform (www.tuempresasenundia.cl) and obtain an authorization number. With this number, they will visit the notary to obtain a digital signature.

    Less than one day (online procedure) no charge

    Have a notary certify the statutes with a digital signature online

    Agency: Commercial Registry

    On February 8, 2013, Law 20.659 was published, which came into force on May 2, 2013. This new law simplifies the process of starting Limited Liability Companies by allowing entrepreneurs to register online (www.tuempresasenundia.cl) at zero cost. The new system allows users to register (modify, cancel, etc.) a company online, at zero cost. The system provides the certificate of existence immediately, and it automatically assigns a tax payer ID number to the company (which is the same as the Company Registration ID). The system will require that all partners subscribing the document have an advanced electronic signature (a token), or that they do the process with a notary that uses his own advanced electronic signature.

    Less than one day (online procedure) CLP 6,000 per signature (assuming 5 signatures)

    Give notice of initiation of activities to the Internal Revenue Service online

    Agency: Internal Revenue Service

    Registration is a sole procedure to be complied with for all tax purposes in order to obtain a Chilean Tax ID (RUT number). Specially regarding those persons (individual or legal entities) that are going to develop activities in Chile, taxpayers must obtain a RUT number and perform "initiation of activities" ("Inicio de Actividades") before the Chilean IRS, which is a sworn statement submitted to inform that the taxpayer will start to develop economical activities in Chile. Both procedures can be carried out through the Chilean IRS website (www.sii.cl).

    Less than one day (online procedure) no charge

    Print receipts/invoices in the authorized printing company

    Agency: Receipt and invoices can be printed in any printed company, with the only requirement that the IRS format for such documents is followed

    The printed document will acquire tax validity status, provided that it is stamped by the Chilean IRS and only for the period of time authorized by the referred tax authority. According Law 20.727, starting November, 2014, most of the VAT tax documentation shall be issued electronically (invoices, debit and credit notes, among others).

    Under Law No. 20.727 enacted on January 31, 2014, the use of electronic invoicing has become mandatory for companies with annual earnings higher than 100.000 UF (3.750.000 USD); small and medium sized companies must comply with electronic invoicing, as of July 2016.

    1 day USD 43 per 50-page book

    Seal accounting books, invoices and other documents at the IRS

    Agency: Internal Revenue Service

    Invoice and receipt forms can be sealed only after the tax registration number (rol unico tributario, or RUT) has been obtained, because the RUT must appear on them. This procedure is generally carried out once the forms are duly printed.

    When using electronic invoices, companies are not required to seal accounting books, invoices and other documents at the IRS. Therefore, once electronic invoices are enacted in law and in practice, this procedure will be eliminated.

    1 day no charge
    * 6

    Obtain a "patente municipal" working license from the competent municipality

    Agency: Municipality

    Decree Law 3063/1979 rules that any profession, activity, industry, commerce, art, or any other profitable activity, independent of its denomination, must obtain a working license from the municipality. A separate license must be obtained from the corresponding municipality for each of the enterprise’s establishments, offices, warehouses, and so forth.

    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

    Agency: Mutuales de Seguridad

    According to Law 16.744 (article 15), it is mandatory for the employer to pay an insurance which covers work related accidents and professional illnesses. Entrepreneurs have the option to pay the insurance to the public Institute of Occupational Safety (Instituto de Seguridad Laboral (ISL), former Instituto de Normalización Previsional) or to private nonprofit entities known as Mutuales. In Chile, there are three private Mutuales:
    • Asociación Chilena de Seguridad.
    • Mutual de Seguridad de la Cámara Chilena de Construcción. de la construcción.
    • Instituto de Seguridad del Trabajo.

    1 day, simultaneous with previous procedure no charge

    * Takes place simultaneously with previous procedure.