Starting a business in Chile

Legal Forms of Companies

Empresa Individual de Responsabilidad Limitada (EIRL) is a Sole Propietorship company

Number of partners: One natural person.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed.

Sociedad de Responsabilidad Limitada (LTDA) is a Private Limited Company.

Number of partners: Minimum 2 partners, maximum 50 partners, who have property rights.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed.

Sociedad Anonima (SA) is a Public Limited Company. Can be public or private.

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital. One-third of the capital must be paid at the creation of the company and the remainder within three years.
Shareholders and liability: Liability is limited to the amount contributed.

Sociedad en Commandita is a Limited Partnership.

Number of partners: Minimum 2 to a maximum of 50 partners. Two types of partners: active partners and silent partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed for the silent partners, and unlimited for the active partners.

Business Setup Procedures

Source: Doing Business - Latest available data.