Quick Guide: Setting Up a Business in Chile in 2020

Name: Quick Guide: Setting Up a Business in Chile in 2020
Uploaded: 2023-09-21 19:30:16
Description: Creating a company in Chile can be done quickly and affordably through an online platform, but it is important to avoid common mistakes and consider important factors such as trademark registration, company name, corporate purpose, and financial planning.

This article is a summary of a YouTube video "Cómo crear Empresa en un día en Chile paso a paso 2020" by Emprendetube

TLDR Creating a company in Chile can be done quickly and affordably through an online platform, but it is important to avoid common mistakes and consider important factors such as trademark registration, company name, corporate purpose, and financial planning.

Key insights

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Creating a company in one day in Chile is possible through a platform that has existed since 2014, but it's important to avoid common mistakes.
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More companies are established in Chile through the online platform than the active system that is slower and more expensive.
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It's important to check for similar registered trademarks to avoid potential legal problems regarding industrial property rights when creating a company in Chile.
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The name of the company is crucial in the registration process, as it must follow certain rules and can affect the legitimacy of the business.
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The importance of properly describing your company's corporate purpose to avoid issues with later adding or changing economic activities.
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It is important to analyze specific variables when determining how much money to start a company with, rather than relying on generic advice.
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Incorporating specific clauses and agreements, such as consulting with partners for certain decisions, can be interesting and beneficial for each company's unique needs.
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The process of creating a company in Chile used to take up to 30 days and cost up to 300,600 pesos, highlighting the significant improvement in efficiency and affordability.