FITA helps you find
service providers for:


flag Chile Chile: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

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. NB: Can be Public or private.
Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital. 1/3 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: From 2 to 50 partners maximum. 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.
The Competent Organization
All businesses from foreign capital must be registered with the Chilean committee for foreign investments.
Search a Company or a Financial Report
Chilnet, Business portal
 
Setting Up a Company Chile Latin America & Caribbean
Procedures (number) 7.0 9.0
Time (days) 8.0 53.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Chile.
The Commercial Registry

Return to top

The Active Population in Figures

201120122013
Labor force 8,099,0008,231,0008,367,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -57.30%60.40%
Men activity rate 73.40%74.30%74.20%
Women activity rate 41.80%46.80%47.10%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2012
Hotels, restauration, retail 23.8%
Education, healthcare, community services 15.0%
Manufacturing 11.5%
Agriculture, fishing 10.0%
Construction 8.2%
Transport and communications 7.3%
Private household services 6.6%
Administration, defense, security 5.8%
Mining sector 3.3%

Source: National Institute of Statistics

 
For Further Statistics
National Institute of Statistics
Direction of Labor

Return to top

Working Conditions

Legal Weekly Duration
45 hours
Retirement Age
65 years for men, 60 years for women
Working Contracts
Legal dispositions govern work contracts, collective conventions and individual negotiation complement them. 
The formality of the work contract is very rigid whereas  starting conditions and licensing constraints are more flexible.

Chile has four types of work contracts: open-ended contracts; fixed-term contracts which can last for a maximum of one year (or exceptionally two); piecework contracts are used when the worker is employed for a specific time-limited task; professional service contracts.

Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Return to top

Cost of Labor

Minimum Wage
CLP 182,000 per month (source: ILO, 2011).
Average Wage
Average monthly gross earnings in Chili is CLP 332,866 (USD 615).
Social contributions
Social Security Contributions Paid By Employers: 0.9% - 3.4%
Social Security Contributions Paid By Employees: 20%

Return to top

Social Partners

Social Dialogue and Involvement of Social Partners
Since 1992 the labor code has recognized the existence of organizations representing the workers, the most important of which is the Central Union of Workers (CUT).  The CUT is affiliated to the international confederation of syndicates.
Unions
Central Workers Union CUT
Unionization Rate
13.8%.
Labor Regulation Bodies
Ministry of Labor and Social Security

Return to top

Any Comments About This Content? Report It to Us.

 

Learn more about Operating a Business in Chile on Globaltrade.net, the Directory for International Trade Service Providers.

© Export Entreprises SA, All Rights Reserved.
Last Updates: January 2015