Expanding your business internationally can be a strategic move to optimize taxation, secure asset protection, and access a global market. For Chilean entrepreneurs, registering a company in the Cayman Islands is an appealing option due to its tax-neutral environment, strong legal framework, and reputation as a world-class financial hub. Whether you run a Santiago-based fintech startup, an investment firm in Las Condes, or an export business in Valparaíso, setting up an offshore company here can provide flexibility and financial advantages. However, before taking this step, it is crucial to navigate the intricacies of Chile’s foreign exchange regulations, controlled foreign corporations (CFC) rules, and evolving global tax transparency measures such as CRS and FATCA compliance.
This guide will walk you through the essential aspects of incorporating a Cayman Islands company from Chile, ensuring compliance with both jurisdictions. You’ll learn about the key requirements, necessary documents, step-by-step incorporation procedures, and potential legal implications, including anti-money laundering (AML) compliance and tax considerations. Whether you’re looking to establish a holding company or an investment vehicle, understanding these elements can help you make informed business decisions in an era of increasing regulatory scrutiny.
Can you register a company in the Cayman Islands from Chile?
Yes, individuals and business entities from Chile can register a company in the Cayman Islands. Incorporation is possible from any country, and there is no requirement for physical presence. The process is entirely remote and digital, allowing entrepreneurs to establish a company efficiently. With over 116,000 registered companies in the Cayman Islands, the jurisdiction offers a streamlined regulatory environment with no bureaucratic hurdles, making it an attractive option for international business.
There are no residency requirements for directors or shareholders, meaning Chilean entrepreneurs can fully manage their Cayman Islands company online without needing to visit the jurisdiction. Utilizing a service like Vepapu ensures a smooth and legally compliant setup, facilitating the entire incorporation process effortlessly.
Common reasons for individuals and businesses from Chile to incorporate in the Cayman Islands
Asset Protection
Wealthy individuals and business owners in Chile often establish offshore entities in the Cayman Islands to safeguard their assets from potential legal claims, economic downturns, and unstable regulatory environments. This jurisdiction offers advanced legal frameworks that protect assets from unjustified seizure, providing an extra layer of security against litigation risks or government intervention.
Inheritance Planning
Chile's inheritance tax laws can be complex and financially burdensome for high-net-worth families looking to pass on their wealth. By incorporating a Cayman Islands company, assets can be structured more efficiently to ensure smooth succession planning while minimizing tax liabilities and legal complications arising from Chile’s inheritance regulations.
Taxation Benefits
The Cayman Islands do not impose corporate, income, or capital gains tax, making it an attractive jurisdiction for Chilean entrepreneurs and investors seeking to minimize tax exposure legally. While Chile mandates taxation on worldwide income, sophisticated tax planning through offshore structuring can optimize overall tax efficiency while staying in compliance with international regulations.
Holding All Assets and Properties
Many Chilean investors prefer to hold international assets—such as real estate, commodities, or shares—under a Cayman Islands company to simplify ownership structures and reduce cross-border taxation issues. This strategy enables a more straightforward transfer of assets while protecting investments from domestic fiscal policies that might otherwise restrict capital movement.
Privacy
Financial and corporate anonymity is a significant draw for Chilean business owners who want to keep their financial affairs private. The Cayman Islands provide a non-public registry of directors and shareholders, ensuring confidentiality, unlike Chile, where business ownership and financial information can be more exposed to public scrutiny.
Ease in Operating Business
Incorporating in the Cayman Islands allows Chilean companies to streamline operations with reduced bureaucratic hurdles compared to local corporate structures. With minimal annual filing requirements and straightforward governance policies, businesses can focus more on strategic growth and international expansion without excessive compliance burdens.
Less and Streamlined Compliance Requirements
Chilean corporations are subject to complex tax filings, financial disclosures, and regulatory scrutiny, which can be costly and time-consuming. Cayman Islands companies benefit from simplified compliance, with fewer reporting obligations and no stringent audit requirements, making them particularly appealing for businesses prioritizing efficiency.
Running a Restricted Business
Certain industries in Chile, such as financial services, gambling, or consulting, face heavy local regulatory constraints. Operating through a Cayman Islands entity can facilitate international business expansion while avoiding restrictive licensing and tax requirements imposed within Chile.
Foreign Exchange & Capital Controls
Chile applies exchange control regulations, which can complicate large-scale international transactions and foreign investment movements. Establishing a Cayman company enables seamless offshore banking, unrestricted currency conversions, and greater flexibility in handling cross-border financial operations.
International Banking & Investment Flexibility
Chilean business owners often struggle with banking restrictions, particularly when dealing with USD-denominated accounts or securing access to international financial systems. The Cayman Islands offer world-class banking facilities with renowned financial institutions that improve global financing options and enhance international investment capabilities.
Avoiding Local Political & Economic Instability
Economic uncertainties, government interventions, and fluctuating fiscal policies in Chile drive many entrepreneurs to seek stability in jurisdictions like the Cayman Islands. A Cayman-incorporated entity shields assets and operations from localized risks, offering a secure legal environment for business continuity and long-term wealth preservation.
Access to Global Investors & Venture Capital
Startups and multinational corporations in Chile looking to attract international funding often incorporate in the Cayman Islands to appeal to global investors. Cayman structures are widely recognized and favored by venture capital firms, private equity funds, and institutional investors due to their legal clarity, tax neutrality, and investor-friendly frameworks.
Intellectual Property (IP) Holding & Licensing
Chilean tech companies and creative enterprises often register intellectual property rights under Cayman Islands entities to enhance monetization strategies while reducing taxation on royalties, licensing fees, and global IP transactions. This structure makes it easier to develop and commercialize IP globally while avoiding excessive local tax burdens.
Reputation & Credibility in International Markets
Operating through a Cayman Islands company can enhance the credibility of a Chilean business in international transactions and joint ventures. Many investors and multinational partners prefer dealing with entities domiciled in globally recognized financial centers like the Cayman Islands, which adds a layer of legitimacy and professionalism.
Dual-Entity Structuring for Compliance & Optimization
Chilean corporations engaged in multinational trade or investment often use dual-entity structures to optimize taxation and regulatory compliance. A Cayman Islands holding company, combined with an onshore Chilean subsidiary, allows for strategic financial management, reducing tax burdens while ensuring full regulatory adherence in both jurisdictions.
What challenges could arise while incorporating a company in the Cayman Islands from Chile?
Understanding Offshore Compliance
Chilean businesses looking to register in the Cayman Islands must ensure compliance with both local and international regulations. Chile has strict anti-tax evasion laws, and offshore entities must align with transparency requirements. If not structured properly, a Cayman company may face scrutiny from the Chilean tax authorities, potentially leading to increased reporting obligations and audits.
Banking Limitations
Opening a corporate bank account in the Cayman Islands can be challenging, particularly for Chilean nationals or businesses in high-risk industries. Most Cayman banks require extensive due diligence, including proof of business activities, ultimate beneficial ownership (UBO) declarations, and a strong compliance history. Some banks may also impose stricter requirements due to Chile’s classification under various international banking and tax regulations, making the process lengthy and complex.
Regulatory Changes
Changes in regulatory frameworks, both in Chile and globally, could impact the viability of a Cayman offshore entity. Chile has been aligning with international tax transparency frameworks, including agreements under the OECD’s BEPS (Base Erosion and Profit Shifting) initiative. This means that offshore structures may face additional scrutiny, making it essential to stay updated with regulations that could affect tax reporting and offshore benefits.
Ongoing Maintenance Costs
While incorporation in the Cayman Islands is relatively straightforward, maintaining compliance requires ongoing effort and costs. Businesses must meet annual renewal fees, maintain a registered office, and ensure adherence to Economic Substance requirements if applicable. Fortunately, Vepapu provides a seamless, fully digital compliance service, ensuring that Chilean entrepreneurs can manage these obligations efficiently without unnecessary complications.
Limited Local Operations
A Cayman Islands company is ideal for international business, asset protection, or investment purposes, but it does not permit local trade or employment. If a Chilean company intends to establish a physical presence or hire employees in the Cayman Islands, it would require additional licensing and compliance measures. For entrepreneurs purely looking for an offshore holding solution, this limitation is rarely an issue, but for those seeking operational expansion, other jurisdictions may be more suitable.
Different types of companies that can be registered in the Cayman Islands from Chile
Exempted Company
An Exempted Company is the most popular corporate structure for Chilean entrepreneurs and investors seeking to establish an offshore entity in the Cayman Islands. This type of company is ideal for international business operations as it is not required to conduct business within the Cayman Islands and is exempt from local taxation. It offers flexibility in share issuance, does not require annual shareholder meetings in the jurisdiction, and can be continued in another country if needed.
Limited Liability Company (LLC)
A Cayman Islands Limited Liability Company (LLC) offers a flexible structure similar to an LLC in the United States, making it an attractive option for Chilean businesses involved in investment management or joint ventures. The LLC structure provides legal protection by separating personal and corporate liabilities and does not impose taxes at the local level. Unlike traditional corporations, an LLC operates under an operating agreement rather than articles of incorporation, allowing for customized management and distribution structures.
Foundation Company
A Foundation Company is a hybrid between a corporation and a trust, making it a favored structure for Chilean business owners managing wealth, philanthropy, or succession planning. Unlike a traditional trust, a Foundation Company has separate legal personality, meaning it can contract and operate in its own name. It does not require shareholders, making it a favorable structure for long-term asset protection while allowing for tailored governance and management provisions.
Limited Partnership (LP)
A Limited Partnership (LP) in the Cayman Islands is widely used by Chilean investors for private equity, venture capital, and investment fund structures. This entity consists of general partners who manage the business and limited partners who contribute capital but have limited liability. The LP is tax-neutral in the Cayman Islands, making it an appealing choice for cross-border investments, particularly for those looking to structure funds in a globally recognized offshore jurisdiction.
Special Economic Zone (SEZ) Company
A Special Economic Zone (SEZ) Company is designed for businesses operating within the Cayman Islands' dedicated free trade zones, such as Cayman Enterprise City. This type of entity is beneficial for Chilean entrepreneurs in technology, media, and finance who seek to benefit from accelerated setup processes, work permit exemptions, and operational tax advantages. SEZ Companies are ideal for businesses that require local office space while retaining the tax benefits of an offshore jurisdiction.
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Requirements to start a company in the Cayman Islands from Chile
Members
For an Exempted Company, at least one director and one shareholder are required, and they can be individuals or corporate entities. There are no residency requirements, meaning Chilean nationals can own and manage the company without needing a local director. In the case of a Limited Liability Company (LLC), at least one member is required, who can be based anywhere in the world, allowing full control from Chile without local participation obligations.
Registered Office and Registered Agent
Every company registered in the Cayman Islands must have a local registered office, which serves as the official address for legal notices and company records. A licensed registered agent is also necessary and must be located in the Cayman Islands; most businesses engage local corporate service providers to fulfill this requirement seamlessly.
Company Name Approval
Before incorporation, the proposed company name must be submitted for approval by the Cayman Islands Registrar of Companies. Names that are identical or too similar to existing entities, contain restricted words (such as "Bank" or "Insurance"), or imply government affiliation may be rejected. Chilean entrepreneurs should ensure their chosen name aligns with these regulations to avoid delays in registration.
Minimum Share Capital
There is no specific minimum share capital requirement for an Exempted Company, although many companies register with a standard authorized share capital of USD 50,000 to benefit from the minimum government fee structure. LLCs, on the other hand, do not require a predetermined share capital, providing flexibility for businesses looking to operate without maintaining a fixed equity structure.
Incorporation Paperwork
For an Exempted Company, filing the Memorandum and Articles of Association (MAA) with the Registrar of Companies is a key step in incorporation. These documents outline the company’s purpose, structure, and governance. In the case of an LLC, a Registration Statement must be submitted instead, providing essential details such as the company name and registered office address. Both entity types must comply with Cayman Islands regulations, but LLCs enjoy more flexibility in operational structuring.
Due Diligence
The Cayman Islands requires stringent due diligence on all company members, directors, and key personnel. Chilean founders must provide certified identification, proof of address, and professional references to meet anti-money laundering (AML) and Know Your Customer (KYC) requirements. Additionally, details about the company’s intended business activities must be disclosed to ensure compliance with local financial regulations.
For Individuals:
The following documents are required for every individual member (directors, shareholders, and ultimate beneficial owners)
A certified true copy (scanned version) of a bank statement or utility bill (e.g., electricity, gas, water, internet, cable, waste management, and sewage).
Copies of the last two tax returns, a letter of employment, a letter from an accountant certifying your annual income, or financial statements or bank statements from the last 2 years.
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.
A detailed description of your business activities (products and services, sectors, major operating countries), and business model.
For Corporations:
The following documents are required for every corporate member (corporate directors, corporate shareholders, and ultimate beneficial owners)
Certificate of Incorporation
Memorandum and Articles of Association / Constitution
Register of Director
Register of Shareholder / UBO
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).
How to Register a Company in the Cayman Islands from Chile?
Step 1: Decide on the Structure
Single Entity Structure
A single-entity Cayman Islands company is suitable for Chilean entrepreneurs and investors looking for a standalone offshore entity. This structure is commonly used for international trade, asset protection, intellectual property management, or investment purposes without direct links to Chilean regulatory frameworks.
Double Entity Structure
A double-entity structure involves a Cayman Islands holding company that owns an operational entity in Chile. This setup is ideal for businesses looking to expand internationally while maintaining a tax-efficient structure. It allows the Chilean subsidiary to conduct local operations while the Cayman holding company serves as the parent, facilitating foreign investment and asset management.
Multiple Entity Structure
A multiple-entity Cayman Islands structure is best suited for businesses managing subsidiaries across various jurisdictions. This model is often used by investment funds, multinational corporations, or real estate ventures seeking a centralized offshore holding company. It provides asset protection, corporate privacy, and jurisdictional diversification, benefiting businesses with global interests.
Step 2: Paperwork and Company Incorporation
Company name availability check and reservation
Before proceeding with incorporation, verify that the desired company name is available in the Cayman Islands registry. A name reservation request must be submitted to prevent others from registering the same name. The name should comply with Cayman Islands naming regulations and avoid any restricted terms.
Preparation of corporate documents and registration
For an exempted company, the core incorporation document is the Memorandum and Articles of Association (M&AA), while a Limited Liability Company (LLC) submits a Registration Statement. These documents outline the company’s structure, governance, and registered capital. The completed forms must be submitted to the Cayman Islands General Registry for approval. If the registry requires further clarification during the review process, communication may be necessary to address any queries and finalize incorporation successfully.
Step 3: Opening a Bank Account
Opening a bank account for your company is not mandatory. If required, you can open a corporate bank account either in the Cayman Islands or elsewhere, including Chile, depending on business preferences. Cayman banking institutions and international banks may have different requirements regarding initial deposits, minimum balances, and physical presence for account setup.
Many Chilean business owners prefer to maintain domestic banking relationships while executing international transactions through a Cayman company. Global financial centers such as Singapore, Hong Kong, Switzerland, and the UAE offer offshore banking facilities to Cayman-registered firms, providing financial flexibility and access to multicurrency accounts.
For digital-friendly businesses, fintech and online banking solutions offer a convenient alternative. Cayman companies can open accounts with digital banks or payment processors for seamless global transactions without strict geographic restrictions. This option is particularly useful for e-commerce businesses, tech startups, and cryptocurrency enterprises.
Step 4: Apply for Licenses (if required)
Depending on the nature of business, additional licenses may be required:
Financial Services License – If the company intends to operate within investment management, wealth advisory, or fund administration, registration with the Cayman Islands Monetary Authority (CIMA) is mandatory.
Virtual Asset Service Provider (VASP) License – Companies engaging in cryptocurrency exchange, blockchain services, or digital asset investments need to obtain a VASP license under Cayman’s regulatory framework for virtual assets.
Insurance & Reinsurance License – Businesses involved in insurance or reinsurance activities must secure a specialized license to operate legally under Cayman Islands insurance regulations.
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Certificate of Incorporation provided by the Registry in the Cayman Islands approving your company's incorporation
What are the Annual Compliance Requirements in the Cayman Islands?
Filing an Annual Return
Every Cayman Islands-exempted company must file an annual return with the General Registry to confirm its legal standing. This submission is a straightforward declaration confirming that the company has complied with all local regulations and has not conducted business within the Cayman Islands, as required by law.
Payment of Annual Government Fees
To maintain good standing, offshore entities must pay an annual government renewal fee, the amount of which depends on the company's authorized share capital. This fee must be paid by January 31 each year to avoid late penalties and the risk of the company being struck off the register.
Maintaining a Registered Office and Registered Agent
Cayman Islands law mandates that every offshore company maintain a registered office and appoint a registered agent within the jurisdiction. The registered office serves as the official address for legal correspondence, while the registered agent ensures compliance with local regulations and handles statutory filings.
Economic Substance Compliance (If Applicable)
Companies engaged in relevant activities under the Cayman Islands’ Economic Substance Act must file an annual economic substance report with the Tax Information Authority. This report demonstrates whether the company meets economic substance requirements, including maintaining adequate staff, having a local presence, and carrying out core income-generating activities in the jurisdiction.
Registers Maintenance and Record Keeping
Exempted companies must maintain up-to-date registers of directors, members, and beneficial owners, which should be accessible at the registered office. Although these records are not publicly available, they must be kept accurate and in compliance with the Beneficial Ownership Regulations if applicable.
Industry-Specific Compliance for Regulated Entities
Businesses engaged in regulated sectors, such as financial services or investment funds, must meet additional compliance requirements imposed by regulatory bodies like the Cayman Islands Monetary Authority (CIMA). These obligations may include submitting audited financial statements, reporting on anti-money laundering measures, and fulfilling licensing conditions.
Non-Compliance Implications
Failure to meet annual compliance requirements can result in late penalties, administrative fines, or the company being struck off the registry. If struck off, the company loses its legal status and assets may become vested in the Cayman Islands government, potentially causing significant operational and financial disruptions.
Annual Filings, Renewals, and Reporting Requirements for the Cayman Islands Company
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Other Considerations in Forming a Company in the Cayman Islands from Chile?
Double Taxation Agreement (DTA)
Chile does not have a double taxation agreement (DTA) with the Cayman Islands, meaning income generated by a Cayman company may not benefit from tax relief mechanisms available in jurisdictions with such treaties. Any income repatriated to Chile could be subject to Chilean corporate and personal taxes, depending on the ownership structure and the classification of the entity under Chilean tax law.
Permanent Establishment (PE)
If a Cayman Islands company has significant decision-making functions or business activities conducted from Chile, Chilean authorities may consider it as having a permanent establishment (PE) in the country. This could result in corporate tax obligations within Chile, even if the company was formed offshore. Maintaining substantial management outside Chile is crucial to avoid this classification.
Controlled Foreign Corporation (CFC) Rules
Chile’s Controlled Foreign Corporation (CFC) rules require Chilean taxpayers to report and pay taxes on passive income earned by offshore entities they control. If a Chilean resident holds significant control over a Cayman-registered company generating passive income—such as dividends, interest, or royalties—this income could be subject to immediate taxation in Chile, even if not distributed.
Economic Substance (ES) in the Cayman Islands
Certain Cayman Islands entities must meet economic substance (ES) requirements if engaged in relevant activities such as banking, finance, or intellectual property management. Simply registering a company in the Cayman Islands without sufficient local operations may not satisfy these rules. For Chilean business owners, structuring the company to comply with Cayman ES laws while ensuring compliance with Chilean tax treatment is essential.
Transfer Pricing
If a Cayman Islands company transacts with related entities in Chile, transfer pricing regulations apply to ensure that pricing is at arm’s length. Chilean tax authorities scrutinize such transactions to prevent artificial profit shifting, requiring proper documentation to justify pricing structures. Failure to comply could result in adjustments and additional tax liabilities in Chile.
Visa and Residence
Owning a business in the Cayman Islands does not automatically grant residency rights. If a Chilean entrepreneur wishes to reside in the Cayman Islands, separate residency applications must be made under local immigration laws. Additionally, managing the business from Chile could inadvertently trigger tax residency concerns, impacting the company’s offshore tax advantages.
How Vepapu Can Assist You in Opening Your Company in the Cayman Islands from Chile?
Vepapu simplifies the entire offshore company registration process for Chilean entrepreneurs looking to establish a business in the Cayman Islands—all without leaving Chile. Handling everything remotely, Vepapu ensures swift name approval, incorporation filings, and delivery of official documents like the Certificate of Incorporation. The team also assists with international banking solutions, guiding you through account selection, documentation, and submissions, whether in the Cayman Islands, Chile, or other financial hubs. With expertise in Cayman compliance regulations, Vepapu helps maintain your company’s good standing by managing annual filings and ensuring compliance with Economic Substance (ES) requirements if applicable. By taking care of every step, Vepapu provides a seamless, fully online incorporation experience tailored to clients in Chile, allowing you to focus on growing your business with confidence.
Frequently Asked Questions while forming a company in the Cayman Islands from Chile?
Can I form a company in the Cayman Islands from Chile?
Yes, Chilean individuals and businesses can incorporate a company in the Cayman Islands without needing to visit in person. The registration process can be completed remotely through a registered Cayman corporate service provider. The most common entity for offshore business is the Cayman Islands Exempted Company, which offers flexibility, privacy, and tax advantages.
Does Chile have any tax treaties or agreements, such as DTA (double taxation agreements), with the Cayman Islands?
No, Chile and the Cayman Islands do not have a Double Taxation Agreement (DTA) or any formal tax treaties. This means that income generated through a Cayman entity is not automatically subject to taxation in Chile, but Chilean tax residents are still required to report foreign income under Chile’s tax laws. It is essential to understand local compliance requirements to avoid any tax complications.
Does the Cayman Islands share any details with the Chile government and authorities?
The Cayman Islands does not publicly disclose corporate information, but it participates in global regulatory frameworks such as the Common Reporting Standard (CRS). Under CRS, financial institutions in the Cayman Islands may share account-related information with Chilean tax authorities if the account holder is a Chilean tax resident. However, direct corporate ownership information is not automatically exchanged unless required by international law enforcement requests.
Does Chile recognise the company documents issued by the Cayman Islands?
Yes, Chile recognises corporate documents issued by the Cayman Islands as long as they are properly authenticated. Both Chile and the Cayman Islands are members of the Hague Apostille Convention, meaning Cayman-issued documents, such as a certificate of incorporation or corporate resolutions, can be legalised with an apostille. Once apostilled, they are legally valid in Chile without the need for further consular authentication.
Do I need any approvals from the Chile government to incorporate a company in the Cayman Islands?
No, Chilean law does not require prior government approval for its citizens or residents to incorporate an offshore company in the Cayman Islands. However, business owners must comply with Chilean tax regulations, including reporting foreign holdings and income declared through the “Registro de Inversiones en el Extranjero” (Foreign Investment Registry) maintained by the Chilean tax authorities.
Can I open a bank account for my Cayman Islands company in Chile?
Yes, a Cayman Islands company can open a bank account in Chile, provided it meets the compliance requirements of Chilean financial institutions. The Cayman Islands itself does not impose any restrictions on opening a bank account in another country, including Chile. If you have an existing banking relationship in Chile, it may simplify the process. However, many Chilean banks impose strict due diligence measures on offshore companies, so an alternative option is to open an account in a more offshore-friendly jurisdiction instead.
Can I operate my Cayman Islands company from Chile?
Yes, you can manage and operate your Cayman Islands company while residing in Chile. The Cayman Islands does not require offshore companies to rent office space or maintain a physical presence within the jurisdiction. However, depending on your activities, Chilean tax laws may consider your company as being tax resident in Chile if key management decisions and control are exercised from there, potentially subjecting it to local taxation.
Are Cayman Islands companies blacklisted or restricted in Chile?
No, the Cayman Islands is not officially blacklisted by the Chilean government. However, Chile monitors offshore entities closely, and businesses that use Cayman structures may be subject to increased scrutiny under Chile’s anti-tax avoidance regulations. Additionally, transactions involving Cayman-domiciled companies could face withholding taxes or be reviewed under Chile’s “jurisdicciones de baja o nula tributación” (low or no-tax jurisdictions) framework.
Can a Cayman Islands company hold property or real estate in Chile?
Yes, a Cayman Islands company can legally own property or real estate in Chile. Foreign corporations are allowed to acquire and hold real estate in Chile, including offshore entities, as long as they comply with Chilean investment laws and tax obligations. If the property generates rental income or capital gains, the Cayman company may be liable for taxes in Chile, and any such income must be properly reported to Chilean tax authorities.
Can I hire employees in Chile through my Cayman Islands company?
Yes, a Cayman Islands company can hire employees in Chile, but it must comply with Chilean labor laws. This includes registering with the local tax and social security authorities, withholding employee contributions, and adhering to Chilean employment regulations. Some businesses choose to set up a local branch or representative entity in Chile to facilitate hiring and ensure compliance with labor and tax authorities.
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