We assist local founders and international investors navigate Chilean banking compliance, CMF regulations, and local representation requirements. Supporting founders from over 50+ countries.
Your information is secure and will only be used to respond to your inquiry.
Opening a business account in Chile requires precise navigation of local tax requirements with the Servicio de Impuestos Internos (SII), identification verification through the Rol Único Tributario (RUT), and mandatory local legal representation. We act as your specialized corporate intermediary, preparing your corporate dossier and liaising directly with Chilean financial institutions.
We ensure your Chilean company (SpA, SRL, or SA) possesses an active RUT, verified tax domicile (domicilio tributario), and valid Inicio de Actividades before submitting files to bank compliance desks.
Chilean commercial banks mandate statutory corporate charters (escrituras públicas), proofs of legal representation (personería), and sworn ownership disclosures in Spanish. We assemble, translate, and verify these records.
We submit and track your file with dedicated account managers (ejecutivos de cuenta) at leading Chilean financial institutions where intermediary representation is permitted, minimizing delays and administrative friction.
Chilean regulations require a local legal representative (representante legal) with residency. We coordinate signature logistics and KYC interviews between your executive team and the bank.
Requirements marked as 'Needs provider confirmation' depend on individual executive discretion, risk profile, and changing institutional policies. Final approval rests solely with the institution.
| Provider | Non Resident Accepted | Remote Onboarding | Local Address Company Requirements | Typical Timeline |
|---|---|---|---|---|
| Banco de Chile | Yes (Subject to resident legal representative) | No (Requires in-person branch verification or notary power) | Chilean entity (SpA/SRL), Chilean RUT, verified tax address (domicilio tributario) | 4 to 8 weeks |
| Banco Santander Chile | Yes (Subject to enhanced compliance and resident legal representative) | No (Legal representative must sign in branch) | Chilean company, active SII Inicio de Actividades, local commercial address | 4 to 6 weeks |
| Bci (Banco de Crédito e Inversiones) | Yes (Non-resident ultimate beneficial owners accepted) | Needs provider confirmation (Hybrid; remote pre-approval possible, local signing required) | Chilean incorporated entity, local RUT, resident representative | 3 to 6 weeks |
| Scotiabank Chile | Needs provider confirmation (Varies by business sector and foreign ownership level) | No (In-person verification of legal representative required) | Chilean entity with full registration and Chilean tax domicile | 4 to 8 weeks |
| Itaú Chile | Yes (Requires full UBO documentation and local representative) | No (Requires physical signature by appointed representative) | Chilean company, registered commercial domicile, tax clearance | 4 to 7 weeks |
| BancoEstado | Restricted (Primarily caters to domestic operations; foreign UBOs require enhanced review) | No (Strict in-person branch processing) | Chilean entity, resident legal representative with Chilean identity card (Cédula de Identidad) | 3 to 6 weeks |
| Global66 Business | Yes (For Chilean companies with international stakeholders) | Yes (Fully digital verification flow) | Chilean company RUT and legal representative with valid Chilean/national ID | 3 to 7 business days |
| Mercado Pago Empresas Chile | Yes (If company has local legal representation) | Yes (Digital account activation) | Registered Chilean business RUT, local tax address, Clave Tributaria | 2 to 5 business days |
International founders establishing a subsidiary, SpA, or branch in Chile.
Companies with foreign ultimate beneficial owners (UBOs) needing corporate bank accounts.
Businesses that already have or require a local resident legal representative (representante legal).
Trading, software, mining-services, and consulting companies seeking multi-currency accounts (CLP and USD).
Founders who need full administrative assistance navigating SII tax registrations and bank compliance desks.
Individuals seeking personal offshore accounts without commercial activity.
Foreign companies without a registered Chilean entity, RUT, or authorized local legal representative.
Businesses operating in restricted industries (unregulated gambling, unlicensed financial services, speculative crypto platforms).
Applicants looking for guaranteed account openings or unverified, anonymous corporate facilities.
A Chilean corporate bank account cannot be opened without a legally formed entity possessing an active Rol Único Tributario (RUT) and registered bylaws at the Conservador de Bienes Raíces or the Registro de Empresas y Sociedades. If your company is not yet formed, our legal team can handle your complete incorporation, tax registration with the SII, and statutory domicile setup. Non-resident directors can also explore our administrative support via our corporate formation and governance services and establish mandatory local representation through our our corporate formation and governance services.
We evaluate your company structure (SpA, SRL, foreign branch), shareholder jurisdictions, and business operations to determine optimal banking partners in Chile.
We compile statutory deeds (escritura pública), certificate of validity (certificado de vigencia), SII tax initiation records, and UBO declarations, ensuring certified Spanish translations are complete.
We submit your compliance package directly to commercial banking desks or digital payment platforms, managing ongoing information requests and compliance dialogues on your behalf.
Once underwriting is approved, we coordinate final signature formalities with your resident legal representative, verify digital banking tokens, and confirm operational readiness.
Chile is one of Latin America's most stable and open economies, yet its banking regulatory system—monitored by the Comisión para el Mercado Financiero (CMF)—enforces rigorous capital controls and anti-money laundering frameworks. Foreign founders can legally own 100% of a Chilean company (commonly an SpA - Sociedad por Acciones), but two foundational legal requirements must be separated: the residence of the ultimate beneficial owners and the statutory legal representative of the Chilean entity. Under Chilean commercial law, every domestic entity must appoint a 'Representante Legal' who is either a Chilean citizen or a foreign national holding permanent or temporary Chilean residency. Traditional banks will not open a corporate checking account (cuenta corriente) without this representative signing on behalf of the company. Additionally, non-resident shareholders must obtain an investor RUT (RUT para inversionistas extranjeros) from the SII. Our service guides non-resident founders through every step of this legal architecture, bridging the gap between foreign ownership and local Chilean banking compliance.
We regularly assist international executive teams, regional holding companies, and foreign investors across multiple global jurisdictions to access the Chilean financial ecosystem.
United States, Canada, Mexico, Brazil, Colombia, Argentina, Peru
United Kingdom, Germany, Spain, France, Netherlands, Switzerland
Australia, Singapore, Japan, South Korea, China
United Arab Emirates, Israel, South Africa
Everything you need to know about opening a corporate business bank account in Chile.
