Kreston MCA
April 11, 2024
April 11, 2024
July 5, 2023
Kreston ATC Chile has launched a comprehensive new guide to starting a business in Chile. As a leading auditing and advisory firm in Chile, their goal is to equip our clients with the guidance and support they need to turn their entrepreneurial visions into reality. Ricardo Gameroff, partner at Kreston ATC Chile, comments;
“Chile’s robust and stable economic landscape has captured the attention of international investors, and our guide serves as a gateway into the vibrant business ecosystem of our nation, showcasing a wealth of opportunities for those seeking foreign investment.”
Below is a brief summary of the 62-page guide, which offers legal and regulatory frameworks, financial activities, industry-specific scenarios, culturally attuned insights, pragmatic recommendations, and more.
Setting up a business in Chile can be a relatively straightforward process, with the timeline for registration varying depending on the company type and registration complexity. Typically, incorporating a company in Chile takes about one – two weeks when all required documentation is accurately and timely submitted.
Chilean law generally does not impose a minimum capital requirement for company formation, except for certain special types of “Sociedades Anónimas” (stock corporations). In most cases, a capital of 1 peso is sufficient. However, it is important to note that this amount may not cover all the costs associated with starting and operating a business in Chile.
When it comes to raising finance in Chile, several methods are commonly used, including bank loans, venture capital, crowdfunding, government programs, and angel investors. Each option has its own advantages and considerations, and the choice should be based on your specific business needs and circumstances.
To set up a business in Chile, you must comply with certain legal requirements. These requirements may vary depending on your business type and industry. Key obligations include establishing a legal entity, registering your business with government agencies, obtaining necessary licenses and permits, ensuring compliance with employment laws, adhering to accounting and tax regulations, and acquiring any additional certifications required.
When establishing a business in Chile, selecting the appropriate business structure is crucial. Common options include corporations (Sociedad Anónima, SA), limited liability companies (Sociedad de Responsabilidad Limitada, SRL), “Sociedad por Acciones” (SpA), and branch offices (Agencia). Consider your business goals, legal requirements, and operational considerations to make an informed decision.
Compliance with payroll and taxation regulations is essential when operating a business in Chile. It is important to register with the Chilean tax authorities and meet all legal obligations. Seeking guidance from local professionals, such as lawyers or accountants, can help navigate the intricacies of payroll and taxation requirements effectively.
Contact Kreston ATC Chile for additional insights or to arrange a consultation or get in touch.
March 10, 2023
Kreston ATC Chile is the latest firm to become part of Kreston Global.
The firm provides services to local and international companies across Chile and overseas, ranging from external and internal audits, taxes, risk advisory, forensics, payroll and bookkeeping. Headquartered in the capital, Santiago, the firm is led by experienced partners with backgrounds in EY and RSM, used to reporting to offices in North America, Europe and Asia.
Pictured from left to right are Ricardo Gameroff, Partner-Advisory Leader and International Liaison, Hans Caro, managing partner, and Eduardo Medina, audit lead partner.
Hans Caro Larsen, Managing Partner, commented, “We are very excited to join Kreston and are committed to contributing to the global organisation with our knowledge and experience. We already have one of our partners involved in the network’s Global Audit Group as well as serving as a member of the Global Quality Group and look forward to extensive international collaboration”
To learn more about doing business in Chile, click here.
January 23, 2023
LONDON – Kreston Global has begun 2023 by welcoming eight new member firms on four continents: India, Uganda, Lebanon, Japan, Croatia, Bangladesh, Chile and Taiwan.
The eight new member firms are:
Kreston Croatia was founded by Managing Partner Ivan Pečur who has worked in a number of international accountancy organisations over the last 16 years as an audit partner. He is joined by two other partners.
Bhatia & Bhatia was founded in 1981 and provides audit, tax and accounting services to a range of domestic and international clients. It works closely with a broad base of affiliated chartered accountant firms across all major cities in India.
Kreston HM was founded by Managing Partner Hitesh Mehta in 2005. It provides audit, accounting services and tax advisory to international and local clients from its offices in Kampala and Jinja. It has three partners and 45 staff.
Accurate Accounting & Audit was founded in 2021 and is led by four certified auditors. It has over 20 staff based in its central Beirut offices, providing services to corporate and private clients across the construction and building supplies, professional partnerships, hospitality, retail and sports sectors.
Maria Howlader and Co is based in Dhaka, Bangladesh and comprises 34 employees and offers audit, accounting and tax services to international businesses and foreign subsidiaries based in Bangladesh and overseas.
Kreston ATC Chile is a newly established firm in Chile, based in Santiago. The firm has 24 staff and five partners, and is led by Managing Partner Hans Caro. The firm is made up of previous Kreston partners including Ricardo Gameroff who is already involved with the Kreston network through the Global Audit and Quality
Groups. The firm has a number of international clients and specializes in external and internal audits, taxes, risk advisory, forensics, payroll and bookkeeping.
Top New & Co is based in Taipei, Taiwan and is returning to the Kreston network after a few months away. Run by Yashu Hung, who is the lead audit partner, together with two other audit partners and a staff of 20, they offer audit and accounting services to a range of privately owned and not-for-profit organisations.
2022 saw Kreston Global holding its hugely successful network-wide conference in Madrid, the first in-person conference the network has held since the pandemic began. 2022 also saw the launch of its first Environmental, Social and Governance Advisory Committee, launch of new international steering groups for Internal Audit, Transfer Pricing and Life Sciences, and lastly a flagship thought leadership report, ‘The Interpreneur Mindset’.
Liza Robbins, Chief Executive of Kreston Global, said:
“It is with great pleasure that I welcome our latest joiners to the Kreston Global network. To have eight firms join in a short period is a major achievement, but to have eight firms of this calibre join is a significant testament to our depth and breadth.
“In recent years we have spent a great deal of time evaluating and fine-tuning our strategy. We have listened closely to our members, working with them on a range of areas and launching a number of exciting new initiatives. I am excited to move into 2023 with both our existing and new colleagues as we continue to develop our proposition to the entrepreneurial business community.”
Get in touch to talk about how Kreston Global firms can help your expanding business in these eight countries.
January 12, 2023
July 8, 2021
July 2, 2021
Sector: Manufacturing & Automotive, Technology, Media & Telecom
SENER is a private engineering and technology group founded in 1956. It seeks to offer its clients the most advanced technological solutions and enjoys international recognition for its commitment to innovation, its quality and for its independence.
SENER has nearly 2,500 professionals across its centers in Algeria, Argentina, Brazil, South Korea, Canada, Colombia, Chile, China, the United Arab Emirates, Spain, the United States, Morocco, Mexico, Poland, Portugal, the United Kingdom and South Africa. It accomplishes Aerospace and Engineering and Construction activities and has industrial holdings in companies working in the field of Energy and Environment.
In 2013, SENER Group created SENER (Shanghai) Systems Company Limited to provide high quality services to Chinese clients. SENER (Shanghai) needed finance & tax consultation, accounting and personnel services to support its development. It engaged Brighture to provide these services in 2016.
Brighture provides SENER with their management accounts, tax compliance and reporting, as well as tax advisory and planning services to help mitigate tax liabilities.
“We are very focused on ensuring that we understand our client’s needs so we can be responsive and proactive with advice and solutions. Our job is to help improve our clients’ efficiency and ensure we help grow their business.“
“With respect of opinion of Brighture service, we are more than satisfactory with the service provided by Brighture. We have very easy communication with Brighture. All the reports prepared by Brighture are well organized, sent in time. The data are all correct, etc. In one word, we are very happy working with Brighture.”
Mr.Guangwu Liu
GM at SENER (Shanghai) Systems Company Limited