Non resident business accounts in Chile: what is possible

Snapshot

Chile generally has no dedicated non resident account category. A non resident individual usually cannot open a company account directly. The practical route is to form a Chilean registered entity, obtain its company RUT from the Servicio de Impuestos Internos, appoint a legal representative domiciled in Chile, and then open a standard business current account. A foreign owner can own that company, but the local entity and a qualifying legal representative are what make banking possible.

Dedicated non resident account: Generally none. A locally constituted company opens a standard business account instead. Verify with the provider.
What you normally need: A Chilean registered entity, a company RUT, and a legal representative domiciled in Chile. Verify with the provider.
Legal representative: Normally a Chilean national or a foreigner with a residence permit allowing business activity. Verify with the provider.
Foreign ownership: A foreign owner can own the Chilean company. Verify with the provider.

Fees and features as of 6 March 2026Last reviewed 6 March 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Chile generally has no dedicated non resident account, and a non resident individual usually cannot open a company account directly. The practical route is a Chilean registered entity with a company RUT and a legal representative domiciled in Chile, which then opens a standard business current account. A foreign owner can own that company. As of 6 March 2026, confirm your case with the provider and a local adviser. Information, not advice.

What non resident banking means in Chile

People often ask for a non resident business account when they live abroad but want to bank in Chile. In practice Chile does not offer a separate non resident category for companies. Instead, banking follows the company. A company that is legally constituted in Chile, holds a company RUT, and has a legal representative domiciled in Chile can open a standard business current account, regardless of whether its owners live abroad. As of 6 March 2026 the question is less about residence and more about having a properly constituted local entity.

The role of the RUT and the legal representative

The company RUT, issued by the Servicio de Impuestos Internos, identifies the business to banks and the tax authority and is required to open an account. The legal representative is the person who acts for the company with the bank, and is normally a Chilean national or a foreigner who holds a residence permit that allows business activity, such as a definitive visa or a qualifying temporary visa. As of 6 March 2026, confirm the current legal representative requirement with the provider and a local adviser.

The practical route for a foreign owner

A foreign owner usually forms a Chilean entity, commonly a sociedad por acciones, known as SpA, or a limited liability company, obtains the company RUT, appoints a legal representative domiciled in Chile, and then applies for a business account. Foreign documents may need apostille and translation, which can add time. Banks also run identity and compliance checks on the owners and the representative. As of 6 March 2026, confirm the documents and timeline with the provider.

What to confirm before you apply

If you are a non resident planning to bank in Chile through a local company, check these points, as of 6 March 2026. Verify with the provider

That the entity is properly constituted with a company RUT before you approach a bank.
That your chosen legal representative meets the residence and visa requirement to act for the company.
Whether foreign documents need apostille and translation, and what compliance checks apply to overseas owners.

How to proceed step by step

Form a Chilean entity and obtain its company RUT from the Servicio de Impuestos Internos.
Appoint a legal representative domiciled in Chile who meets the residence and visa requirement.
Apply for a standard business account with the company documents, and complete identity and compliance checks with the provider.

We do not list a non resident business account that is confirmed available to customers in Chile through an affiliate as of 6 March 2026. Chile generally has no dedicated non resident category, and banking runs through a locally constituted company with a RUT and a legal representative domiciled in Chile. See the related country guides below for markets where listed providers are available, and verify any local option directly with the provider and a local adviser.

Questions about non resident accounts in Chile

Can a non resident open a business account in Chile?

A non resident individual generally cannot open a company account directly. The usual route is a Chilean registered entity with a company RUT and a legal representative domiciled in Chile. As of 6 March 2026, confirm your case with the provider, since requirements vary.

Does Chile offer a dedicated non resident account?

There is generally no dedicated non resident account category in Chile. Instead, a company that is legally constituted in Chile can open a standard business current account. As of 6 March 2026, confirm the available account types with the provider.

Who can be the legal representative in Chile?

The legal representative is normally a Chilean national or a foreigner with a residence permit that allows business activity, such as a definitive visa or a qualifying temporary visa. As of 6 March 2026, confirm the current requirement with the provider and a local adviser.

How can a foreign owner bank in Chile?

A foreign owner usually forms a Chilean entity, obtains its company RUT, appoints a legal representative domiciled in Chile, and then opens a business account with that company. As of 6 March 2026, confirm the steps and documents with the provider and a local adviser.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 6 March 2026. Confirm current terms with the provider before applying.