Chile’s Green Tech Wave: How to Tap into Eco-Friendly Incentives

By easyco Updated October 10, 2026

Chile is one of Latin America’s leaders in clean energy, and global green-tech companies are taking notice. From solar and wind in the north to green hydrogen projects in Antofagasta and Magallanes, Chile offers resources, policy support and trade access. Here is how to use them.

Why Chile leads in green tech

1. A renewable energy powerhouse

More than half of Chile’s electricity comes from renewable sources.
The Atacama Desert has some of the highest solar irradiance in the world.
The Framework Law on Climate Change (Law 21,455) commits Chile to carbon neutrality by 2050 at the latest.

2. Incentives

R&D tax credit: 35% of CORFO-certified R&D spending is credited against corporate tax, available until 2035 (Law 20,241).
CORFO programs: grants and co-financing for innovation, including clean-tech and green hydrogen initiatives.
Accelerated depreciation for new fixed assets.

3. Trade access

Chile’s trade agreements cover most of the world’s major economies, including the US, the EU, China and the CPTPP members, which helps companies exporting equipment or services.

How foreign green-tech companies use Chile

As a regional base for South America.
As a test market for renewable solutions in mining, agriculture and logistics.
As a production and export hub.

Setting up the company

Legal entity: most foreign founders use an SpA, which allows a single shareholder. A Ltda. suits partnerships.
Tax ID and representation: the company and its foreign shareholders need a RUT, and the company needs a legal representative who can act in Chile.
Accounting and tax: monthly Form 29, electronic invoicing with the SII and payroll contributions if you hire.

Common pitfalls

Missing SII deadlines: penalties and interest apply.
Registering activity codes that do not match your operations.
Hiring contractors who are employees in practice.

How a company is set up in Chile

Choose the company type. Most foreign founders use the SpA.
If you are abroad, sign a power of attorney, apostilled and translated into Spanish, so a person in Chile can act for you.
Sign the incorporation deed before a notary, or form the company online in the Registro de Empresas y Sociedades.
Register the extract in the Commercial Registry and publish it in the Diario Oficial (both are automatic on the online registry).
Obtain the company’s RUT and file the start of activities (inicio de actividades) with the SII.
Bring in the capital and open a corporate bank account.
Set up electronic invoicing, monthly Form 29 filings and payroll.

Full guide: how to set up a company in Chile.

Get help from Easyco

Easyco coordinates the company setup in Chile up to the issue of the RUT, and supports companies afterwards with tax, accounting and payroll. Contact us to discuss your project.