Any serious financial service will ask you for paperwork before moving a single peso. It isn’t invented bureaucracy: Law N°19.913 requires knowing the client, verifying who really owns the company and declaring the source of funds. The one who asks you for nothing is the one you should worry about.
The good news: it’s a single folder and you can put it together in an afternoon. Here’s the list.
If you operate as a company
- Company e-RUT — the company extract or the SII certificate of start of activities.
- Incorporation deed and bylaws — the notarized deed and its amendments from the last 10 years.
- Certificate of good standing — issued by the Registro de Empresas y Sociedades (Chile’s companies registry), up to date.
- Legal representative’s ID card — valid and legible, front and back in separate files.
- Proof of signing authority — the document showing they can sign on behalf of the company.
- ID card of each beneficial owner — people holding 10% or more of the capital. Identifying them isn’t optional: it’s a direct requirement of UAF regulation.
If you operate in your own name
- National ID card, valid and legible — front and back in separate files. If you use a passport, the data page.
- Proof of address — an electricity, water or gas bill, or a bank statement from the last 3 months.
What you’ll also declare
Four sworn declarations, and it’s worth knowing what they say before you reach the “I accept” checkbox:
- Source of funds — that the money comes from your business and is declared to the SII.
- Non-PEP — that neither you nor the company’s owners hold prominent public office (and that you’ll tell us if that changes).
- Truthfulness — that everything you submitted is accurate and you’ll keep the information current.
- Data processing — that you authorize the use of your data to operate and to respond to the supervisory bodies.
Three tips to get it right first time
- Legible PDFs, not WhatsApp photos. Half of all document rejections are files that can’t be read.
- Keep the certificate current. A certificate from a year ago says who you were, not who you are.
- Partners’ ID cards can go in a single PDF. Gather everything before you start instead of interrupting the process to hunt for paperwork.
Verification is done once. This page has the full step-by-step of how we do it at SendFlow.
Sources: Law N°19.913, Library of the National Congress of Chile (leychile.cl); Unidad de Análisis Financiero — due diligence and PEP regulation.