Legal Framework for Venture Capital and Startups in Chile
Specialized Investment and Financing Services
Legal Framework for Venture Capital and Startups in Chile
Specialized analysis of the venture capital ecosystem under the Chilean regulatory framework. Integration of local regulations with recognized international standards for efficient structuring of venture capital operations.
Specialized Venture Capital Services
Comprehensive coverage of the investment cycle from initial structuring to exit strategies, with a focus on regulatory compliance.
Comprehensive Approach to Venture Capital: Regulatory Framework and Practice
Structuring venture capital operations requires the integration of multiple legal disciplines: corporate, tax, regulatory, and contractual. This multidisciplinary approach is based on standards recognized by institutions such as NVCA, LAVCA, and ILPA, adapted to the Chilean regulatory context.
Corporate Structuring for Startups
Analysis and design of corporate structures that facilitate capital entry, optimize tax burden, and maintain founder control.
- Formation of SpA and holding structures
- Flip to Delaware and other jurisdictions
- Founder agreements and vesting
- Intellectual property protection
Investment Instruments
Structuring investment rounds through instruments adapted to the Chilean context and international venture capital standards.
- SAFEs and convertible notes
- Term sheets and negotiation
- Due diligence and data rooms
- Closing and post-closing
Stock Option Plans (ESOP)
Implementation of equity incentive plans in compliance with Chilean labor and tax regulations.
- ESOP plan structuring
- Vesting and acceleration (4 years, 1 cliff)
- Tax optimization
- Documentation and administration
Private Investment Funds
Formation and operation of private investment funds (FIP) under the Unified Fund Law and applicable CMF regulations.
- Private Investment Funds (FIP)
- Sustainable and ESG funds
- Carried interest structures
- Regulations and policies
Exit Strategies and Liquidity
Planning and execution of exit strategies to maximize returns and meet liquidity objectives.
- Strategic and secondary sales
- Drag-along and tag-along mechanisms
- Earnout and holdback structures
- Preferred liquidation processes
VC Corporate Governance
Implementation of governance structures that balance control, protection, and operational agility.
- Boards and committees
- Veto rights and quorums
- Information and reporting
- Conflict resolution
Investment Process: Structured Methodology
Each stage of the process requires specialized attention to protect interests and maximize growth opportunities within the Chilean regulatory context.
Pre-investment and Structuring
Analysis of current structure, corporate optimization, and preparation to receive investment with focus on scalability.
Negotiation and Term Sheet
Balance between founder protection and investor attractiveness, optimizing valuation and control.
Due Diligence and Documentation
Efficient management of the review process and preparation of definitive investment documents.
Closing and Post-closing
Coordinated execution of closing and compliance with post-closing conditions for fund access.
Growth and Subsequent Rounds
Continuous support in company evolution and preparation for future investments.
Sectoral and Regulatory Expertise
Our knowledge spans the most dynamic sectors of the Chilean and Latin American startup ecosystem, with focus on the regulatory particularities of each industry.
Fintech and Financial Technology
Structuring under Law 21.521, CMF registration, and regulatory compliance for digital financial services platforms.
AI and Deep Tech
Intellectual property protection, technology licensing, and structuring of technological joint ventures.
Healthtech and Biotech
Healthcare regulatory compliance, medical data protection, and clinical trial structuring.
E-commerce and Marketplaces
Terms of service, consumer protection, logistics, and tax compliance in digital commerce.
Edtech and HR Tech
Educational regulation, personal data protection, and structuring of B2B/B2C platforms.
Agtech and Sustainability
Impact funds, ESG certifications, and structuring of green technology investments.
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