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Revista de derecho (Valparaíso)

versión On-line ISSN 0718-6851


ALCALDE SILVA, Jaime. Legislative History of Foreign Companies' Agencies. Revista de Derecho de la Pontificia Universidad Católica de Valparaíso [online]. 2014, n.42, pp.599-634. ISSN 0718-6851.

This work addresses the legal reception of the agency as a manner in whicha foreign company operates in Chile. Its establishment was directly related to the administrative authorization that was planned for the operation of Chilean public limited companies so as to keep symmetry with those foreign companies that wished to carry out their line of business in the country. As the 20th century went by, the increasing internationalization of insurance trade boosted a change in the agency. Law No. 18.046 set more demanding conditions. The concept first extended to cooperatives, then to insurance companies and finally to any for-profit legal company or person. Only the representatives of foreign corporations and foundations are not included. The current trend is the automatic formalization of the agency, without greater control from public authorities.

Palabras clave : Agency; Permanent establishment; Foreign company; Branch.

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