Glossary · Chile
SpA (Sociedad por Acciones)
Definition
The standard Chilean startup vehicle — a flexible corporate form whose statutes can embed transfer restrictions, preference rights, and drag/tag provisions, and which accommodates foreign holding structures cleanly.
Why it matters for a secondary
Its statutes, read alongside any shareholders' agreement, are where a Chilean secondary's actual terms live — not in a regulatory filing.
Frequently asked questions
Does this term apply the same way everywhere in Latin America?
No. Each country in this glossary has its own regulator, corporate forms, and tax rules — this term is specific to the country tagged above. Check the linked country page for the fuller picture.
Is this legal or tax advice?
No. This is orientation for investors and allocators, not legal or tax advice. Confirm current rules with a licensed adviser in the relevant country before acting on anything here.