A large variety of protective coating is being used in industrial applications to improve the resistance of the metallic substrates against corrosion. The pack-cementation method for boronizing and borochromizing is effective to produce extremely hard and corrosion resistant thick coatings and, additionally, is a low-cost and simple technique. In the present study, AISI 4140 steel specimens underwent boronizing and afterwards chromizing by the pack-cementation method using B4C as boron source and Fe-Cr as chromium source, respectively. In both treatments the appropriate activators were used. After chromizing the boronized substrate, a mixed boride phase FeCrB was formed, as it was confirmed by X-ray Diffractometry (XRD). The boronized and the borochromized specimens were subjected to Electrochemical Impedance Spectroscopy (EIS). From the analysis of the frequency response of the coating systems (Bode and Nyquist display), the conclusion that the borochromized specimens were significantly more corrosion resistant was extracted. Finally, data of optical and electron microscopy contribute to the validity of the conclusions.