Chile and New Zealand: Competitive residency by investment programs an ocean apart
Did you know that there are opportunities for residency on either side of the Pacific Ocean? In this video we will explain two different...
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Chile
Overview
Chile is the southernmost country in the world, the closest to Antarctica, and borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south. Chile also controls the Pacific islands of Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island in Oceania. It also claims about 1,250,000 square kilometers (480,000 sq mi) of Antarctica under the Chilean Antarctic Territory. The country's capital and largest city is Santiago, and its national language is Spanish.
A Temporary Resident Visa is required for all foreign nationals travelling to Chile with the purpose of residence based on family ties with Chilean nationals, investment in Chile or whose residence is considered useful or advantageous for the country.
This kind of visa allows the holder to work, study and/or do businesses, for a maximum length of one year. The parents, spouse or children of the person applying for a Temporary Resident may apply for a Dependent Temporary Resident Visa, which does not allow them to work. The relationship with the main applicant must be supported with the original marriage or birth certificates.
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Duration: 1 year
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Access to one of the biggest maritime market in the world
Possibility to apply for Citizenship after 5 years of residency
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Investment options:
TEMPORARY RESIDENCE VISA
What does it consist of ?
The Temporary Residence Visa in Chile is a visa for foreigners who travel with the purpose of settling in Chile due to family ties, interest in the country, or whose residence is useful or advantageous for Chile. It allows individuals to work, study, and/or engage in commercial activities for a maximum period of one year. It is an opportunity for those who wish to experience life in Chile and take advantage of the country's employment, educational, and business opportunities.
REQUIREMENTS
- Passport valid for at least 12 months. - Passport size photograph, in color, with white background. - Letter addressed to the Consul, indicating the reasons for settling down. - Certificate of Criminal Record issued by the DCPJ, legalized by the Ministry of Foreign Affairs and Worship of Chile. - Medical Certificate indicating that he/she does not suffer from infectious-contagious diseases, legalized by the Ministry of Health and Population, and the Ministry of Foreign Affairs. - Certificate of Kinship in the case of a relative, legalized before the Civil Court Parquet, Ministry of Justice and Ministry of Foreign Affairs. - Bank attestation.
When the foreigner is an investor, he/she must also include:
- IU43Z4FF7Jnvestment project of half a million dollars. - Capital related to the investment. - Proof of the origin of the capital to be invested. - Proof of the veracity of the investment with the initiation of activities in Chile. - The activity to be carried out must be profitable. - To indicate the labor force and remuneration to be paid to the workers. - If you are an investor or trader: - Certificate of commencement of activities (*). - Last 8 payments of V.A.T.
Steps to follow
Step 1 - Preliminary Check:
Our specialized team will review the documentation submitted to verify that the immigration requirements are met. In addition, we will verify the transparency of investment funds. As a result, we will have a background check report and signed contract.
Step 2 - Choose of Investment:
You must select the investment option that most convinces and suits you, so that later we can start the process. If you decide to obtain residency through real estate investment, we will help you choose your property based on your needs and desires.
Step 3 - Preparation of documents and sending to the corresponding agency:
We take care of everything: we obtain the criminal record certificates, we fill out and complete the government forms, we certify the documents before a notary, we do the translation and apostille everything (this service has a separate cost), and then we send it to the residence. We present your documents independently and with strict compliance with the requirements, as well as monitoring the progress of the application. As a result, we will confirm the receipt of the documents by the government.
Step 4 - Due Diligence check:
Once the residency agency receives all the documents, the applicant's background check begins. In the event that additional documents are required during verification, we will handle those requests.
Step 5 - Case Investigation:
We look forward to a positive resolution and receive the new documents together with you. If necessary, we can also help you with other operational, commercial and even domestic matters (including the arrangements of additional documents).
Step 6 - Receiving residency:
When the investment and all fees are paid, you receive the certificate of residence. Then, these documents are sent to you, so that after the wait, you can start enjoying them.
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FAQ
Does this residency allow me to obtain citizenship?
Yes, you would have the possibility to apply for Citizenship after 5 years of residency.
For how long will I have the residence?
The residence permit is for 1 year.
What documents are required?
• A completed application form with a photograph. • A copy of your passport. • Documents that prove your income is legal. For example a employment contract. • Certificates of no criminal records. • Health insurance policy. • Payment documents confirming the payment of state duties and fees. • Documents confirming the fulfillment of the investment conditions stipulated in the application.
Is Chile Safe?
Chile is one of the safest, most politically stable countries in South America, with a well-established middle-class, good medical facilities and a well-developed infrastructure.
Is dual citizenship accepted in Chile?
Yes, Chile allows dual nationality without restriction.
With what currency must the residency programs be paid?
This residency program should be paid in pesos.
How strong is the Chile visa?
The Chilean passport currently ranks 19th place according to the Guide Passport Ranking Index. It provides visa-free access to 172 countries.
Can I bring my family in this experience?
Yes. If it is requested as a dependent (spouse, parents, children), you may reside in Chile during the validity of the program.
Can the residence be purchased with an investment in Real Estate?
Unfortunately you can't access to residency by an investment in real estate.
In what cases can my application be rejected?
Most of the applications are authorized, however there are some reasons why you may have difficulty with this residency. Such us: • Having criminal records. • Lack of documentation. • Do not meet the minimum time in the country.
The main applicant must go to Chile?
The whole process can be arranged without being present in the country.
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