In recent years, Chile has emerged as a haven for expats looking to relocate to a welcoming environment. It provides one of the cheapest, most accessible, and easiest to maintain residencies in the world.
For those who spend time skipping around South America, a Chilean permanent residency and eventually a passport can increase freedom of movement in the Americas and enjoy lower taxes. It allows one to travel to the USA, Canada, European Union, Russia, and many other countries visa-free.
Investors and entrepreneurs from all over the world can invest in this Spanish-speaking country and reap decent rewards.
How to apply
Chile offers several options for you to have residence in the country. Today we will tell you which is the easiest and cheapest one. This is known by several names such as retirement visa, digital nomad visa and self sufficient visa.
Retirement visa
This retirement is quite easy to apply for as long as you have a clean criminal record and a retirement passive income. For this program you don't have to travel to Chile in orden to apply but in orden to collect the residency yes. In addition to this the wait period is 3-4 months to get approval. Also to maintain this residency you only need to be in Chile 2 weeks every 2 years and keep all the requirements.
Also if you are not of retirement age and you are not making passive income you can also apply. but there are a couples of rules:
1. You should have a passive income of usd 2000 to usd 3ooo for the last 12 months this can be from a property or other financial assets, but if you don't have any passive income you can pay yourself out from a company and take it as dividends of 30.000 in one lump sum or you can pay yourself a salary every single month for 12 months.
2. Having a clean criminal record and a police certificate from the county of citizenship.
What benefits are there for me?
This program offers several benefits for the entrepreneurs, let see what we deal with in more depth.
There is no need to be in the country to maintain this residency, only 2 weeks every 2 to 4 years.
If you are not of retirement age and you are not making passive income you can also apply.
Compare to other countries such us the USA or Great britain were the fees to obtain residency is very high in chile you can obtain it with a much lower price
It allows one to travel to the USA, Canada, European Union, Russia, and many other countries visa-free. The Chilean passport is the 16th most powerful passport in the world
Fast processing time: you would have this residency in only 3-4 months.
They have a stable economy with lots of opportunities, especially in mining, food production, and aquaculture
A pro-business country. It’s the easiest and cheapest place to start a business in Latin America — you can do everything online for a mere $600
So, if you are interested in finding out more about residency by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.