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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No miminum investment required
Possibility to apply for a Definitive Permanence
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:
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: Financial requirements 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.
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.