Do you work remotely and want to live in a beautiful country with a low cost of living and friendly people? If so, the rentista visa might be the perfect option for you.
If you are looking to relocate to South America the Chilean and Argentine rentist visas are the best options for you. These visas allow foreigners to reside in the country as long as they can demonstrate a steady income source. However, there are some key differences between the two visas that you should be aware of before making your decision.
Income Requirements
One of the main differences between the Chilean and Argentine rentista visas is the income requirement. To obtain a rentista visa in Chile, you must demonstrate a monthly income of at least $2,000 USD for the duration of your stay. In contrast, the income requirement for the Argentine rentista visa is much lower, at $500 USD per month.
This difference may be significant for those who do not have a substantial income source. If you have a limited income, the Argentine rentista visa may be the more attractive option.
Processing Time
Another important factor to consider is the processing time for each visa. In general, the rentista visa application process in Argentina is faster than in Chile. The Argentine government typically processes applications within 2 to 3 months, while the Chilean government can take up to 4 months to process a rentista visa application.
This can be an important consideration if you are in a hurry to obtain your visa. If time is of the essence, the Argentina rentista visa may be the better choice.
Cost
The cost of the rentista visa also varies between Chile and Argentina. In Chile, the visa fee is $100 USD, while in Argentina it is $600 USD. Additionally, in Argentina, citizens of certain countries, including the United States, Canada, and Australia, are required to pay a reciprocity fee. The reciprocity fee can range from $50 USD to $160 USD, depending on your country of origin.
Renewal
Finally, it's important to note that the renewal process for the Chilean and Argentine rentista visas differs. In Chile, you can renew your visa for up to five years, as long as you continue to meet the income requirements. In Argentina, the rentista visa is valid for one year and must be renewed annually.
This difference in the renewal process may be significant for those looking for a longer-term visa. If you want a visa that requires less frequent renewal, the Chilean rentista visa may be the better choice.
In summary, both the Chilean and Argentine rentista visas offer a viable option for foreigners looking to relocate to South America. However, the income requirement, processing time, cost, and renewal process differ between the two visas. By considering these factors, you can make an informed decision on which visa is the best fit for your needs.
So, if you are interested in finding out more about residencies programs and its opportunities, 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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