Chile ~ Investor/Entrepreneur/Trader Visa
Time to Permanent Residency: 1 Year ~ Time to Citizenship: 5 Years
Foreign-nationals who have invested or intend to invest in Chile, as well as entrepreneurs conducting business or intending to set up a business in the country, may obtain a temporary residence visa.
There are no officially specific investment or business requirements. Usually this visa is obtained by investing in Chilean stocks or setting up a company with substantial economic activity in the country. Dependents such as spouse, children and parents may be included.
The temporary residence visa will allow you to live one year within the country and apply for a work permit.
After one year you may apply for a permanent residency permit, provided that you still keep the investment or business, you have spent at least 185 days within the country in a year and you have paid taxes. When applying for a permanent visa you must attach to your application a letter stating why you want to become a Chilean permanent resident and your ties with the country.
The permanent residence permit has a validity of 5 years, renewable. After 5 years of residency (including temporary visa), you may be eligible for citizenship. The process of obtaining citizenship takes about 2 years. You will be required to attend an interview, have a good level of Spanish skills and knowledge of Chilean culture, traditions, values and history.
Requirements
If you intend to invest or set up a business:
– Business plan or Investment plan.
– If the capital has been transferred to Chile, prove through bank or customs documentation or any document which demonstrates that you have capital in Chile which will allow you to make the declared investment and that you possess means to support yourself and your dependents in the country.
– If the capital has not been transferred to Chile, prove, by means of any suitable document in your name, that you have capital abroad that will allow you to make the declared investment and that you possess means to support yourself and your dependents in the country.
If you have already invested or started a business:
– Demonstrate transfer of capital to the country, corresponding to the money contributed to the company by the person applying for residence.
– If the capital has been transferred to Chile, prove through bank or customs documentation, or any document that demonstrates you have capital in Chile, which will allow you to make the declared investment and that you possess means to support yourself and your dependents in the country.
– If the capital has not been transferred to Chile, prove by means of any suitable document in your name that you have capital abroad that will allow you to make the declared investment and that you possess means to support yourself and your dependents in the country.
– Deed of the constitution of the society and later modifications.
– Initiation of activities of the Internal Revenue Service (S.I.I.) and declaration of the modifications of the company in this organization.
– Proof of payment of municipal taxes.
– Contract of lease, sale or deeds of property, which support the development of the project.
– Invoices of purchases and / or sales.
– Last Balance Sheet or Pre-Balance by the Counter.
– Last Statement of Income Tax (if applicable).
– Payment of VAT for the last three months.
– Payroll of contracted workers, with their respective historical certificates of social security payments.
– To accredit the authorization of the competent authorities to carry out the economic activity in the determined zone.
Documents Required
Certified copy of passport- One passport-size photo
- Proof of income
- Documents certifying Business Investment
- Proof of net wealth
- Certified copy of Business License or Incorporation documents (if applicable)
- Real estate sales and purchase agreement
- Financial Statement
- Proof of V.A.T. payment (if applicable)
- Employee payroll (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Affidavit of support for Dependents
- Tourism card
