Chile ~ Retirement/Income Based Residence Visa (Jubilado/Rentista)
Time to Permanent Residency: 1 Year ~ Time to Citizenship: 5 Years
Foreign-nationals who have a regular source of passive income or pension may obtain a temporary residence visa.
There are no official, specific income level requirements. Usually a monthly regular income or pension of US$1,000-1,500 would be enough for a single applicant. Additional amounts may be required for dependents (spouse, children and parents).
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 meet the income requirement, 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.
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 to obtain 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
For pensioners:
– 1 photocopy of the last 3 monthly payments of retirement income or pension, duly legalized, or
– 1 photocopy Certificate from the Consul of the country of origin certifying the pension or retirement income in national currency (Chilean Peso, CLP) or equivalent in US dollars, legalized before a notary.
For persons of independent means:
– Proof of regular passive income, through the presentation of lease contracts held in Chile or abroad, or other similar documents that indicate the periodical obtaining of economic resources. Whatever the document, you must present a photocopy notarized before a notary.
Documents Required
Certified copy of passport- Tourism card
- One passport-size photo
- Proof of pension
- Proof of income
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Affidavit of support for Dependents
