Why Invest?

A government that understands businessmen and women are the backbone of a vibrant economy. The beauty of Chile is that the government listens when business talks and tries to fix problems that slow business.

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Market Report

Chile has been the fastest growing economy in the Western Hemisphere for the last six years. We forecast that the property market of Chile will grow in the coming years.

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Economic Overview

Chile is widely seen as one of the most stable emerging market economies and has a record of high growth. Spurred on by an early commitment to market-oriented reform and international openness, Chile was the first Latin American country to privatise state enterprises, reduce tariffs, liberalise investment and open its doors to foreign capital.

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Visa/Residency Issues

To get a temporary residence visa, you must provide proof of financial security. This visa is good for a maximum of one year, renewable in Chile and allows you to work.

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Getting to Chile

LAN Chile and many other international airlines serve Santiago at Comodoro Arturo Merino Benz Airport, sixteen miles north-west of the city centre. Domestic flights on LAN, Ladeco Nacional and Aerochile use Los Cerrilos airport.

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Fees & Taxes

• Chile imposes a VAT of 18 percent on most goods and services.
• Real estate taxes are payable in four instalments: April, June, September, and November.
• Personal Income Tax in Chile is 45% since 1996.
• Vehicle license tax is fixed at 0.1%

Chile

Basic Information

Chile Overview

Chile is a country of startling contrasts and extreme beauty, with attractions ranging from the towering volcanic peaks of the Andes to the ancient forests of the Lake District. There are a multitude of very good parks here, and plenty of opportunities for fine adventure travel. Chile is justly famous as the location of Torres del Paine, considered by many to be the finest nature travel destinations in all of South America.

Average Property Prices

Buying Process

• What you must have to own a property in Chile
  1. The formalized contract. (escritura pública otorgada ante Notario)
  2. A copy of the formalized contract must be taken to the Registry for ownership inscription.
  3. A copy of that contract with a stamp from the Office of the Registry with the Number assigned on the Index Book (Repertorio), year of the Property Archive (Año del Registro de Propiedad), and number of that inscription in the year Archive. At this point you own the property.
• Before signing the contract you must have
  1. The Title Report for the property (Estudio de Títulos). Make sure you have a good title, there are many problems and pitfalls with inscriptions, legal requirements, and eminent domain laws and regulations.
  2. If you have a tourist visa, work visa, or you are a foreign investor, and you do not have temporary or permanent residency in Chile, you must apply at the National Tax Office (Servicio de Impuestos Internos SII) for a RUT (Rol Único Tributario).