Chile Country Profile

Passport Ranking
24/198
Passport Score
173.4
Visa-free Countries
146
Show More
Region
North and South America
Capital City
Santiago

Largest City
Santiago
Currency
Chilean peso

Languages
Spanish
Population
19.7 million

Life Expectancy
79.8 years
GDP (nominal)
$310.9 billion

GDP/Capita
$15,797
Cost of Living
Climate
Safety
Pollution
English Proficiency
Inexpensive (3/7)
Comfortable (2/5)
Safe (3/7)
Polluted (4/5)
Low (4/5)

Taxation Type: Residence-based

New residents' worldwide income remains tax-free for the first 3 years of residency. Only Chilean income is taxed. After three years, worldwide taxation starts to apply.

Sovereign Research's take:

Chile is part of the Mercosur, allowing its citizens to obtain residency in any other Mercosur country using a simplified procedure.
Chile boasts the highest GDP per capita in South America (rivaled only by Panama). It is stunningly beautiful, has highly fertile agricultural land, and boasts incredible weather.

It’s Colorado or Montana on steroids, with a mix of amazing desert vistas thrown in.

And traditionally, the country has been very pro-business.

Corruption is low there, so you should never attempt to bribe a policeman or a government official there (or anywhere, for that matter). 

Santiago, the capital, is a very modern city… in fact, it is the most modern city in all of Latin America. The business district of Las Condes in northeast Santiago is quite remarkable.

If you’ve read Sovereign Research for a while, you know that we have many connections to Chile.

One of the Sovereign Research offices used to be in Chile, and some of our teammates are still based there.

At the same time, Chile has not been without its fair share of issues and challenges, especially lately.

The mass protests of 2019 against “income inequality” have led to the election of a far-left government. (We hope the amount of damage the new president will be able to do is going to be limited. At least some of his ministers hail from the center-right.)

And the country’s Covid-related restrictions were some of the harshest in the world.

But Chile can still be an excellent place to check some of your Plan B boxes. 

The Chilean passport is the best travel document on the continent, coming in ahead of both the US and Canada’s travel documents.

And since Chile practices jus soli, or “the right of soil”, it can be an excellent place to have a baby.

Not only will your child become a Chilean citizen automatically, but as their parent, you will also be able to claim permanent residency in the country as a result. In fact, one of the Sovereign Research team members did just that quite recently. (We have written about it in our new book, The Ultimate Plan B Guide.)

And numerous people we know have obtained Chilean passports after living in the country for 5+ years. Caveat – it is not a slam dunk process. The process is quite bureaucratic and takes at least two years to complete – and often longer..

Service Providers available in Chile in Sovereign Research's Rolodex:

  • Immigration (residency, citizenship)
  • Tax advice (attorneys and/or accountants)
  • Asset protection (specialized LLCs, trusts, etc)
  • Corporate services (company formation, etc.)
  • Natal services (for jus soli countries)
  • Private medical insurance broker
Obtain access by signing up for Sovereign Confidential

Chile inside Sovereign Research resources
(opens in a new window)

DateNameProductType
28-Oct-2210/28/22October 2022 SC Q&A Sovereign ConfidentialSMCQ&A
27-Jun-2206/27/22A Roundup of Naturalization Rules & Timelines in the Americas Sovereign ConfidentialSMCBlack Paper
16-Mar-2203/16/22What We Know About the New Chilean Immigration Law So Far Sovereign ConfidentialSMCAlert
28-Feb-2202/28/22February 2022 SMC Q&A Sovereign ConfidentialSMCQ&A
29-Dec-2112/29/21December 2021 SMC Q&A Sovereign ConfidentialSMCQ&A
29-Sep-2109/29/21September 2021 SMC Q&A Sovereign ConfidentialSMCQ&A
15-Jun-2106/15/21Here Are 15 Factors to Consider Before Your International Move Sovereign ConfidentialSMCMonthly Letter
29-May-2105/29/21May 2021 SMC Q&A Sovereign ConfidentialSMCQ&A
29-Apr-2104/29/21April 2021 SMC Q&A Sovereign ConfidentialSMCQ&A
09-Feb-2102/09/21The Sovereign Man Starter Guide Sovereign ConfidentialSMCBlack Paper
05-Jan-2101/05/21Medical tourism destinations in Latin America Sovereign ConfidentialSMCAlert
30-Dec-2012/30/20December 2020 SMC Q&A Sovereign ConfidentialSMCQ&A
30-Nov-2011/30/20November 2020 SMC Q&A Sovereign ConfidentialSMCQ&A
25-Jun-2006/25/20Homesteading: A Plan B for your food Sovereign ConfidentialSMCAlert
29-May-2005/29/20May 2020 SMC Q&A Sovereign ConfidentialSMCQ&A
05-Oct-1810/05/18Best startup programs around the world Sovereign ConfidentialSMCBlack Paper
05-Jul-1807/05/18The Sovereign Man Global Passport Ranking: 2018 Edition Sovereign ConfidentialSMCBlack Paper
13-Apr-1804/13/18Chile announces changes to its immigration law Sovereign ConfidentialSMCAlert
10-Mar-1803/10/18Chile taxation and residency update Sovereign ConfidentialSMCAlert
26-Apr-1704/26/17New program: Chilean Tech visa in only 15 days Sovereign ConfidentialSMCAlert
06-Apr-1704/06/17Sovereign Man Country Rankings: The Right Country for YOU, with Simon's insights Sovereign ConfidentialSMCBlack Paper
05-Nov-1611/05/16Chilean residency update AND a step-by-step guide to applying for a Chilean passport Sovereign ConfidentialSMCAlert
14-Oct-1610/14/16These countries could give you a second residency or passport in 2016 Sovereign ConfidentialSMCMonthly Letter
08-Aug-1608/08/16Living in Chile: From opening a bank account to finding a decent doctor Sovereign ConfidentialSMCCase Study
06-May-1605/06/16Case Study: Moving to Chile with a family of four with school-aged children Sovereign ConfidentialSMCCase Study
26-Feb-1602/26/16Meet FATCA’s even nastier cousin: CRS Sovereign ConfidentialSMCAlert
16-Apr-1504/16/15Why Chile, Colombia and Panama are great options for residency and for doing business Sovereign ConfidentialSMCMonthly Letter
03-Mar-1503/03/15SMC Comprehensive Residency Update: 2015 Edition Sovereign ConfidentialSMCAlert
25-Jan-1501/25/15Worldwide Banking Review: 2015 Edition Sovereign ConfidentialSMCAlert
22-Nov-1411/22/14How to obtain a Chilean Passport Sovereign ConfidentialSMCAlert
22-Sep-1309/22/13Have your child in Chile and set them up with an automatic second passport Sovereign ConfidentialSMCAlert
15-Jan-1301/15/13Solutions to Agricultural Challenges Sovereign ConfidentialSMCAlert

Articles featuring Chile

Lifestyle Design

There’s a MAJOR benefit in Chile that doesn’t exist anywhere else in the world.

May 12, 2015 Santiago, Chile A few days ago I was having lunch with some executives who run one of the largest fruit companies in the world. The company is Chilean, and as the guys are all local, they were curious about my take on Chile as a foreigner. I told them that Chile is […]

Entrepreneurship

How a 17-year old made a fortune in Chile

January 15, 2014 Santiago, Chile In 1892, 17 year old Pascual Baburizza stepped off the boat in what looked like an unwelcoming, arid landscape in the north of Chile. Baburizza had just spent several weeks on a boat travelling from his home island of Koločep, Croatia, which was then part of the dying Austro-Hungarian empire. […]

Alerts

An interesting loophole for Chilean residency

I’ve been in Chile now again for the past few weeks, and I’m really glad to be back. There’s lots of exciting stuff going on here, but today I want to tell you about a new way of obtaining residency in Chile that I’ve recently discovered. This is hot off the presses as I’ve just […]

Trends & News

How two people from New York started over in Chile

Yesterday on the drive back to Santiago from one of our blueberry farms, I stopped to visit some friends who lived in the area. About a year ago they bought some land in Chile’s incredibly fertile 7th region, which boasts a rare Mediterranean climate. It never gets too hot, and it never gets too cold. […]

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