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Chile Relocation and Retirement Articles


All the benefits of living in Chile or moving to Chile for expats is obviously far outside the scope of a single article. You will need to do your research for the details, and we will provide some suggested reading for retirees and expats thinking of moving to Chile on the internet at the end of the article. We will however give just a brief list of things for you should look in to when comparing countries to retire to in Latin America, for you to see how Chile stacks up.

Top benefits for people wishing to retire in Chile or move to Chile:

Stability, Safety, and corruption in Chile
The first is a catch-all category of stability and safety. Chile has one of the most stable and fast growing economies in Latin America. The recent entrance of Chile as only the second member in Latin America and the first member in South America to the OECD shows how Chile's future is only up. Chile has one of the most corruption free and stable governments in the World, often outranking many “First World” countries of Europe in almost every measure of economic stability, corruption, and public safty. Chile is one of the only advanced developing countries to do this, and part of the key is a relatively Moving to Chile

Moving to Chile has distinct advantages over many other countries in South America and Latin America. Chile is not just another Latin American developing country, and stands out for foreigners and expats wishing to retire from such places such as Panama, Mexico, or Costa Rica. We would like to provide a quick list of the benefits of those thinking of retiring in Chile or relocating to Chile. This will focus on retiring in Chile but should apply to any expatriates in Chile.  


All the benefits of living in Chile or moving to Chile for expats is obviously far outside the scope of a single article. You will need to do your research for the details, and we will provide some suggested reading for retirees and expats thinking of moving to Chile on the internet at the end of the article. We will however give just a brief list of things for you should look in to when comparing countries to retire to in Latin America, for you to see how Chile stacks up.

Top benefits for people wishing to retire in Chile or move to Chile:

Stability, Safety, and corruption in Chile
The first is a catch-all category of stability and safety. Chile has one of the most stable and fast growing economies in Latin America. The recent entrance of Chile as only the second member in Latin America and the first member in South America to the OECD shows how Chile's future is only up. Chile has one of the most corruption free and stable governments in the World, often outranking many “First World” countries of Europe in almost every measure of economic stability, corruption, and public safty. Chile is one of the only advanced developing countries to do this, and part of the key is a relatively small population with massive natural resources. Chile does not suffer from the poverty and over population that will permanently hobble the development of many other Latin American countries.

Residency Requirements in Chile
Chile has some of the most liberal and targeted residency requirements geared directly at retirees. The only real core requirement for the “retirement and income visa” is to prove a steady source of recurring income. This is not just for retirees, but anyone that can prove a regular recurring income from some source to support themselves during the application process.

Dual Citizenship in Chile
Even more, Chile now allows for Dual Citizenship for permanent residents in Chile for at least 5 years. This opens up an whole host of new benefits of living in Chile, including the right to vote in Chile and to request a second passport in Chile. This allows you to maintain your existing citizenship, passport, and benefits of your home country, while also enjoying the benefits of being a full Chilean citizen.

Income Tax Free foreign Pensions in Chile for expats living in Chile
Foreign retirement benefits, pensions, and social security payments are income tax free in Chile forever.    Other sources of income from outside Chile, are free of income tax for the first three years.

Lowest income tax in the OECD countries
When it does come time to pay income tax in Chile, Chile has the lowest income and other tax rates of all the OECD members around the World. Additionally, Chile has just inked a double taxation agreement with the United States and has many existing income tax treaties with other countries. This makes Chile a legitimate tax haven, often endorsed by their own government, for nationals of many countries without the shady reputation that such places like Panama or the Cayman Islands have as money laundering paradises. It is possible to have low taxes, and still stop money laundering and tax evaders. Chile is proof of this.

Chile has a Modern and affordable health care system
Health Care. For the retiree thinking of moving to Chile, concerns about health care need to be taken in to consideration, especially for retirees from the United States where health care cost are going up and quality is quickly going down.

Chile has one of the most advanced and modern health care systems in the Americas. Hospitals are modern, and doctors in Chile well trained and regulated with the most modern equipment and techniques. Training for Chilean doctors commonly involves studying medicine in the United States or Europe. All this, while keeping cost down to reasonable and affordable levels. For example, a common bypass surgery that would cost hundreds of thousands of dollars in the United States, can cost under $10,000 US in Chile (including private hospital rooms). That is if you do not have health insurance and pay directly. It is really surprising that Chile has yet to be discovered as a medical tourism destination, while people risk their lives in truly developing countries like India and Cuba.  

Health Insurance for foreigners in Chile
Private health insurance is easily obtained in Chile. Companies are well regulated and government mandates that they must accept certain preexisting conditions, while keeping overall cost down by creating a collective pool of catastrophic insurance coverage for all health care insurance policies.   

Public Health care insurance for retired
There is also a program in Chile to allow foreign retirees in Chile to buy in to the Chilean public health care system based on a fixed percentage of their foreign pension or social security capped at around 7% of their income. This insures that all those living in Chile or moving to Chile have affordable access to health care insurance.

This is just a few of the benefits of living in Chile for expats in Chile and foreign retirees. We have focused heavily on the retiree planning on moving to Chile in this article; however, for any expat in Chile or foreigners moving to Chile these are benefits that everyone can appreciate as we will all need them eventually. small population with massive natural resources. Chile does not suffer from the poverty and over population that will permanently hobble the development of many other Latin American countries.

Residency Requirements in Chile
Chile has some of the most liberal and targeted residency requirements geared directly at retirees. The only real core requirement for the “retirement and income visa” is to prove a steady source of recurring income. This is not just for retirees, but anyone that can prove a regular recurring income from some source to support themselves during the application process.

Dual Citizenship in Chile
Even more, Chile now allows for Dual Citizenship for permanent residents in Chile for at least 5 years. This opens up an whole host of new benefits of living in Chile, including the right to vote in Chile and to request a second passport in Chile. This allows you to maintain your existing citizenship, passport, and benefits of your home country, while also enjoying the benefits of being a full Chilean citizen.

Income Tax Free Foreign Pensions in Chile for expats retiring in Chile
Foreign retirement benefits, pensions, and social security payments are income tax free in Chile forever.    Other sources of income from outside Chile, are free of income tax for the first three years.

Lowest income tax in the OECD countries
When it does come time to pay income tax in Chile, Chile has the lowest income and other tax rates of all the OECD members around the World. Additionally, Chile has just inked a double taxation agreement with the United States and has many existing income tax treaties with other countries. This makes Chile a legitimate tax haven, often endorsed by their own government, for nationals of many countries without the shady reputation that such places like Panama or the Cayman Islands have as money laundering paradises. It is possible to have low taxes, and still stop money laundering and tax evaders. Chile is proof of this.

Chile has a Modern and affordable health care system
Health Care. For the retiree thinking of moving to Chile, concerns about health care need to be taken in to consideration, especially for retirees from the United States where health care cost are going up and quality is quickly going down.

Chile has one of the most advanced and modern health care systems in the Americas. Hospitals are modern, and doctors in Chile well trained and regulated with the most modern equipment and techniques. Training for Chilean doctors commonly involves studying medicine in the United States or Europe. All this, while keeping cost down to reasonable and affordable levels. For example, a common bypass surgery that would cost hundreds of thousands of dollars in the United States, can cost under $10,000 US in Chile (including private hospital rooms). That is if you do not have health insurance and pay directly. It is really surprising that Chile has yet to be discovered as a medical tourism destination, while people risk their lives in truly developing countries like India and Cuba.  

Health Insurance for foreigners in Chile
Private health insurance is easily obtained in Chile. Companies are well regulated and government mandates that they must accept certain preexisting conditions, while keeping overall cost down by creating a collective pool of catastrophic insurance coverage for all health care insurance policies.   

Public Health care insurance for retired
There is also a program in Chile to allow foreign retirees in Chile to buy in to the Chilean public health care system based on a fixed percentage of their foreign pension or social security capped at around 7% of their income. This insures that all those living in Chile or moving to Chile have affordable access to health care insurance.

This is just a few of the benefits of living in Chile for expats in Chile and foreign retirees. We have focused heavily on the retiree planning on moving to Chile in this article; however, for any expat in Chile or foreigners moving to Chile these are benefits that everyone can appreciate as we will all need them eventually.

Suggested Reading on the Internet about Chile on the Chile Network Sites:
www.allchile.net/chilewiki
www.spencerglobal.com
If all else fails, join our Chile Expat Forum at:
www.allchile.net/chileforum