| Population |
16,888,760 (July 2011 est.) |
| Gross Domestic Product (GDP) |
$257.9 billion (2010 est.) |
| GDP Per Capita |
$15,400 (2010 est.) |
| Inflation Rate |
1.4% (2010 est.) |
| Currency |
Chilean pesos |
| Exchange Rate Versus U.S. Dollar |
525.34 (2010) Chilean pesos (CLP) per US dollar |
| Language |
Spanish (official), Mapudungun, German, English |
| Capital |
Santiago |
| Population of Capital City |
7.2 Million |
| Time Zone |
UTC/GMT -6 hours |
| Seasons |
There are four seasons in most of the country: summer (December to February), autumn (March to May), winter (June to August), and spring (September to November). |
| International Dialing Code |
56 |
| Electricity |
Standard is 220 volts/50Hz |
| System of Government |
republic |
| Name and Party Affiliation of Current Leader |
President Sebastian PINERA Echenique (since 11 March 2010); note - the president is both the chief of state and head of government |
| Income Tax Rate for Residents |
Residents are taxed on their worldwide income, while nonresidents are taxed only on Chilean-source income. Foreigners are taxed on Chilean -source income only during first 3 years in Chile (although a 3-year extension is permitted). Thereafter, they are subject to taxation on a worldwide basis. |
| Property Tax |
1-1.4% |
| Capital Gains Tax |
Are generally taxed as ordinary income |
| Inheritance Tax |
is levied on the net value of assets transferred at death. |
| Real Property Tax |
1.4% for urban property, 1% on rural property |
| Transfer Tax |
No |
| Sales Tax |
19% |
| Restrictions on Foreign Ownership of Property |
No |
| Local Chamber of Commerce |
http://www.ccs.cl/ |
| American Chamber of Commerce |
http://www.amchamchile.cl/ |
| Primary Exports |
copper, fruit, fish products, paper and pulp, wine and chemicals |
| Residency and Visa Requirements |
The primary requirement to qualify for the retirement and periodic income visa in Chile is not so much the amount of money that you have, but the periodic nature of it. There is no minimal investment required in Chile to apply for residency. |
| Special Benefits for Foreign Residents or Retirees |
Foreigners are taxes on chileand source income, only during the first 3 years in Chile(a 3 year extension is permitted). |
| National Airline |
www.lan.com |
