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Chile is an interesting country with a diverse landscape and culture.
In fact, Chile is the longest country in the world, extending a staggering 38 degrees of latitude! Chile’s Atacama Desert is the driest desert in the world.
Here is a compilation of Chile’s facts and figures…
|Information Type||Chile Data|
|Population||19,116,201 (June 2020 est.)|
|Gross Domestic Product (GDP)||US$306 billion (2020 est.)|
|GDP Per Capita||US$16,500 (2020 est.)|
|Inflation Rate||3.37% (2020 est.)|
|Currency||Chilean pesos (CLP)|
|Exchange Rate Versus U.S. Dollar||817.30 Chilean pesos per U.S. dollar (June, 2020)|
|Language||Spanish (official), Mapudungun, English|
|Population of Capital City||6.767 million (2020 est.)|
|Time Zone||GMT – 4 (1 hour ahead of Washington D.C. during Standard Time)|
Daylight saving time: + 1 hour (new pilot program that begins on the second Sunday in September and ends on the fourth Sunday in April)
|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).|
Temperate: Desert in the north, Mediterranean in the central region, and cool-damp in the south.
|International Dialing Code||56|
|Electricity||220V / 50Hz: Plug Type: C L|
|System of Government||Republic|
|Name of Current Leader||President Sebastian Piñera (since, 2017).|
The President is both the chief of state and the head of government.
|Income Tax Rate for Residents||22% to 30%|
|Property Tax||1% to 1.2%|
|Capital Gains Tax||20% to 25%|
|Inheritance Tax||Levied on the net value of assets transferred at death.|
|Real Property Tax||1.2% for urban property and 1% on rural property.|
|Restrictions on Foreign Ownership of Property||It is possible for a foreigner to borrow for the purchase of real estate in Chile but only as a resident. You would have to be a resident for a number of years before a bank would consider lending.|
Chile does not offer an invest-for-residency program whereby the purchase of property qualifies you for a visa. You would need to seek residency independent of any real estate purchase.
|Local Chamber of Commerce||http://www.ccs.cl/|
Calle Monijitas 392,
Santiago, Metropolitan Region, Chile
Tel: 562-2360 7000
|American Chamber of Commerce||http://www.amchamchile.cl/|
Kennedy Avenue 5735,
Torre Poniente, office 201,
Las Condes, Santiago, Chile
Tel: 562-2290 9700
|Primary Exports||Copper, fruit, fish products, paper and pulp, wine, and chemicals.|
|Residency and Visa Requirements||Residency is easy to establish and comes with a path to citizenship. You can apply by mail and no background check is required for U.S. or Canadian citizens.|
Citizenship requires five years of residency. A simple application is required with no test.
|Special Benefits for Foreign Residents or Retirees||You can apply for loans and mortgages with a permanent visa.|
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