| Hola
from Chile! Our last article concerned Chile's interest in attracting "Smart
Capital." Since that article hit cyber-space, we were again over-run with
requests for more detailed how-to information such as finding employment
and / or business investment opportunities here in Chile. Also, in addition
to these requests, many readers asked about Visa requirements and how to
obtain permanent residency in Chile.
Unexpectedly,
many of the people who contacted us were from within Chile. These were
people who actually have business or job opportunities available! We had
already known of a few, but WOW! If anyone out there is interested, we
just might have THE connection for whatever type of business or occupation
you may be seeking or perhaps, at the very least, we might be able to point
you in the right direction.
With this
in mind, we talked it over and decided to expand on the “Opportunities
in Chile” theme a bit in order to more fully support our readers, including
the people we had no idea about, those who are already living and working
IN Chile. Sheesh, what a surprise!
We are also
continuing to work on our website www.Chile-Yen.com/Opportunities.html,
to keep it up-to-date. We will be adding new opportunities as they become
available or as we become aware of them, so be sure and check back from
time-to-time. We have also included several links to employment search
tools in Chile. We wish you “Buena Suerte” in your search for your new
life.
Chilean
Visa, Anyone?
First we would
like to mention a few points regarding the acquisition of Visas in Chile.
We always get a bit of a reality check when we read about other countries
and their respective Visa requirements. Panama has their Pensioner’s program
which sounds like a great Visa except that it can never lead to Panamanian
citizenship and from the knowledge we have acquired, one is not permitted
to WORK with this type of Visa either. Other Visa-types require large investments
in special programs that stimulate the economy in pre-determined ways.
There are also “time deposit” based Visas, requiring a rather large chunk
of cash to be deposited into your new country’s bank for up to two years.
Also, as you
may or may not know, certain countries have what is known as “point-based
systems” (points go away the older you are, so unless you have a nice chunk
of cash to deposit into your favorite country’s bank, our suggestion is
to forget it). Educate yourself a bit beforehand.
While we feel
it is rather biased that some countries discourage people who are over
a certain age, we know this is to protect the countries from having to
dish out extra medical or other age-based benefits. We do understand this
standpoint, but come on! Most of us are just coming into our “renewed young-adult”
eras, when these countries’ government(s) feel we (aged 50 or older) should
be put out to pasture or rather redirected to the nearest rendering works….
There are also countries where points are increased for trained professionals.
So, if one is 50+, not a doctor and has less than a million dollars OR
is not equipped with the appropriate college degree, the person will likely
not be appropriate, either.
What happened
to equality in life? What happened to respect for knowledge gained from
lives that have been well-lived? Happily, Chile has a very simple, WELCOMING
and straight ahead, if not logical Visa program which, unless you are a
criminal, deadbeat or an outright bum, you should be able to comply with
their requirements.
In Chile,
many requirements are much simpler and yes, down-to-Earth. If you happen
to land a job in Chile, You will need a Work Contract (this is necessary
for all employees in Chile) which has been signed and Notarized by the
local notary. The only tricky or perhaps you might wish to call it a “sticky”
issue is that one’s Employer must agree, as a condition of employment,
that they will pay for the airfare to send the Employee back home if the
job does not pan out. However, this is only the case if you are using the
Work Contract method to obtain a Visa. This is not a condition for a Work
Contract. It is a condition for the issuance of a Visa based on the Work
Contract. The other requirement is that you earn at least $300,000 pesos
a month (about $550 USD. Don’t let the commas used to denote amounts of
money fool or excite you!). This monetary requirement is usually not a
problem since it is hard to survive on anything less than this and most
jobs will pay more than this relatively small amount.
If you purchase
real estate and / or a business, you are usually guaranteed a Visa. If
you have a retirement pension, receive Social Security checks or happen
to have a significant nest-egg saved up, you can obtain a Residency Visa
and no, you won’t have to tie up your life savings in a Chilean Certificate
of Deposit or any other monetary scheme which takes the control of your
money out of your own hands for any period of time. The basic requirement
for any type of Visa is: Can you support yourself here? All other requirements
for a Visa are quite reasonable. Imagine, a requirement that makes sense
and you can obtain a Visa for living in Chile. Since we have been through
the Visa process ourselves and since we have already assisted several others
in obtaining their Visas and just in case you were silently wondering----
“Yes, we DO offer assistance in the Visa process, also!”
One very interesting
observation we have made regarding Visas is this: it is a much simpler
process to apply and obtain your Visa from within Chile than to apply through
the Chilean Consulate in your home country. We hope we won’t get a cranky
call from the Chilean government for mentioning this, because the Chilean
Consulates in your home country will tell you that you must apply through
their offices or you cannot get a Visa. Bull ca-ca! The reality is that
you do not have to waste your time and it is much simpler FOR YOU if you
don’t take this unnecessary step. It is also usually either FREE (for U.S.
citizens) or much less expensive if you apply from WITHIN Chile but this
is not the case through the foreign offices.
Another rather
off-topic but still interesting factoid is this: When people apply for
a family member Visa to enter the USA, it is much simpler to apply from
outside of the USA than from within the USA. It seems that no matter which
way you are going, it is more difficult and there is much more Red Tape
when you submit an application in the USA. This rather destroys the myth
of the Third World government where nothing gets done without a bribe and
a mountain of Red Tape and where the almighty USA is the model of efficiency.
Truth be told, there is much that the US government could learn and one
of our favorite words is “simplify.”
What Business
Opportunities, You Ask?
The various
business opportunities we are aware of range from a salmon farming operation
with land and water rights and with a hydro-electric side-line operation;
a seven bedroom Patagonia fishing lodge; a lovely European-style hotel
near the lake in one of the Lakes District tourist towns; a charming and
cozy local restaurant plus six rooms for rent upstairs; a group of eight
rental cabanas; a home with a detached restaurant (or?) located in the
front which sits beside a main thoroughfare; an established bed and breakfast
located in a major tourist town; and last but certainly NOT least, a Seaman’s
Port of Call Center with a bar, restaurant, Internet phones and Internet
access for the crews of merchant vessels and cruise ships.
So many people
have a mental misconception of places outside their home country when in
actuality many things are very similar. If you were looking for a business
to own and run in the USA you would possibly consult a business broker
or maybe look in the newspaper. In Chile we have not found an exact match
to the business broker but it is truly amazing how the word-of-mouth network
actually functions here. In Chile it is much more a matter of getting around
and knowing people. Once people know you have an interest in something,
it is incredible how many people find out and come from out of practically
nowhere to tell you what they know or what is available.
The purchase
process is about the same as one would experience in the USA, Canada, England
or any other developed country. We highly advise that you engage the services
of a Chilean attorney and preferably one who has been recommended by another
Expatriate or two. We happen to know of a great attorney who speaks excellent
English and he is savvy to the special needs of Expats. Other than that,
there will be an Offer and Acceptance Agreement and possibly a Confidentiality
Agreement, Due Diligence and the actual Closing when you must also either
be in attendance or ensure that your attorney has a Power of Attorney to
finalize any sale / purchase on your behalf.
Financing is
also a possibility, but without a credit history in Chile and a Residency
Visa in place, you will likely be limited to credit carried by the Seller
as opposed to bank financing. Once you are established in Chile, the bank
financing option becomes a possibility but most likely (the same as it
is in your home country) if you don’t have an established banking history
and if you haven’t demonstrated a willingness to pay your bills, it is
next to impossible to get financing from any bank.
Many people
don’t realize that highly developed banking and investment services exist
all around the world and in many different countries. This is not limited
to just a few “developed, First World” countries. We actually consider
Chile to be a First World country. While we don’t know exactly how this
is measured or what the technical definition is of First World, we find
Chile to be pretty much the same as the USA in most measures we use to
define development and / or comfort. People in Chile have credit cards,
checking accounts and payments available on most any purchase they may
want to make. We swear that the department stores make most their money
on their in-house credit they offer as opposed to the mark up on the goods
they sell. Some things are the same all around the world.
In actuality
and while we don’t recommend it, you could purchase a business without
being a resident of Chile at all. Of course you would have to take a quick
trip out of the country every 90 days (maybe to Argentina which is right
next door) but it is possible to have your Chilean Tax ID Number (called
a RUT) and to actually own and run a business here without ever obtaining
a Visa. Once again, we do not recommend this, but it is being done.
.
Just a
few examples of the types of businesses for sale in Chile
.
Restaurant on Main Highway
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Cabanas on 3 Acres
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Bed and Breakfast
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Come One,
Come All!
Now, if you
have an idea for a new business, there may be no better place than Chile
to try out this idea! Chile welcomes businesses of all types, labor costs
are minimal and in some cases, you just might get assistance FROM the Chilean
government if they feel your idea is worthwhile... No Al Capone-types,
please! Also, citizens from all around the world are welcome in Chile and
International Tourism is on the rise. Actually, the Chileans themselves
provide a very active tourist market within Chile.
All the standard
forms of incorporating are available in Chile and the Limited Liability
Association (LLC to most people), is very popular in Chile, as it is in
the USA. Foreigners can own corporations in Chile and you are constitutionally
guaranteed both equal treatment under the law as well as the ability to
expatriate your original investment and your profits. After tax profits
that is. -Article continued below - |
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Jobs
Overseas - International Employment Worldwide - One of the largest
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Find yourself an excellent job or career overseas -
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Overseas
Jobs & Careers - Click Here
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| Uruguay
for Retiring, Investing, or Just Good Living by Lee Harrison - If you've
never considered Uruguay as a place to live, or even to visit you’re
going to be completely surprised by all it has to offer - The
country is diverse. Montevideo is a old-world European style city with
fine restaurants, colorful markets, sycamore lined streets and a cultural
scene second to none. Here you’ll encounter an honest, European culture
that’s representative of what you’ll see throughout the country. In Colonia,
you’ll find that the original Portuguese settlement has been restored,
and its residents have made it one of the finest examples of old colonial
architecture in South America. With it’s year ‘round tourist trade, Colonia
is a great place to invest in a colonial restoration or a rental property. |
LEARN
MORE - CLICK HERE
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