Entrepreneurs, investors, merchants, and business owners in general who go to the national territory for more than 90 days due to their operations and interests in the country may be interested in this temporary home. It is simple to obtain. However, renewing or getting a permanent residence with this visa may be more challenging.
Alternative visa kinds can be more advantageous for you if you're an entrepreneur.
To be eligible, you must contribute to or invest in some economic activity like:
Also, you are required to have a minimum investment of 2.5 million USD.
You may have to provide the following documents.
You may have to provide extra documents depending on your country.
An Investor Visa can be applied for by foreigners who have invested or intend to invest in Chile. And also merchants and entrepreneurs who have a business or want to create one in Chile. You can apply through a couple of ways but should know the processing time before applying as it can assist you in decision making.
Visa Processing Time
The Golden Visa for Chile can take 2 to 4 months to process. Thus, you should keep that in mind and apply for it accordingly.
How to Apply
You have two viable options for applying:
Duration
The visa is primarily valid for 1 Year but can be renewed and even lead to permanent residence.
Fees
Apart from the investment, you are required to pay a certain fee for this visa. The fee starts at 50 USD and can be more than that. Plus, you must pay a certain fee while applying for permanent residence.
The one-year-long temporary visa can be extended or renewed, leading to permanent residence. Once you have spent five years on permanent residence, you can apply for citizenship.
Dependents
Include family, if any.
Business
You have to make investments to apply for this visa.
Citizenship
You can also obtain citizenship through this visa.
Dual Nationality
Chile allows dual nationality.