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Chile’s Epic Route of Parks is now open

In recent years, Chile has made huge progress in protecting its incredible natural beauty. Now the culmination of the conservation work has come in the form of the Route of Parks – or Ruta de los Parques – a 2800 km route that connects 17 national parks across the country. The route is an incredible hiking trail running all the way from Puerto Montt…

HOW VULNERABLE IS THE $100+BN PROPERTY PORTAL INDUSTRY WORLDWIDE?

This is an article written for a New Zealand audience but the challenges and disruption that is causing some in their real estate industry to pause is also very applicable to the South American market which is very fragmented with a low level of transparency.  It was written by Alister Helm a licenced real estate salesperson and journalist. …

Will real estate agents be replaced by robots?

It’s no longer a question of whether but rather when the real estate industry will be disrupted. Our way of selling and buying houses remains a pain point. California-based investment advisor Ross Gerber summed up what lots of us think when he said, “The real estate industry desperately needs … a transparent, predictable and liquid…

The Overwhelming Case for Chile’s Private Social Security System

The United States and other western nations became rich during the 1800s thanks to a combination of rule of law and very small government. Sadly, very few nations – most notably East Asian tiger economies – have become rich in the modern era. Yes, some other countries have grown, but they are not on a path to converge with…

Powers of Attorney in Chile

A power of attorney can be executed for just about anything in Chile. Powers of attorney should be limited in scope to particular tasks or goals, and they MUST be drafted by a qualified attorney. A poorly drafted power of attorney, after getting all the proper authorizations outside the country, can ultimately be rejected or accepted by each notary, government office,…

Chile Temporary vs. Permanent Residency

“Temporary residency” (residencia temporaria) refers to the time you must be physically in Chile within a one year period, before qualifying for permanent residency (Permanencia Definitiva). For most visa types, this time is 180 days, within a one year period. These do not need to be consecutive days physically present in the country but must…

Chilean Accounting and Tax Compliance Requirements

The legalities for running a business in Chile are similar to those of other Latin American countries. However, there are a few differences concerning taxes, documentation, and licensing that are important to note in your research of Chilean business practices. Tax Rates Chile has four main taxes: Value Added Tax (VAT), Stamp tax, Customs duties,…

The Necessary Legal Steps to Buy Real Estate in Chile

The three major phases of any property purchase in Chile are negotiation and title search, contract signing or closing, and title registration and payment. Each particular property purchase may have many other considerations, the timing of these stages may vary greatly; but, broadly, all properties in Chile will go through these three steps or…

Inheritance and Wills in Chile

The basic order of inheritance in Chile after someone dies is that of surviving spouse, children, parents, grandparents, siblings, and then cousins. This also includes rights of spouses and children for their direct ascendant or decedent to inherit. You are allowed to give a certain percentage of your estate in a will to whom ever you like, but for the most part you…

New Immigration Reform in Chile

In April of this year, President Sebastián Piñera announced a new immigration reform. Piñera asserted that Chile will continue to be a country which welcomes immigrants with open arms. However, Piñera stated that due to a large number of immigrants entering the country recently, Chile needs an immigration reform that addresses the current situation providing adequate…

A New Real Estate Marketing option for Independent Brokers and Vendors

We are offering a new option for independent brokers and private Vendors to market their real estate or Agricultural related businesses for sale  outside their home location For some time now GTSA – Marketing has been marketing individual properties or projects for vendors and independent brokers without being involved…

Residential property prices are now global IMF warns

The world’s housing markets have become remarkably synchronised, according to  International Monetary Fund research that warns that local property prices may be vulnerable to unexpected foreign shocks. A study of 40 countries and 44 major cities across advanced and emerging economies shows there has been a simultaneous upswing since the…

Understanding Chile’s geographical regions

Chile may have a “crazy” geography, but it is also a land of unparalleled beauty, with an incredible variety that has fascinated visitors since the Spanish conquest. Because Chile extends from a point about 625 kilometers north of the Tropic of Capricorn to a point hardly more than 1,400 kilometers north of the Antarctic Circle, within its territory…

10 Reasons Why You Should Invest In Chile

Company Formation Chile: With Brazilian sunrays no longer outshining the rest of Latin America, the real attention is now being paid to other emerging players in the region such as Colombia, Peru, and Chile. Chile, in particular, is a very attractive destination to start a business. Strong economic and social policies in Chile have led to a reduction in poverty of 50% since…

What are the Tax and Accounting Requirements in Chile?

When a company decides to move their business into a new market and to open up a new office in a new country, one of the first things to be considered is the country’s tax system. Around the world every country has different tax and accounting systems, some are easier to manage than others. Therefore, when moving into a new market, companies have to determine…