Chile Investor’s Guide: Visas and foreign citizens
Chile has become South America’s “talent magnet”. According to official figures, applications for temporary work visas increased by 381% between 2005 and 2016 while, in the case of visas subject to a work contract, the increase reached 206%. In general terms, five types of visa are issued by Chile: Tourist Visa, Visa Subject to Work Contract, Temporary Residence Visa, Student Visa and Permanent Residence. In addition, a fast-track Visa Tech program is available for overseas professionals…
Chile’s new foreign investment law
CHILES NEW FOREIGN INVESTMENT LAW On January 1, 2016 Law No. 20,848 which sets forth a new legal framework for foreign direct investment in Chile (the “New Foreign Investment Law”) was enacted. The New Law also regulates the effects of contracts entered into during the term of Decree Law No. 600 of 1974 (“DL 600”), in order to guarantee the full validity of the rights and duties acquired by foreign investors under said legal regime. Foreign investors that executed foreign investment agreements with…
