Global Retirement Report: Chile

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Introduction

Rankings Snapshot

Index
Ranking
Score
Overall Ranking
11th
94.7
Procedure Index
26th
76.1
Citizenship and Mobility Index
9th
98.2
Quality of Life Index
12th
81.5
Tax Optimization Index
34th
63.3
Costs and Invest Index
22nd
95.5

Country Information at a Glance

Category
Details
Legal Provision
Visa Temporaria Rentista — Ley 21.325 (Ley de Migración y Extranjería, 2021) + Reglamento (D.S. 296/2021); Servicio Nacional de Migraciones (SERMIG).
Region
Americas
Income Requirements
US$1,500. Qualifying income: Pensions, rental, dividends, investments, deposits.
Processing Time
7-11 months
Family Member Inclusion
Your Spouse or Civil Partner: Must have a legally recognized marriage or civil union certificate.Your Children: Must be under 18 years old.Adult Children (Ages 18 to 24): Eligible only if they are full-time students and financially dependent on you.Dependent Parents: Elderly parents can sometimes be included if you can legally prove they rely entirely on your household income
Tax Benefits
Worldwide taxation; income tax up to 40%. Wealth tax: None. Inheritance tax: up to 25%. Retiree benefits: Article 3 of Chile’s Income Tax Law begins with the general rule that anyone resident in Chile must pay tax on their worldwide income (rentas de cualquier origen). It immediately carves out a strict exception for newly arrived foreigners, however: for the first 36 months, the Chilean Internal Revenue Service (SII) is legally barred from taxing your global wealth, foreign investments, or overseas rental property. The law also explicitly allows you to request an extension of this tax holiday from the SII, and if approved, your exemption can be extended for an additional three years — giving you a total of six years of foreign-income tax protection.
Path to Citizenship
2 years for PR and 5 years for citizenship. Time spent on this visa counts toward the residency requirement for naturalisation.
Dual Citizenship
Allowed

Conclusion

Chile places #11 of 46 overall (score 94.7), scoring strongest on Mobility & Citizenship and weakest on Tax Optimisation. Its Visa Temporaria Rentista sets an income bar of US$1,500, with citizenship possible after 2 years. It best suits those who value travel freedom and a clear path to a second citizenship; the main trade-off is that the tax treatment of foreign and retirement income is less favourable.
Footnotes
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