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Chile is one of South America’s most stable and prosperous nations today. Its major industries include Mining (copper), Food (salmon) and Chemicals (oil, plastic). Spanish is the official language, although there are also quite a few indigenous languages spoken such as Aymara, Quechua, and Huilliche. The official currency is the Chilean Peso (CLP), but the UF (Unidad de Fomento) is used for various large purchases including rental agreements.
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Cities of Coverage
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Antofagasta
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Iquique
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Santiago
Client Industries
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Automotive
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Energy
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Entertainment
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Financial
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Food & Beverage
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Hospitality
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Manufacturing
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Medical
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Retail
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Technology
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Transportation
Our Solutions
Here’s how we can help.
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Paula Martinez
Chile Country Manager South Cone Supply Chain & Development LeaderContact Us
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Phone: +56 9 9256 7004
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Immigration Phone: +1 954 526 3354
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Opening Hours
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Monday – Friday
8:30 AM – 5:30 PM
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Hugo Peña
Senior Regional Immigration Manager- Official Currency: CLP (ChileanPesos)
- Chile is a Currency Controlled Country, which means it has a Central Bank that controls the exchange market. Therefore, landlords won’t accept payments from abroad, since they will have to pay high taxes. They may accept it if they have a foreign bank.
- In order to apply for a Chilean ID, the assignee must have a work visa or a temporary resident visa. The Chilean ID card is received 15 days after registration at the civil registrar office has taken.
- Registration with the International Police must take place upon arrival in Chile. A passport with stamped visa is required for this process. Once the International Police issues the registration card, it must be kept with the kept with the passport.
- A driver’s license must be obtained once the assignee has the work visa and the Chilean ID card. It consists of a written and driving test.
- Opening a bank account can be challenging for an assignee, the required documents are a copy of the Chilean ID card, copy of the work contract, certificate submitted by the company indicating how many years the assignee has worked there, copy of the identification page of the passport, and a contact phone number. In some cases the HR or Finance department are in charge of opening the bank account with the bank the company manages their corporate accounts, so using the bank the company manages may facilitate this opening process.
- Public schools are not recommended in Chile, most assignees choose private schools. However, the only private school in Santiago with the American school calendar is Nido, which is also the most expensive and has limitations on availability.
- Typically, the length of the lease is for a minimum of 12 months. It will renew automatically unless written notice is provided to the landlord.
- Rent prices are usually fixed in UF (Unidad de Fomento) which is a monetary unit that varies on a daily basis according to the inflation. This allows rent readjustment to be done on a monthly basis. This information is very important as it affects the housing allowance.
- Most landlords require a guarantor. In the event that a guarantor is not provided, the landlord may ask for several months advance rent and the assignee’s offer letter will be needed.
- A deposit of one month’s rent may be required.
- The payment of the realtor commission is split in half between the tenant and the landlord. It is typically ½ a month’s rent each +VAT
- The diplomatic clause is usually accepted after the 1styear of the lease and with a notice of 60 days.
- Utilities are not usually included as part of the rent. In order to connect utilities a RUT is needed.
- The areas where affordable, desirable rentals are most likely to be located within Santiago are, La Dehesa, Santa Maria de Manquehue, El Golf, Vitacura, Los Dominicos, and Providencia.