A pensioner or Renter’s Visa is a temporary residency visa that applies to applicants that are retired and have a retirement pension or with the means to support themselves in Chile via a periodic income that they receive from the ownership of property and/or lease contracts in Chile or abroad or from any other legal means, such as stock ownership, interest income, bond investments, among others.
The amount of income required is not established by law and is finally determined by the competent authorities in Chile. This amount is determined by different factors, such as the place where the applicant intends to live in or if he or she brings a family to Chile as well. The approval is based on convincing the authorities that the applicant can support him or herself and his family for at least the duration of the visa, which is one year.
Considering the cost of living, the amount needed is at least USD$1.000 per month per person in the household, depending of course of the place where the applicant intends to live, as this cost varies among different cities and communes. This amount can vary with the exchange rates of the currency.
There are no restrictions on this visa. The applicant that is granted this type of visa can do any legal activity in Chile within the term of the visa.
This can be applied either via a competent consulate of the country of residence of the applicant or directly in Chile, via a standard form that must be filled, signed and mailed to the Department of Immigration. It is recommended to apply in Chile, as the time required for approval is much shorter, and the rejection rate is lower.
Documents that prove that the applicant has a regular recurring income that is enough to support the applicant and his or her dependent family members. This can be certificates of ownership of real estate, rent contracts either in Chile or abroad, and other kinds of documents that prove a regular recurring income. This documents must always be legalized before a Notary Public, and any document drafted abroad must be legalized on the Chilean Consulate of the country of origin and translated and legalized by the Ministry of Foreign Affairs.
Author: Carlos Browne