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Jeremy Barlow
Nomad Capitalist
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Comments by "Jeremy Barlow" (@jeremybarlow2291) on "The Swiss Army Knife Second Passport" video.
Chile is not that fast, that easy, or that cheap. It is on par with obtaining a Portuguese passport via a D7 visa and residency.
18
My understanding is that while Chile has a relatively short initial stay to obtain permanent residence. That you need to actually live in Chile for the vast majority of the five years leading to eligibility for naturalization already. Are the on the ground requirements as stringent as Canada or the United Kingdom? No, but you need to be living in Chile more than 183 days a year for those first five years and tax resident in Chile throughout the stay which subjects you to their CFC rules as I understand it, so while the early tax breaks are enticing, you will be paying significant taxes in Chile more likely than not, even with proper structuring.
16
You can legally travel with two passports, but you must enter and leave border control with the same passport and if you are a citizen, most countries require you to leave and enter your country of citizenship with their passport. I mean if you are on a direct flight from Atlanta to Santiago or Houston or Dallas to Santiago if there ever is such a direct flight you would need to show US passport control your US passport before you got on the plane and you would need to show Chilean passport control your Chilean passport when entering the country.
6