Banking laws and tax information for expats in Chile

Member since 18 August 2013

Claybo47Member18 August 2013 22:13:07

I'm looking on information on the ease of banking for expats and how bad the taxes are for Americans. I am aware that Americans get double taxed by both the US and Chile. I would like to buy property (house and acreage)or build a house on acreage. I also want to open a business. I have heard that some banks won't touch us due to the US laws on reporting. Does anybody know? Thanks much!

Claybo

karen ViP

Member since 21 June 2013

karenViP19 August 2013 12:33:18

4030

Hello Claybo.

Welcome to Expat.com

Thanks.

Karen

Claybo47 Member

Member since 18 August 2013

Claybo47Member21 August 2013 14:48:52

Thanks! Do you live in Chile? Where are you from?

Snetler Member

Member since 05 November 2012

SnetlerMember21 August 2013 16:02:37

Hi

I'm gathering info on Chile too.
I was told yesterday to use international banks like BBVA or Santander. about the rest of your questions I don't know but would sure like to know.
I'm from South Africa and going there next year to look for a piece of land

Claybo47 Member

Member since 18 August 2013

Claybo47Member21 August 2013 23:00:25

I aim to do the same. I will post anything if I hear it. I know the US is the ONLY country in the world that hammers their citizens abroad. The rest will let you be taxed once.

ricardopadro Contributor

Member since 11 August 2011

ricardopadroContributor02 September 2013 02:59:11

130

Hi!
There isn´t a extra taxes for americans, if you want a bank-credit usually you should give them the last 12 salary slips (in Chile) and your national id (RUT). (if you live in Chile at least 3 months working, you will get one RUT.)

If you want to open a business, you could contact the national agency CORFO CHILE (corfo.cl/), they could assist you about information, credit, visa, etc.

Regards,

Divecat1 Member

Member since 18 October 2013

Divecat1Member19 October 2013 22:51:48

Hi
I am from South Africa also living in south east Asia moving there in the new year were are you looking at going which part ? I have done lots of research maybe we can share info with each other .
Regards