Financial Advice in Chile

Lump sum investments in Chile are one of the major things that expat retirees in the country should consider, as this is a smart way of having an effective wealth management. Some of the benefits of lump sum investments include tax breaks, investment flexibility, access to funds which are usually unattainable, and the ability to take an income without penalties. Chile has a total of 20 commercial banks, four foreign banks, one government-owned bank called Banco del Estado de Chile, and one central bank called Central Bank of Chile.