A Comprehensive Guide on Obtaining an Investment Visa for Chile

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Discover the most suitable immigration categories for foreign investors interested in investing in Chile. Chile, known for its stable economy and attractive business environment, has become a desirable destination for foreign investors. If you are considering investing in this South American country, it is important to understand the process of obtaining a foreign investor visa. In this article, we provide a comprehensive guide to the visas required by foreign investors who want to invest in Chile. We explore the different types of visas available, their specific requirements, as well as the benefits and conditions associated with each option. 

Immigration Categories in Chile 
Under Law No. 21.325, published in Decree No. 296 on February 12, 2022, three main immigration categories have been established: Transitory Permanence, Temporary Residence, and Permanent Residence.

1. Transitory Permanence (formerly known as Tourist Visa)
Tourists do not require prior authorization or a visa to enter and stay in Chile, except for certain nationalities that require prior authorization granted by a Chilean consulate abroad. This authorization is known as Transitory Permanence. However, Transitory Permanence holders who are already in the country may not apply for residence, unless they meet the specific requirements outlined in article 69 of Law No. 21.325. Additionally, Transitory Permanence holders must prove that they have sufficient means to support themselves during their stay in the country. They are not allowed to engage in paid activities, except in exceptional circumstances where they may request a Work Permit with Transitory Permanence from the National Migration Service.

How to request prior authorization for Transitory Permanence?
For cases where prior authorization granted by a Chilean consulate abroad is required, the request can be made via the Foreign Affairs Ministry’s Consular Procedures portal.

How to request a Transitory Permanence Extension?
The Extension is a discretionary authorization granted to Transitory Permanence holders to prolong their stay in Chile for an additional period of 90 days. The request for extension must be made before the expiration of the Transitory Permanence permit provided on the Single Immigration Card.

What is the cost of a Transitory Permanence Extension?
The holder is required to pay US$100 (equivalent in Chilean currency) for the extension. The request can be made on the portal provided.

How to request a Work Permit with Transitory Permanence?
A Work Permit with Transitory Permanence is an authorization to engage in specific and sporadic work that provides remuneration or economic benefits in Chile or abroad. This permit may be requested by individuals such as members and staff of public shows, athletes, lecturers, advisors, and expert technicians. The request can be made on the provided portal.

2. Temporary Residence (formerly known as Visa Subject to Contract or Temporary Visa)
Temporary Residence is granted to foreigners who can demonstrate family ties or interests in Chile, and whose residence is considered useful and convenient. This category allows the holder to engage in any activity in Chile without limitations, except those established by law, as long as the specific subcategory under Temporary Residence allows it. It is valid for a maximum period of two years.

Subcategories of interest for foreign companies and investors
Within the Temporary Residence category, there are three subcategories that may be of interest to foreign investors:

– Foreigners conducting paid legal activities: This subcategory allows foreigners to settle in Chile temporarily for remunerated legal activities under a relationship of subordination or dependency. The specific requirements must be met to request this type of Temporary Residence through the provided portal. InvestChile sponsorship is required for this subcategory, and a Sponsorship Letter will be issued after verifying compliance with the established requirements.

What are the requirements for an Investor Visa?
The main requirements for an Investor Visa include having a project worth over US$500,000 in the planning or execution phase in Chile, or being a foreign company established in Chile with at least 10% foreign capital that needs to bring specialized technical personnel, investors, management staff, or other essential personnel for operations in the country. The request for a Sponsorship Letter can be made on the page of the Foreign Investment Promotion Agency, InvestChile. After obtaining the Sponsorship Letter, the residence application can be submitted through the National Migration Service portal.

– Multiple entry business permit: This permit is for foreigners who regularly visit Chile for executive management or board meetings related to their businesses or investments in the country. The request for this permit can be made on the provided portal.

3. Permanent Residence (formerly known as Permanent Visa)
Permanent Residence is granted to foreigners who currently hold Temporary Residence and wish to reside indefinitely and engage in any lawful activity in Chile. Temporary Residence holders may apply for Permanent Residence if their subcategory allows it. The application must be submitted before the expiration of the residence permit, which can be done through the provided portal.

If you want to learn more about investing in Chile, check out our article on how to establish your company in the country.

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From Chatbots to Self-Driving Cars: The Revolutionary Impact of Machine Learning

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From Chatbots to Self-Driving Cars: The Revolutionary Impact of Machine Learning

Machine learning has quickly become one of the most revolutionary technologies of the 21st century. It has transformed various industries, from healthcare to finance, and is now making its way into our daily lives with the advent of chatbots and self-driving cars. Let’s take a closer look at the revolutionary impact of machine learning in these two domains.

Chatbots, also known as virtual assistants or conversational agents, are computer programs that simulate human conversation. They utilize machine learning algorithms to understand natural language and mimic human-like responses. Chatbots have gained popularity in recent years as they provide efficient and personalized customer service, automate tasks, and enhance user experiences.

Machine learning plays a pivotal role in the development of chatbots. Through training on massive amounts of textual data, chatbots learn to recognize patterns in language and deliver appropriate responses. The more data they are exposed to, the better they become at understanding context and providing accurate answers.

Companies across various industries have adopted chatbots to streamline customer interactions. They can handle customer inquiries, direct them to the right department, and even process transactions. By automating these tasks, businesses can save costs, increase efficiency, and improve customer satisfaction.

Beyond customer service, chatbots have found application in healthcare, providing patients with real-time assistance and helpful information. They can offer advice on symptoms, recommend appropriate treatments, and remind patients to take their medication. Chatbots also play a vital role in mental health, providing support, and offering a listening ear to those in need.

Self-driving cars are another remarkable example of machine learning’s impact on society. These vehicles use a combination of sensors, cameras, and machine learning algorithms to navigate roads, interpret traffic signs, and make autonomous decisions on the go.

Machine learning algorithms in self-driving cars are trained using vast amounts of data collected from various sensors. With this data, they learn to recognize objects, detect road obstacles, and make predictions about other vehicles’ behavior. The more data they process, the more accurate their predictions become, ensuring safer road experiences for drivers and pedestrians.

Self-driving cars have the potential to revolutionize transportation as we know it. They offer improved safety, reduced traffic congestion, and increased fuel efficiency. Moreover, they enable people with disabilities or mobility issues to gain independence and access to transportation. The development and mass adoption of self-driving cars are not just a technological advancement but also a significant step towards building a sustainable future.

However, machine learning in self-driving cars is not without its challenges. Ensuring cybersecurity is one considerable concern, as hackers could potentially exploit vulnerabilities in the systems. Additionally, the ethical considerations of self-driving cars, such as decision-making in critical situations, need to be carefully addressed.

Machine learning has undoubtedly made significant strides in chatbots and self-driving cars, but its reach goes far beyond these two domains. It has reshaped the fields of predictive analytics, recommendation systems, fraud detection, and more. The applications of machine learning seem boundless, promising a future where artificial intelligence seamlessly integrates into our everyday lives.

As machine learning continues to evolve, it is crucial to strike a balance between embracing its potential and addressing the ethical, legal, and societal implications. Education, research, and collaboration among industry experts, policymakers, and the general public are key to responsibly harnessing the power of machine learning for global benefit and advancement.
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Customers can now leverage generative AI to construct synthetic datasets through Parallel Domain’s API

Parallel Domain has launched an API called Data Lab that allows customers to generate synthetic datasets. This San Francisco-based startup utilizes generative AI technology to give machine-learning engineers control over dynamic virtual worlds, enabling them to simulate any scenario they can imagine.

According to Kevin McNamara, founder and CEO of Parallel Domain, customers can easily install the Data Lab API from GitHub and start generating datasets through Python code. This API allows engineers to create objects that were not previously available in the startup’s asset library. By using 3D simulation, engineers can layer the real world onto the virtual world, creating scenarios like a flipped cab on a highway or a human dressed in an inflatable dinosaur outfit.

The main goal of Data Lab is to provide autonomy, drone, and robotics companies with more control and efficiency in building large datasets, which will help train their models faster and at a deeper level. McNamara explains that the speed of iteration now depends on how fast an ML engineer can translate their ideas into API calls or code.

Data Lab has already attracted major OEMs and autonomous driving companies as customers. Previously, it would have taken weeks or months for Parallel Domain to generate datasets based on customer parameters. With the self-serve API, customers can create new datasets in near real time.

In testing, Parallel Domain found that autonomous vehicle models trained on synthetic datasets performed better than those trained on real-world datasets. While the startup is not using popular open AI APIs like ChatGPT, they are building components using open-source foundation models from the past couple of years.

Parallel Domain’s synthetic data generation engine, called Reactor, was initially launched for internal use and beta testing. Now, with the Data Lab API, the startup’s business model is shifting towards a software-as-a-service model, where customers can subscribe based on their usage.

The potential applications of the Data Lab API go beyond autonomous driving, extending to industries like agriculture, retail, and manufacturing, where computer vision-enabled technology can improve efficiency. McNamara envisions Parallel Domain becoming the go-to platform for training AI models in any domain that requires sensor-based perception.

Mercedes joins the ChatGPT competition while Toyota races to catch up

The Station is a weekly transportation newsletter that covers all aspects of moving people and packages from one place to another. To receive the full edition of the newsletter every weekend in your inbox, simply sign up by clicking on The Station. Subscription is free. Welcome back to The Station, the central hub for everything related to transportation. Has ChatGPT reached its peak hype? The recent announcement by Mercedes, a typically cautious automaker, suggests that we might be getting close. Mercedes is rolling out software beta to about 900,000 vehicles that will add OpenAI’s ChatGPT to its MBUX infotainment system. Our in-house AI and science editor, Devin Coldewey, dives into the story and questions whether a car is the right environment for such a tool. In addition, reporter Haje Van Kamps analyzes an interesting market trend in the United States where there is a move towards bigger electric vehicles (EVs). However, the analysis suggests that this may not be the right move. Now, let’s move on to the rest of the news for this week! If you have any tips, comments, or complaints, feel free to reach out to Kirsten at kirsten.korosec@techcrunch.com or send a direct message to @kirstenkorosec. If you prefer to remain anonymous, you can contact us through SecureDrop or various encrypted messaging apps. Here are some highlights from this week’s news: – Bike buses are becoming a popular way for families to cycle their kids to school together, promoting safety in numbers. A study in the UK found that 66% of bikeshare users began cycling more after using the service, indicating its positive impact. – Clip, a Brooklyn-based startup, won Micromobility Europe’s startup competition with its portable device that can instantly transform any bike into an e-bike without the need for tools. – Cowboy, an e-bike company, announced that its integrated app will now feature navigation from Google Maps, hinting at future collaborations between the two companies. – DAB Motors and Peugeot Motorcycles are collaborating to create an e-motorcycle called Concept-E and plan to launch it for series production. Peugeot has also made a significant investment in DAB Motors and now owns a majority stake in the company. – Delivery workers in NYC achieved a historic win with a guaranteed minimum wage of $18 per hour. However, both the app companies and the deliveristas expressed disappointment, with the latter expecting $24 per hour and still not earning a living wage after expenses. – Joco and Grubhub opened the Joco Concierge, a delivery rider hub. As part of their partnership, at least 500 gig workers will have free access to over 1,000 e-bikes. – Leatt introduced its new 3.0 Enduro helmet, designed to protect the face, head, and ears of riders. – Harley-Davidson subsidiary LiveWire will begin delivering its new S2 Del Mar e-motorcycle this summer. The bike has a range of 100 miles and a price point of $15,499. – The Microcars Coalition, an alliance of tiny car manufacturers, aims to promote microcar-friendly legislation and attract more manufacturers. – Micromobility.com is leaving unprofitable markets to focus on self-sustainability, although no specific details have been provided about which markets will be affected or how the company will regroup. – NYC has expanded its e-scooter pilot program to include Queens, allowing Bird, Lime, and Veo to operate in the borough. – Tern has released the 2023 edition of its HSD folding cargo e-bike, which offers a greater carrying capacity in the rear luggage rack and is still easy to compact. The starting price is $5,065, but the new Bosch motor makes it well worth the cost. – Today, a new global micromobility player, was formed by merging six brands and is owned by VC fund EFO Ventures. It currently has a fleet of 8,000 vehicles consisting of e-scooters, e-bikes, e-cargo bikes, and e-mopeds. – To-Move has introduced the TOM scooter, a 20 mph sit-down vehicle with a bamboo body that can be folded and carried in under 10 seconds. – Rad Power Bikes is hosting a competition called the “Most Bored Person” to bring fun back into people’s lives and give them a chance to win money, prizes, a trip, and/or a Rad bike. – XYZ offers a modular kit that allows users to design the perfect load-carrying vehicle for various jobs, with a capacity of 300 pounds. – Yup has unveiled the Dixie, a universal charging station that uses AI to charge small EVs and collects data on parking usage and carbon footprint. In other news, LeddarTech, an automotive sensor and perception software developer, announced that it will go public through a merger with special purpose acquisition company Prospector Capital Corp. The deal values the combined company at $348 million. Other notable deals include Axle Energy raising $1.6 million in a pre-seed funding round, Fernride securing $31 million in a Series A round, and Pebble Mobility raising $13.6 million in a seed and Series A round. Additionally, Saudi Arabia signed a $5.6 billion deal with Chinese EV maker Human Horizons, Standard Fleet raised $7 million in seed funding, and Stellantis invested a significant portion of its fund into 10 startups. Lastly, interesting reads include ADAS Xpeng expanding its City NGP to Beijing, Elon Musk’s statement that Tesla’s market cap is tied to solving autonomous driving, and various updates on electric vehicles, charging, and batteries. That’s it for this week’s recap! Stay tuned for more updates and news from the transportation world.