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For Starters ...

Chile Investment, how to invest in Chile, what to watch out for when investing, economic issues, currency exchange in Chile, and more.

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For Starters ...

Postby el kayakista on Tue Oct 31, 2006 8:57 am

so i've been going through some of the post and found skyl4rk's post in regards that he has 40K usd to spend on possibly a business. i'm just curious if one can actually stand a business up with just 40k USD? i know that it would have all to depend on what you want to do, but how about starting the basics and getting yourself established in regards to getting paperwork out of the way. i know there isn't a lot that one can do during the initial stages, but at least it is a few items out of the way.

el puelche said:

"SECOND TRIP>
Vacation only in the selected area. I still would not mention business. Its best to continue to be very strict with keeping your intentions under wraps. I don't know how well you speak spanish but you won't get anything done anyway until your spanish is good. Remember that in Chile life is diffficult and most Chileans will not believe you and what you want to do until they actually see you doing it. Therefore they will talk to you in general terms and not tell you everything. Its not that they are intentionaly withholding things from you its just that they will not invest too much time/effort until you are actually doing what you say you are going to do. It is an odd situation because although they will not believe or rather have too much faith in what you say you are going to do but, Chileans will carefully wait to see if you will do what you have said. The corolation now of what you will say and what you will do will serve as a template. After all, as you are new and unaware of everything available, you will say and show interest in many things and there will be many things that you just don't do as you find out more . Chileans will give you a certain amount of latitude and consideration as a foriegner but that doesn't mean there are not limits. "


in true honesty this will be my second trip back to chile after spending a few months in chile around 2005. i have fallen in love with a few places, but the majority of my heart belongs to the Lake District area because of all the outdoor activities and potential tourism opportunity out there. i am almost 100 percent that i would like to invest in the Lake District areas, but i will need to travel there a couple of more times to confirm that. so this come december my focus will be heavily be in the pucon, siete lagos, puerto varas, temuco, and as far down as the futa. any other suggestions that one can get done while there for the second time scouting and finalizing the feel for places?
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tourism

Postby admin on Wed Nov 01, 2006 8:47 am

It sounds like you would like to get a tourism business going. What kind?

Basic paperwork and such for a biz can start at around $500-1000 US, depending on what you want to do. There are a lot of foreigners running businesses in southern Chile that simply operate as individuals. For example, fishing guides. Most of their money transactions with clients happens outside the country, and receipts inside the country are done by outsourcing to other local businesses so their taxes for services and such are paid via these local proxies. Much depends on what you want to do.

It is possible to pull off a small biz for 40k. It perhaps is a lean budget and would not leave you a lot of wiggle room for mistakes, but it is more than possible.

One area that seems to be unexplored is secondary tourism businesses in the south. That is selling services to the hotels, cabins, and so on. As a partner of mine once said, "you don't need an original idea in Latin America, just a good idea." So, take a close look on your next visit at the services that are missing.
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Biz...

Postby el kayakista on Thu Nov 02, 2006 2:52 am

hi charles.

at one point in time i was seriously (and i still am) looking to buy either a couple of hectares of land and build a home, or buy an already existing one. but i thought to myself as to what will i do to earn a living. so i figured a business would suffice that need.

i am still seriously looking into buying a couple to a few hectares of land either this december or my next visit. i was thinking of starting a small hostal as well as having a white water kayaking guide/instructor out fit out in the lake districts. starting a hostal not only gives me a roof over my head, but will also give me that security. so Panguipulli is what i have in mind where it seems to be the next Pucon. prices seems really cheap right now for a few hectares, but i need to get a defenite feel for it. do you have any other insight in Panguipulli during the winter and summer months other than from my own experience and what you have on http://www.allsouthernchile.com?

as for the kayaker guide deal, i know quite a bit of gringos who is only there from Nov-Apr to guide locals and gringos and would flock back state side. i know one guy who lives in Colorado and does that exactly. i suppose when i earn back what i've put in and then some, i can start to expand and build more on the prefab hostal.
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Panguipulli chile real estate

Postby admin on Thu Nov 02, 2006 11:43 am

We know of one parcel in Panguipulli for 10,000,000 pesos for sale. It sits on a hill about 5 mins from Panguipulli. With the right windows you would have a view of 3 volcanoes on all sides and the lake. Really a great location on the main road going from Panguipulli towards lican ray on the interlagos route. The land says, "please put a hotel or hostel on me".

There are some rafting guides in the area. Huilo Huilo resort would most likely be your greatest source of constant Gringo clients, as Pucon is not that hot with the foreigners and their is lots of competitors for the mostly one month a year Chilean market already .

We have kicked around the idea of building a house near Panguipulli ourselves; but, we do that every time we find another great little town in Southern Chile.
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i saw that

Postby el kayakista on Sat Nov 04, 2006 12:11 pm

yeah...i saw that post you guys had on your site. for 5300 m2 (1.4 acre), 10mil clp doesn't sound too bad for land. i would need to go check it out.
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futher south

Postby admin on Sat Nov 04, 2006 12:36 pm

Much depends on how remote you are willing to get. You can get more land for the money south of Puerto Montt. However, if you want to be within an hour or so of a major city expect to get about 0.5 hectares for around 5,000,000 to 10,000,000 pesos. There are a few closer to Puerto Montt that are cheaper.

The nice thing about the IX region is that you are exactly a days ride by bus from Santiago, and 4-6 hours to Puerto Montt. It is fairly centraly located.

However, if you are moving in to the gringo tourism market, you might look south of Pumalin Park. That is the hot spot with the Gringo tourist crowed and where they cheaper land is at.
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pumalin park

Postby el kayakista on Sat Nov 04, 2006 12:43 pm

pumalin park is in panguipulli?
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i see

Postby el kayakista on Sun Nov 05, 2006 8:16 am

pumalin park is just north of the Futa. the place is huge where it encompases approximately 700,000 acres or hectares, i think (http://www.parquepumalin.cl/content/eng/index.htm). i've never been there and don't know how the area is like, but like any other places with parks usually they end up being suffeciently successful.

i know how the futa is like since i've been there and stayed there awhile and i thought that was kind of remote. it sure did have that tranquil feeling as if you were on cloud 9 the majority of the time. at least that's how i felt while walking on the gravel road back into town or walking drunk from the barn club not too far from the corner bus stop. although the activities < NO EMAIL > the futa are endless, there isn't a direct road just yet, no cheap internet in those areas, and so therefore i'm a bit hesitant about the area. i think staying in the IX region would be the best thing for me and my endeavours.

i didn't get to stay for very long in puerto montt, but i hear there's some really nice homes in those areas apart from it being a port city. WOW, DECEMBER is just around the corner and i'm going to be on that plane to chile, yea!!!
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keep us updated

Postby admin on Sun Nov 05, 2006 8:36 pm

Yea, keep us updated on your trip. My wife and I will be relocating to Futa for the summer, but will be bouncing back and forth to our place in Temuco, and other locations in Southern Chile.

Yea, Futa is very remote, but getting less so everyday. Internet prices are not bad now, and the road direct to Chaiten is making real progress. It will cut the drive to Chaiten down to 45 mins from the current 3 hours. That would make it 1 hour from Argentina, through Futa, to Chaiten.

Also rember that there is a jet airport about 1.5 hours from Futa inside Argentina. In some ways, it may be cheaper to reach Futa internationaly than trying to fly through Santiago to Puerto Montt as you can fly inside Argentina where they have cheap fuel.

I think Futa is more a place to think about in terms of longterm, say 10 years from now, as a place to live year around. However for the summer, I think it is one of the best because of the lack of crazy Santiago Chilean tourist crowd. It does not fill up with drunken teens like Pucon.
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teenagers

Postby el kayakista on Tue Nov 07, 2006 1:25 am

charles

i would have to disagree with you in the teenagers in futa or the ones visiting. they get quite aggressive after geting their drinks on. i know, i've gotten into a fight with one of them while down there. competition for women down there is quite competitive as well. you might want to move this to a different subject because this doesn't really fit. oh yes, i charge for a 750 word summary for the cost of a bottle of wine. :D
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Pucon charm

Postby admin on Mon Nov 13, 2006 3:24 am

I think Pucon in the summers has all the charm of Bella Vista on a friday night. The only diffrence is beer is cheaper and the music is better in Bella Vista, Santiago.
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Re: Panguipulli chile real estate

Postby el kayakista on Thu Nov 16, 2006 11:19 am

admin wrote:We know of one parcel in Panguipulli for 10,000,000 pesos for sale. It sits on a hill about 5 mins from Panguipulli. With the right windows you would have a view of 3 volcanoes on all sides and the lake.


hey charles-you mentioned this location to me before. do you know if the terreno has luz y agua running through the land? i'm just wondering if that would be another overhead for something like that. btw-how much would it cost to have electricity y water running thru a newly purchase land if it doesn't have any?
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