Comparison table for Argentina, Mexico, Colombia, Chile, Brazil and Peru: timezone, cost of living, taxes, banking access and real conditions for remote freelancers.
Compare the 6 most important countries in LATAM to decide where to live (or how to plan your remote career).
| Country | Timezone | Cost of living | Freelance tax | USD banking | Overlap with USA/EU |
|---|---|---|---|---|---|
| 🇦🇷 Argentina | UTC-3 | Low | ~20-27% (monotributo/autónomo) | Payoneer, Wise, USDT/crypto | Good with EST (4-6h overlap) |
| 🇲🇽 Mexico | UTC-6 / UTC-5 | Medium | ~16% ISR + VAT simplified regime | USD HSBC account, Payoneer, Wise | Excellent with USA (same zone) |
| 🇨🇴 Colombia | UTC-5 | Low | ~8-12% simplified regime | Payoneer, Bancolombia USD, Wise | Excellent with EST (same zone) |
| 🇨🇱 Chile | UTC-4 / UTC-3 | Medium-high | ~10% global complementary tax | USD BCI account, Payoneer, Wise | Good with EST (1-2h difference) |
| 🇧🇷 Brazil | UTC-3 | Medium | ~6-27.5% MEI/Simples Nacional | Paypal, Payoneer, Wise (complex) | Good with EST (3-4h overlap) |
| 🇵🇪 Peru | UTC-5 | Very low | ~8% special tax regime | Payoneer, Wise, Kambista | Excellent with EST (same zone) |