Punta Arenas (or Sandy Point in English) is the capital city of Chile's southernmost region, Magallanes and Antartica Chilena. The city was officially renamed as Magallanes in 1927, but in 1938 it was changed back to "Punta Arenas". It is the largest city south of the 46th parallel south. As of 1977 Punta Arenas has been one of only two free ports in Chile.
Located on the Brunswick Peninsula north of the Strait of Magellan, Punta Arenas has all kind of facilities, in particular an abundance of banks, shops, supermarkets, pharmacies, hiking gear shops, a mall and a duty free zone called "Zona Franca".