Chile Buys U.S. Entrepreneurs

The government of Chile is recruiting American entrepreneurs to spend six months starting a business in Santiago, offering each candidate $40,000 and a one-year visa to the country. “Unlike US micro-incubator programs, Chile doesn’t want an equity stake in the company, says the program’s director Nicolas Shea Carey. They simply want US entrepreneurs to live in Chile, get to know the country and share a global perspective with Chilean entrepreneurs, while they’re working on the early phases of their business. ‘The minute you step onto Chilean soil there will be a mentor waiting. We’ll help you open bank accounts, connect you to all the engineers and the engineering schools,’ says Carey. Entrepreneurs will only be asked to stay for six months in exchange for the $40,000 but they’ll receive a one-year visa should they decide to stay longer.”