Chilean president Michelle Bachelet stated that this unique tech visa “is another incentive for foreign companies that choose Chile as their starting point to expand in Latin America.”
Michelle Bachelet announced this policy in last month “International Investment forum”, organized by InvestChile, in Santiago. Over there, along with reassuring the compromises and challenges related to investing in Chile, she surprised the audience with a special permit for those willing to invest in services related to “innovation and technology”.
The specific details are still on hold for announcement, but she explained that this Chilean Tech Visa will be given in not more than 15 days since the application, if all the requirements and procedures are filed correctly. An incredible upgrade compared to the 3 to 6 month waiting period that currently we must wait.
Also the president remarked that partners, business owners, investors and employees of technological services will be eligible, along with entrepreneurs willing to develop their business in Chile, via the Start-Up Chile acceleration program (www.startupchile.org), the world’s first and most famous “state-accelerator” initiative benefiting more than 1300 business and entrepreneurships.
If you are not familiar with Start-Up Chile, they define themselves as “A public startup accelerator created by the Chilean Government for high-potential entrepreneurs to bootstrap their startups and use Chile as a foundation. Today, Start-Up Chile is the leading accelerator in LATAM, among the TOP 10 globally, and one of the biggest and most diverse startup communities in the world. Start-Up Chile has been a global game changer. After it was created, 50 countries followed suit and created similar programs.”
In “Vivir en Chile” we celebrate the new “Tech Visa” as an incredibly efficient and useful tool for investment, which adds even more value to our business and entrepreneurship ecosystem. It is another proof of Chilean leadership in our region!
Article written by Matias Conejero Müller, attorney from Vivir en Chile.