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Of course it's not like Chilean citizens won't see any of that money. The startup founders need places to sleep, to eat, hang out while they're not working, etc
by OmarIsmail 15y ago
Of course it's not like Chilean citizens won't see any of that money. The startup founders need places to sleep, to eat, hang out while they're not working, etc. I'd wager a substantial amount of that money will go right back into the Chilean economy.
It's actually a fantastic kind of stimulus (though on a very small scale obviously).
- jmonegro 15y agoAlso, I believe one of the requirements is that founders must hire locals. And I imagine they have to pay the nations taxes as well?
- nischalshetty 15y agoHiring locals is not a requirement. In fact, they hardly have any requirement apart from the fact that you need to spend 6 months in Chile.
- hugh3 15y agoThat's a great move by the administrators of the scheme. Not because hiring locals is a problem (though it very well may be depending on what skillset you need and the language barrier) but because the bother of administrating such a scheme is a huge bother for the startups. They are right to put as few barriers in the way as possible.
- herval 15y agoPlus we go to universities, mentor locals, hire people with above-local salary, organize events... It definitely helps the local scene in many different ways!
- herval 15y agoPlus we go to universities, mentor locals, hire people with above-local salary, organize events... It definitely helps the local scene in many different ways!