Get $40k grant for your startup. Live in Chile for 6 months.

Post by andrewcooke » Fri, Jul 29, 2011, 11:32 PM UTC

econgeeker wrote: post #60

andrewcooke wrote: post #55

Earlier quoted context omitted.

tax on earnings are listed here - http://www.sii.cl/aprenda_sobre_impuestos/impuestos/imp_dire... - and the 40% rate applies to earnings over $12,500 a month (it's banded). there are also incentives for investment that count against that (so you invest the money in a pension fund, say, then that lowers your effective wage for tax purposes, i think (not completely sure)). the 35% tax is described here - http://www.sii…

"Additional tax applies to income derived from Chilean sources by individuals or entities not domiciled or resident in Chile, where the income is available from Chile to the person residing abroad. Dividends, withdrawals and / or repatriation of profits by corporations, partnerships or permanent establishments of foreign companies are taxed at the general rate of 35% additional tax." Note the word "additional". So, t…

Post by daimyoyo » Sat, Jul 30, 2011, 12:32 AM UTC

Post by gcb » Sat, Jul 30, 2011, 6:59 AM UTC

herval wrote: post #51

gcb wrote: post #46

Earlier quoted context omitted.

3-4k pesos per meal is already over 500k for one month, two people. meal price * people * two meals day * 30 days 3k * 2 * 2 * 30 = 360k other comments mention rent $300 (150~200k pesos?)

rent is not on that 350k limit (u can spend up to 600k a month in rent, which is enough for a pretty nice place - I currently pay 300k and live in the trendiest city in town) if you're bringing family here, don't expect to be able to feed everyone on restaurants two times a day, every day of the week. That's impractical on basically ANY city, if you have a family. Alas, if you're planning that, you should not even be…

Post by hercule » Sat, Jul 30, 2011, 5:25 PM UTC

thaumaturgy wrote: post #11

andrewcooke wrote: post #6

i live in chile, although i work for us companies. when this was announced i was pretty sceptical, but it does seem to be making a significant difference to the local culture. there is a lot more "buzz" - many more meetings, job offers, companies appearing. there's even a conference being organised - http://www.startechconf.com

Nice, you might be able to answer the number one question I have about this program: how do native Chileans feel about this? Is there a perception that they're being skipped over, do they feel negatively towards outsiders being brought in through this program, or are they generally positive towards it?

Post by andrewcooke » Sat, Jul 30, 2011, 6:17 PM UTC

hercule wrote: post #67

thaumaturgy wrote: post #11

Earlier quoted context omitted.

Nice, you might be able to answer the number one question I have about this program: how do native Chileans feel about this? Is there a perception that they're being skipped over, do they feel negatively towards outsiders being brought in through this program, or are they generally positive towards it?

Not a direct answer to your question, but: the program accepts Chilean entrepreneurs/startups as well as applicants from other countries. Which doesn't meant there can't be negative sentiment, but locals aren't barred from taking part and getting funded.