Chile is LatAm's Most Entrepreneurial Nation

If you're an entrepreneur and want to start a business in Latin America, Chile is the country for you. With over 158K new companies started in just 2020, the "country of poets" has one of the highest entrepreneurship rates in the world.

Over the last 30 years, Chile has evolved from a military dictatorship into one of LatAm's most prosperous nations. The country’s stability and relatively low cost of living have made it a prime destination for foreign investment and entrepreneurs, which is crucial for any region's tech sector. While Chile may not have the same levels of venture capital as nearby countries like Brazil or Mexico, it does have a robust entrepreneurial culture.

There are a few reasons why Chile has been nicknamed "Chilecon Valley." For one, the country ranks among the top in strong property rights, enforceable contracts, judicial system effectiveness, and government integrity; factors that make it easier to do business there. Additionally, Chilean companies enjoy some of the lowest levels of corruption and regulatory burdens in the region. This means that starting a business in Chile is relatively easy compared to other countries in Latin America.

What's more, Chile has been investing heavily in its startup ecosystem over the past few years. The government provides tax breaks and grants to startups while incubating them through accelerator programs like Start-Up Chile, which launched in 2010.