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Why You Might Want to Start Your Business Overseas

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This story appears in the April 2015 issue of Entrepreneur. Subscribe »

By the time he was a senior at the University of Wisconsin in 2009, Nathan Lustig’s startup had customers, revenue and national press. But the company, a digital estate-planning service called Entrustet, lacked a scalable model and had yet to turn a profit.

That’s when Lustig and his co-founder, Jesse Davis, made a bold move. Presented with an opportunity to join Start-Up , a program the Chilean government launched in 2010 to attract entrepreneurs to the country, they leapt at the chance. Under the program, Lustig received $40,000 in equity-free capital, a one-year work visa, office space in and a steady stream of introductions to the country’s business elite, including potential investors and partners.

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