For Subscribers

Why You Might Want to Start Your Business Overseas

Foreign programs are funding a new breed of expats.

learn more about Michelle Goodman

By Michelle Goodman • Mar 30, 2015

Opinions expressed by Entrepreneur contributors are their own.

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 business 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 Chile, 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 Santiago and a steady stream of introductions to the country's business elite, including potential investors and partners.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

Frontier Airlines Just Announced Its All-You-Can-Fly Summer Pass for $399. What's the Catch?

As travel begins to pick up, the airline hopes unlimited travel will jumpstart its business.

Making a Change

5 Principles for Dealing With Constant Change

Build competencies for adaptability into your company or risk losing your way in an ever-fluid marketplace.

Marketing

What Millennials Really Think About Product Life Cycle, As Told By A Millennial.

Millennials have come into significant purchasing power, and I know how you can capitalize on that.

Business Ideas

55 Small Business Ideas To Start Right Now

To start one of these home-based businesses, you don't need a lot of funding -- just energy, passion and the drive to succeed.

Money & Finance

How NFTs Work — and How They Could Prove Profitable for Your Business

NFTs seem to be all the rage these days, but can they actually work for most businesses?