How Latin America could benefit from the US' anti-immigration stance
Business Management

How Latin America could benefit from the US' anti-immigration stance

Visa woes continue to haunt Indian IT firms in the US as a result of immigration-related uncertainties under the Trump administration, according to a recent Business Standard report. With ongoing uncertainty about H1-B visas and general anxiety about the immigration climate in the U.S, tech companies are looking for alternatives and Latin America is stepping up to offer them.

Start-Up Chile for example offers a tech visa that takes little more than two weeks to process in its entirety. When it was first introduced, Nathan Lustig, managing partner of Magma Partners, a seed stage investment fund and accelerator based in Santiago, Chile, described it as a game changer.

At the time, he wrote: "Younger workers love the flexibility to work from the US office and the Chilean office as needed and it's been a recruiting advantage to attract top global talent." He added that it would encourage the growing trend of "top US and European start-ups that are moving to Chile or opening offices to build international teams to compete globally".

And Chile is not the only Latin American country to look to leverage the United States' anti-immigration stance to its own advantage. It looks like Latin America is seeking to benefit from the situation and further develop its tech talent and innovation ecosystem.

Attracting foreign talent and investment

Fragomen Partner Leonor Echeverria says that in the last several years, Latin American governments have taken important steps to attract foreign investment and foreign talent in the technology industry and have been quite successful, even turning cities such as Medellin, Colombia, and Guadalajara, Mexico into global technology hubs.

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Bianca Wright

Bianca Wright is a UK-based freelance business and technology writer, who has written for publications in the UK, the US, Australia and South Africa. She holds an MPhil in science and technology journalism and a DPhil in Media Studies.

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