Colombia host more than 250 American companies, including manufacturing sector, technology, private capital funds, tour operators, and finance sector. This is just a glimpse of the investment climate and business opportunities offered in the south American country.
The recent change of government also settles the perfect context por change. About this matter the minister of trade, industry and tourism, José Manuel Restrepo said “We are committed to our future and we now showcase to the world more opportunities for investment, generating productive projects, growth, and exports to third markets. The United States is a strategic partner in this purpose, and its support and trust have been very important for our country”.
The U.S is the primary commercial partner for Colombia; concentrating 30% of international sales, it is the main destination for Colombian exports.
The country also has the prevalent origin of inbound tourism, with more than 530,000 travelers per year; and the largest investor, amassing US $35,269 million in capital since 2000 to the first semester of 2018.
All this great number turn Colombia into the center of attraction for the investment community and gives investors positive expectation.
According to Flavia Santoro, President of ProColombia, the country’s effort is focused in getting more American companies to leverage the advantages that Colombia offers as an investment destination, given the potential of the domestic market with a population of nearly 50 million, tax incentives that boost investment, and its strategic geographic location for exports to third markets.
Colombia can back up this investment flow thanks to it growing economy. The south American country will be one of the countries with highest growth in Latin America in 2018, with a GDP 2.7% above Mexico, Argentina, and Brazil, and GDP per capita forecasts of US $18,227 by 2022, according to the International Monetary Fund (IMF).
Colombia ranked third has the most business-friendly country in the region, and second in the ranking of the IMD with the most skilled workforce in South America.
Colombia’s numbers are not the only one increasing. It looks like Latin America economy will growth thanks to the effort of countries like Perú and Chile.
Great changes have allowed businesses to invest in Latin America. You can effectively set up a new business in Argentina, Belize, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, México, Panamá, Perú and Uruguay with just a couple of days’ notice. By finding a local partner and having access to 24/7 help with your expansion plan, you can expand globally and enjoy the benefits of territory.
According to a report featured in the Management Journal, by 2030 more than $1 trillion US dollars of potential profit can be tapped into across Latin America and the Caribbean region from green and sustainable businesses.