These are the best reasons why you should invest or do business in Colombia, a destination full of opportunities.
Thanks to the fact that it is the only nation in South America with coasts on the Atlantic and Pacific oceans, it has borders with Venezuela, Ecuador, Brazil, Panama and Peru. Its ports on the Atlantic and Pacific coasts connect the country with the United States, Europe, Asia, Latin America and the Caribbean, while its strategically connected land routes position the country as the gateway to South America.
Due to the positive result of the Colombian economic and financial behavior, Moody's, Fitch and Standard & Poor's gave it an investment grade. This was granted for its good track record in paying its debt, the increased credibility of its macroeconomic policy, and its ability to deal with internal and external shocks. The World Bank ranked this nation as the 13th country in the world and the first in Latin America in terms of investor protection.
Due to the current health emergency, the structure of international trade has been transformed, leading to a regional concentration of value chains. Due to the above and thanks to its privileged location, Colombia has positioned itself as a strategic point for the regional supply of reliable and quality goods and services, since it is less than 6 hours by plane from the main cities of the continent. Additionally, the nation efficiently takes advantage of its network of trade agreements, which allow preferential access to more than 60 countries and 1,500 million consumers around the world.
Robust technological system
According to the publication of the Colombia CO Government page, the country has a developed technological ecosystem, since its infrastructure allows it to position itself as the second country in the region with the best connectivity, transmission and stability, connecting 98% of its municipalities with the world, through fiber optics.
Given that the National Government sees the digital revolution as an important growth engine, it has decided to implement new policies, conventions and agreements to manage the digital transformation of its country, as well as support the creation of the first Center for the Fourth Industrial Revolution (C4RI) from Latin America that is part of the World Economic Forum network.
Qualified human talent
Colombia has an economically active population of 23.1 million citizens, which continues to increase annually. In addition to having one of the most effective labor regulations in force in South America, the country has an active population where 55% are under 30 years of age.
Connection and access to international markets
Colombia has built extensive trade relationships around the world. It has more than 9,700 companies that export to 181 countries. In addition, the country currently has 16 trade agreements (including free trade agreements and partial scope agreements), ranking fifth in number of agreements in Latin America, behind Chile, Peru, Panama and Mexico.
Emerging market economy
According to The Economist Intelligence Unit, Colombia currently ranks 27th among the world's economies and is expected to continue to be one of the fastest growing for the next two decades.
Considered the third largest country in Latin America, Colombia has 49 million inhabitants and ranks 24th in the world in terms of population and the second largest Spanish-speaking nation in the world.
Unlike other emerging economies and most Latin American countries, the country has benefited from a very stable inflation rate that has hovered around 3% for many years.
Government committed to foreign investment
Thanks to the political stability and sound institutions, Colombia has become one of the most politically stable markets in Latin America.
During the last two decades, the government and the private sector have successfully cooperated to simplify laws and procedures in order to promote international investment. This is how the country currently has one of the most competitive investment areas in Latin America, offering incentives such as a 15% tax on income, the absence of customs contributions, 33 permanent free zones, 69 special free zones and the possibility to participate in the local market. According to JP Morgan estimates, the country will be the third most attractive nation for investment in Latin America in the coming years.