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Home Invest in bogota
Bogotá
GMT -5

01:00 pm

New York
GMT -5

01:00 pm

L. A.
GMT -8

10:00 am

Tokyo
GMT +9

03:00 am

Sydney
GMT +11

05:00 am

London
GMT +0

06:00 pm

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Next
  1. Home
  2. Why Bogota?
  3. Business Climate in Colombia and Bogota-Region

Business Climate in Colombia and Bogota-Region

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Important information about Covid-19

  • Learn about the most relevant regulations for the business sector issued by the National Government in the midst of the Covid-19 juncture.
  • Learn about the regulations and biosecurity protocols issued by the government and the district.
  • Learn about the district's regulatory environment, information that is beign updated weekly.

 

A Business-Friendly and Stable Economy

Colombia: One of the Best Business Environments in Latin America and one of the most competitiveness countries in the region.

In the past decade, Colombia has single-mindedly focused on improving the business climate. As a result, inward foreign direct investment (FDI) has been soaring. Colombia is seen by investors as a dependable, stable place to operate.
 

According to the World Bank’s 2020 Doing Business survey, Colombia has the third business environment in Latin America, after Chile and Mexico.


Ease of Doing Business (2020)

Is and index that compares 190 economies worldwide measuring the ease of doing business based on business regulation and property rights protection 

Ease of doing business
 

Booming Investment

Thanks to this stable, investor-friendly environment, FDI inflows has soared in the past few years. In 2019 the FDI inflows were US$ 14,493 million.


FDI Inflows to Colombia (2009-2019)
FDI inflows to Colombia


In fact, according to investment trends, Colombia is one of the largest recipients of FDI in Latin America, which sets it as one of the best countries to invest in Latin America. 


FDI in Latin America (2018 - 2019)
 
FDI in Latin America

Growing International Trade

Thanks to trade liberalization measures, Colombia’s international trade reached US$ 93 billion in 2019. 


Colombia's International Trade (2009-2019)
Colombia's international trade


Business Climate in Bogota Region

Bogota Region: One of the most competitive Cities with an excellent Climate to Do Business in Latin America

Bogota is ranked as one of the cities of the future. Bogota has the third place of the ranking of Latin America’s cities of the future - fDi Magazine 2019 – 2020-. 

Cities of the future


Significant Foreign Direct Investment

Between 2009 to 2019, Bogota-Region has received approximately US$20,796 million in Foreign Direct Investment Greenfield. The number of invest projects were mainly in Business Services (15,2%) and Software & IT Services (13,2%).  


FDI* by economic sector (2009 - 2019)

FDI by sector


Between 2009 to 2019, United States, Spain, France, UK, Argentina and Chile were the principal source markets of the foreign direct investment in Bogota Region.


Share of FDI* in Bogota Region by Country of Origin (2009-2019)
Share of FDI in Bogota by country of origin

As one of the major business cities in Latin America, Bogota has great opportunities to invest. Today, there are more than 1,500 foreign capital companies in the city. 


Foreign Capital Companies in Bogota (2002 - 2018)
Foreign companies in Bogota

 

Updated (mm/dd/yyyy): 01.12.2021

Why Bogota?

General facts and figures of Bogota

Business Climate in Colombia and Bogota-Region

Strategic Location of Bogota

Market Access from Colombia and Bogota

Workforce in Bogota

Operating Environment in Bogota

Attractive Incentives in Bogota

Quality of life in Bogota

Investor Information System

Smart Specialization in Bogota-Region

Contact an advisor

Contact Invest in Bogotá to receive all the information and advice you need to invest in Bogota and Colombia.

Mauricio Romero
Mauricio Romero
Strategy and Special Projects Manager
mromero@investinbogota.org
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Need more information?

Contact Invest in Bogota to receive all the information and advice you need to invest in Bogota and Colombia.

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