Colombia: One of the Best Business Environments in Latin America and one of the most competitive 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.
A Business-Friendly and Stable Economy
According to the World Bank’s 2019 Doing Business survey, Colombia has the third business environment in Latin America, after Mexico and Chile.
Ease of Doing Business (2019)
Economies are ranked on their ease of doing business, from 1-190. A high ranking on the ease of doing business index means the regulatory environment is conducive to the operation of a business.
Thanks to this stable, investor-friendly environment, FDI inflows have soared in the past few years. In 2018 the FDI inflows were US$ 11.53 billion.
Source: Central Bank, Balance of Payments.
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 for investment in Latin America.
Growing Foreign Trade
Thanks to trade liberalization measures, Colombia’s foreign trade reached US$90 billion in 2018.
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)-.
Source: Fdi Magazine, American Cities of the Future 2019-2020
Significant Foreign Direct Investment
Between 2008 to 2018, Bogota-Region has received approximately US$22,200 million in foreign direct investment. The number of invest projects were mainly in Business Services (14%) and Software & IT Services (13%).
Process: Invest in Bogota based on information from fDi Markets, ProColombia, Invest in Bogota and company websites. * Greenfield investment and expansion.
Between 2008 to 2018 United States, Spain, France, the UK, Chile, and Argentina were the principal source markets of the foreign direct investment in the Bogota Region.
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)
Source: Chamber of Commerce of Bogota, Department of Studies and Research based on information from Merchandise Register
Updated (mm/dd/yyyy): 01.18.2020