Business Climate in Colombia and Bogota-Region
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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
Thanks to this stable, investor-friendly environment, FDI inflows has soared in the past few years. In 2020 the FDI inflows were US$ 7,690 million.
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.
Growing International Trade
Thanks to trade liberalization measures, Colombia’s international trade reached US$ 74 billion in 2020.
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 second place of the ranking of Latin America’s cities of the future – fDi Magazine 2021 – 2022).
Bogotá has been classified as one of the cities with the best strategy for attracting foreign direct investment. Bogotá ranks eighth in the ranking of cities of the future of America by fDi Magazine (2021 – 2022).
Significant Foreign Direct Investment
Between 2010 to 2020, Bogota-Region has received approximately US$20,612 million in Foreign Direct Investment Greenfield. The number of invest projects were mainly in Business Services (19%) and Software & IT Services (14%).
Between 2010 to 2020, United States, Spain, France, UK, Germany, and Canada were the principal source markets of the foreign direct investment in Bogota Region.
As one of the major business cities in Latin America, Bogota has great opportunities to invest. Today, there are more than 1,300 foreign capital companies in the city.
Updated (mm/dd/yyyy): 01.06.2022
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