Latin America has grown globally as a diverse and attractive destination for investors who want to expand globally and take their business to the next level. Latin America is made up of countries such as Peru, Argentina, Colombia, Brazil, Mexico and many others where the local population is highly educated, the government appreciates foreign participation in a plurality of sectors and natural resources are abundant.
Do you know that many of the best business opportunities are now available in Latin America? This is possible thanks to the tremendous economic development in many of the Latin American jurisdictions. See now some data on the commercial environments of Latin America, discovering possible investment opportunities:
- Colombia is one of the largest producers of Arabica beans in the world.
- Mexico has claimed to be the seventh largest automotive sector on the planet.
- Peru is “in favor of development” regarding its mining field.
- Chile leads the way in non-conventional renewable energy sources.
- The new president of Brazil is very “pro-business”, which promotes FDI in the area.
Investing in Latin America can be an integral part of your global expansion plans.
Investment opportunities in LATAM
Another aspect that makes Latin American markets so attainable is their determination to participate in global markets. This can be seen through legislative changes (for example, the creation of the simplified share company in Argentina) and through the creation of multiple regional trade agreements, for example, the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership – ‘CPTPP’.
This impulse from the national governments of many Latin American countries means that Latin America is very “open to business” and welcomes international investors seeking to enter local markets.
Colombia continues to be one of the most popular areas of Latin America in terms of investment, and the nation has experienced steady economic growth and development over the past decade. The coffee produced in Colombia is in great demand from countries around the planet and is the only country in South America with direct access to both the Pacific Ocean and the Caribbean Sea, a perfect destination for commercial companies. Colombia is an attractive economy where legislation allows full foreign ownership and where there are cheap operating costs and limited capital controls.
In addition to this, the World Bank classifies Colombia as one of the most business-friendly areas in the region, as well as countries like Chile and Peru.
Chile is the country with the best living standards in Latin America and the nation has a highly educated local population, with many locals who speak English fluently. Many investors choose to establish a commercial presence in Chile due to their low levels of corruption.
Mexico is rated as a great investment destination due to its human talent that dominates a wide range of services and also industries. A company in Mexico can operate with reduced manufacturing costs, high quality service with partially low labor costs compared to Europe, the U.S. or Canada.
Above are only some of the countries that are highly classified as investment destinations in Latin America. In addition, countries such as C. Rica and Panama are favored by foreign companies.
Given its geographical location, the United States is a leading trade partner for Latin America, with large volumes of imports and exports, in addition to well-developed relationships with most areas. With NAFTA two signed by the USA. The US, Mexico and Canada (called the USMCA Pact – USA-Mexico-Canada, or USMCA), trade between Mexico and the powerful countries of North America is expected to increase and has produced much … it required investor confidence for Mexico.
Configuration and establishment
The configuration and establishment of companies in Latin America are relatively simple; Contradictory with many popular opinions. Investors come from each and every corner of the planet and see Latin America as a region full of occasions. In most Latin American jurisdictions, one hundred percent foreign ownership is allowed, there are limited capital controls and local businesses can sponsor visas of foreign persons.
There are some minimum legal requirements that all Latin American companies must meet. With the intention of ensuring complete corporate compliance, it is advisable to work with a local partner that can assist you with each and every compliance issue, ensuring that your company is in good standing with local authorities.
Local Support – The Key to a Successful Market Entry
Latin America continues to grow as a region full of commercial opportunities and with limited barriers to entry. Foreign businesses from around the globe have experienced commercial success in Latin America and new businesses are entering the various markets at an astounding rate to take advantage of all that the region has to offer.
Before entering one of the Latin America markets, it is best to consult with local experts who can guide your business venture during its initial stages of operations. Biz Latin Hub has offices in all key Latin America markets and is the trusted partner of many foreign companies who have expanded their operations abroad.