Who Does America Play Next In The World Cup 4 Of The Best Regions To Do Business Development In Latin America

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4 Of The Best Regions To Do Business Development In Latin America

Since the days of European colonization starting with Christopher Columbus and the voyages of Hernando Cortes and Francisco Pizarro, foreigners have always had a connection with the countries of the western hemisphere. It is still true today, even though the days of conquest are long gone. This region is one of the world’s most valuable markets and with many of its countries promoting foreign investment, this may be the best time to start developing a business in Latin America. All kinds of international companies, and new businesses too, choose to set up shop in Central and South America. Here are four of the best regions in which to do business.

Brazil

Host of the 2016 Summer Olympics, Brazil is the world’s fifth largest country in terms of population. It is the largest in Latin America and offers a huge market for foreign businesses looking to expand into the region. The country is one of the fastest growing economies in the world and is now the seventh largest in the world in terms of nominal Gross Domestic Product. It will continue to grow and will be boosted by the hosting of the Olympic Games and also the 2014 World Cup soccer tournament. The number of millionaire households in Brazil is expected to reach 1 million by 2020.

Panama

Panama’s economy has always been linked to its strategic location and the Panama Canal. This is still true today, however, when it comes to business development in Latin America, Panama is one of the leaders in the region. He established the Colon Free Trade Zone, which has become the largest free trade zone in the western hemisphere. Companies doing business in the free trade zone get all kinds of benefits from the Panamanian government. Those incentives include corporate tax breaks, no income tax, and no real estate property taxes. Businesses looking to expand should give Panama a good, hard look.

Colombia

While Colombia may not seem to be making the nightly news reports as a global business power, that may soon change. After recovering from recession in 1999, Colombia’s economy has expanded rapidly and GDP is now the third highest in South America. The country is rich in natural resources such as petroleum and coal and is the main source of the world’s emeralds. With a population of more than 47 million and technology expanding throughout the country, Colombia can become a major player in the region’s economy.

Argentina

It is one of the leading G-20 economies in the world. Argentina has always played a leading role in business development in Latin America with its rich natural resources and highly literate population. The country has the third-largest economy in the region and foreign investment in Argentina increased by 27 percent in 2012. Manufacturing is the largest sector in the nation’s economy with most of that occurring in the Buenos Aires area. Aires. Almost 60 percent of the country’s homes have internet access, the highest in the region and that number will continue to grow.

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