Tours Travel admin  

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

Since the days of European colonization beginning with Christopher Columbus and the voyages of Hernando Cortés and Francisco Pizarro, foreigners have always had an affinity for the countries of the Western Hemisphere. It is still true today, although the days of the conquest are behind us. This region is one of the most valuable markets in the world and with many of its countries promoting foreign investment, this may be the best time to engage in business development in Latin America. All kinds of international companies, and also start-ups, are choosing to settle in Central and South America. These are four of the best regions to do business.


The host of the 2016 Summer Olympics, Brazil is the fifth largest country in the world in terms of population. It is the largest in Latin America and offers a large market to foreign companies 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 reinforced 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’s economy has always been related to its strategic location and the Panama Canal. This is still true today, however, in terms of 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 that do business in the free zone receive all kinds of benefits from the Panamanian government. Those incentives include corporate tax breaks, no income tax, and no property tax. Businesses looking to expand should give Panama a good look.


While Colombia may not appear to be making the nightly news as a global business powerhouse, that may soon change. After recovering from a 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 oil and coal and is the world’s main source of emeralds. With a population of more than 47 million and technology that spreads throughout the country, Colombia has the potential to become a major player in the region’s economy.


It is one of the world’s leading G-20 economies. Argentina has always been a major player 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 grew by 27 percent in 2012. Manufacturing is the largest sector of the country’s economy and most of it occurs in the Buenos Aires area. Nearly 60 percent of the country’s households have internet access, the highest in the region, and that number will continue to grow.

Leave A Comment