These are the main reasons why you should consider Bogota as a location for your investment:
1. A Large Market with Broad Access to International Markets
Companies located in Bogota have direct access to the US$286 billion Colombian market - one of the largest, most dynamic markets in Latin America - and to an extended market of US$40 trillion, and 1.4 billion people thanks to several international trade agreements Colombia enjoys.
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2. A Strategic Location with Excellent Air Connectivity
Bogota is strategically located at the center of the Americas - five hours by plane from New York, Mexico City and Sao Paulo - and has excellent air connectivity, with several daily nonstop flights to all major cities in the Americas. Thanks to its location and air connections, many companies have chosen Bogota for their regional headquarters, shared service centers and logistical hubs to serve Latin America.
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3. A Scalable, Skilled Workforce
Bogota’s young, skilled, 4 million strong workforce ensures the scalability of any operation. The city’s 115 institutions of higher education enroll over 452,000 students and graduate 70,440 professionals and technicians per year. In addition, Colombia has one of the most flexible labor regimes in Latin America.
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4. Competitive Costs
In comparison with other major cities in Latin America, Bogota has a competitive cost structure. Given the quality of human resources and operating environment, it offers an excellent cost-benefit ratio.
Colombia: one of the best business environments in Latin America
In the past decade, Colombia has single-mindedly focused on improving its business climate. As a result, inward Foreign Direct Investment (FDI) has been soaring. In these uncertain times, Colombia is seen by investors as a dependable, stable place to operate.
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Bogota: One of the Top Cities to Do Business in Latin America
Bogota is ranked as one of Latin America’s leading business centers – along with Sao Paulo, Miami, Santiago, Mexico City and Buenos Aires. According to the latest annual América Economía ranking in 2010, Bogota is the eighth best city to do business in Latin America.
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Attractive Incentives
As part of reforms to make business conditions more attractive, Colombia and Bogota offer attractive incentives for investment, including Free Trade Zones and income tax deductions.
Bogota has a high quality, worry-free operating environment. There is a plentiful supply of quality, cost competitive office, warehousing and manufacturing space. The city has redundant telecom connectivity and excellent utilities. The city is a major land and air cargo transportation center and a natural logistics hub for Colombia. Finally, Bogota offers all the corporate services needed by investors.
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7. Surprising Quality of Life
Bogota boasts a pleasant year-round, spring-like climate and plenty of green spaces. The city has a wide range of cultural events and a bustling restaurant, café and nightlife scene. It is also one of the safest large cities in Latin America. Easily accessible surrounding areas offer an innumerable range of tourism and recreational options.
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8. Strategic Sectors
Bogota has several high potential strategic sectors, including:
