Colombia Introduction Investment climate • local currency: Colombian peso (COP) • stable economy.
Quality of living • moderate inflation • moderate standard of living • low cost of living in the South America region.
Government’s focus on investor interest and sound macroeconomic fundamentals will ensure financial stability and certainty to foreign investors.
Located in the North-west South America region, Colombia has two sea-coasts (Pacific and Caribbean) which provide a tactical shipping advantage to various industries. Economic growth, political and economic stability are high on the agenda of the Colombian government for attracting the foreign investment. A free market economy, Colombia is rated as Latin America’s oldest and most stable democracy. According to the World Bank report ‘Global Economic Prospects’ Colombia is the fourth nation in the region with the best GDP in 2013. Colombia has established various free trade zones which offer the companies operating therein, a low corporate tax rate and other tax incentives. Colombia has various schemes for incentivising the scientific and technological development as well as innovation. Colombia has a vast reservoir of natural resources and is recognised to have the large coal reserves.
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