Cundinamarca & Bogotรก: Bogota:
the Capital Region
Cundinamarca, department located at the center of Colombia, is now ranked as one of the main investment destinations in Latin America. The region is very attractive for foreign investment, due to its: • Dynamic economy • Pro-investment business environment • Strategic geographical location • Extended access to markets • Excellent operative surroundings • Offering of investment incentives • Excellent human resources • Quality of life • Variety of highly promising sectors • Amount of satisfied investors In addition to the above, it reckons with a world class entity that will facilitate your investment: Invest in Bogota & Cundinamarca.
a dynamic economy Cundinamarca and its capital, Bogota, make up the Capital Region, which has a population of 9.3 million and a GDP of US $62.5 billion, exceeding many countries in Latin America. GDP of the Capital Region* and of Some Countries of Latin America (2009)
90 80 70
60 50 40
10 0 Capital Region*
* The GDP figure for Cundinamarca was calculated as of the Department’s growth rate. Source: International Monetary Fund, World Economic Outlook Database 2010; DANE, Regional Accounts. Estimates made by Invest in Bogota & Cundinamarca.
It has a diversified economy…
…that has grown above Latin American average.
GDP by Sector (2007)
Economic Growth Average (2001 - 2009)
Financial and Real Estate services
Social and Commercial services
Trade, restaurants and hotels Industry Transportation and communication
Construction Agribusiness Other
Source: Chamber of Commerce of Bogota, Surveys and Research Directorate based on DANE’s information, Regional Accounts. Estimates made by Invest in Bogota & Cundinamarca.
Source: CEPAL, Latin America and the Caribbean Statistics Yearbook 2009; DANE, Regional Accounts. Estimates made by Invest in Bogota & Cundinamarca.
Courtesy: Opain S.A.
a clear exporting vocation and has received high flows of direct foreign investment The Capital Region is the main exporting region of non-traditional products from the country. Distribution of Exports, by Product (2010*)
Chemical products and substances Foodstuffs and beverages
Other transport equipment Motor vehicles Rubber and plastic products
Basic metallurgical products Refined oil products
4% 4% 4%
Textile products Fruits and vegetables Others
6% 5% 5%
*Corresponds to January - September 2010. Source: Chamber of Commerce of Bogota, Surveys and Research Directorate, based on information from DANE.
In addition, it is the greatest receiving region of foreign direct investment in Colombia not dealing with oil. Entry of FDI* (2006 - 2010**)
3 2 1
1.8 79% 81%
*It does not include investments in the oil sector or portfolio investments. **Corresponds to January â€“ September 2010. Source: Central Bank, based on investment records. Estimates made by Invest in Bogota & Cundinamarca.
Courtesy: Secretar铆a de Prensa y Comunicaciones, Gobernaci贸n de Cundinamarca
a pro-investment business surrounding In 2010 was the Latin American country with the best investment environment, according to the World Bank. According to World Bankâ€™s report Ease of Doing Business (2010)
Doing Business 2010, Colombia offers the most favorable
environment to make business
in Latin America.
According to the World
Argentina Costa Rica
Competitiveness Yearbook 2010
from the IMD, Colombia is the
fourth most competitive country 150
in Latin America.
In addition, it was the country The lesser the ranking the easiest it is to do business. Source: World Bank, Doing Business 2010.
that advanced the most positions in the region in this ranking.
According to CEPAL, the Capital Region is the most competitive region of Colombia. Capital Region
Index Source: CEPAL, Competitiveness Scale of the Departments in Colombia.
There are several daily flights from the Capital Region to the main cities of America and Europe.
The Capital Region is hours away by flight from New York, Mexico City and S達o Paulo
Flights from El Dorado International Airport, Bogota (2011) Destination
Flying time (hours)
Source: Colombian Civil Air Service, Aerocivil 2011.
Capital Region Population: 9.3 million GDP: US$ 62.5 billion
the companies have access to the world Companies located in the Capital Region have access to a US$ 228 billion Colombian market and to UD$ 36 trillion international markets that represent more than 1.3 billion people.
Commercial Treaties In force Andean Community Chile Mexico CAN â€“ MERCOSUR Agreement El Salvador, Guatemala and Honduras Canada
Continental market Population: 889 million GDP: US$ 19.4 trillion
United States European Union European Free Trade Association (EFTA)
Agreements under negotiation South Korea Panama
Colombia Population: 45 million GDP: US$ 228.6 billion
Andean Region Population: 102.5 million GDP: US$ 429.1 billion
Latin American Market Population: 548.2 million PIB: US$ 3.8 trillion
Expanded market Population: 1.3 billion GDP: US$ 35.6 trillion
Cundinamarca has In the Region there is a high supply of spaces in Free Trade Areas and Industrial Parks for investors. Permanent Free Trade
Main Industrial Parks in Cundinamarca
ZF de Tocancipa (Tocancipa) ZF Metropolitana (Cota) ZF Intexmoda (Cota) ZF Plic (Cota) Zofrandina (Gachancipa) ZF Occidente (Mosquera) ZF Ciudadela Salud (Sopo) Celta Trade Park Centro Empresarial Metropolitano Complejo Logistico Industrial Siberia Parque Terrapuerto P.I. Logika P.I. San Miguel P.I. San Jorge P.I. Potosi Terminal Terrestre de Carga P.I. San Antonio P.I. Santa Lucia P.I. San Jose
In addition, many companies have established Free Trade Areas in the Department.
Main Single Company Parks
In Cundinamarca there are 17 Free Trade Areas, equivalent to 20% of the total domestic Free Trade Areas
Paul Calley (Tocancipa) Siemens (Tenjo) Ceramica San Lorenzo Industrial (Sopo) Productos Familia (Cajica) Vidrio Andino (Soacha) Praxair (Tocancipa) Bio - D (Facatativa) Pepsico (Funza) Protisa (Gachancipa) Celta (Funza)
For further information about Free Trade Areas, consult Invest in Bogota & Cundinamarca.
an excellent operations environment for new investments Infrastructure in Cundinamarca is ideal to develop successful operations.
“Cundinamarca offers ample advantages as an investment destination: Access to the most important road corridors of the country for cargo movement towards both coasts, and to and from Bogota. Competitive land cost. Natural surroundings aligned with the company’s sustainability objectives, which promotes productivity. Support to the local Mayors and Governors for the implementation of initiatives for the development of the region as an industrial area, such as training of human resources in technical areas. Due to its development plans, the Savannah of Bogota is a very suitable area to implement and develop projects of sustainable technologies.”
Guillermo Zuluaga General Manager, Siemens Manufacturing S.A.
Land Connections Cundinamarca is connected by road to the Pacific and Atlantic oceans and to Venezuela and Ecuador.
El Dorado International Airport located in Cundinamarca handles the greatest volume of cargo in Latin America. Additionally, the region has Airport Santiago Vila of Flanders, which has a strategic location for the multimodal transport. The department government of Cundinamarca efforts to attract foreign investment so as to increase airport capacity.
Cundinamarca has redundant digital connections with 5 international submarine cables and with multiple operators, such as Telefonica, Telmex and Une.
Cundinamarca provides 40% of the country’s clean energy; it has a solid power infrastructure with World class suppliers, such as EMGESA and CODENSA (Endesa Group) and Gas Natural (Fenosa Union Group).
Water Cundinamarca provides 90% of the Capital Region’s drinking water.
Bogotรก tiene una temperatura promedio de 19ยบ C
attractive investment incentives Capital Region and Colombia offer a great variety of local and national benefits.
Free Trade Areas The Free Trade Areas regime of the country offers benefits such as: • A preferential 15% income tax rate. • Import of equipment and inputs without paying customs duties. • Purchase of inputs, capital goods or services without payment of VAT. • Possibility of selling to the local market. • Possibility of creating a single company free trade area, subject to requirements.
Deductions to income tax • Up to 125% of the investment in science, technology and innovations projects. • Up to 20% of the investment to control and improve the environment. • Up to 120% of the disabled employees’ salaries.
VAT exemptions Value Added Tax (IVA) exemption: 16%.
Industry and Trade Tax deductions and exemptions (ICA) • ICA deductions (up to 1.14% of gross sales) en in several municipalities of Cundinamarca. • ICA exemption for export of goods and services.
Bogotรก tiene una temperatura promedio de 19ยบ C
Courtesy: Universidad de la Sabana
Cundinamarca has abundant young and qualified human resources The Capital Region has a labor force of 5 million people, of which 3.9 million are in Bogota and approximately 780,000 are in large municipalities of Cundinamarca.
Labor Force of the Main Urban Centers and Development Poles of the Capital Region
“We decided to establish our headquarters in Cundinamarca, specifically in the industrial area road that leads to Siberia. Results have been phenomenal. We have found qualified human resources with excellent competencies in Customer Service and Sales. Access roads allow readily arrival of our staff transportation routes. Thanks to formal and non-formal academic training offered in the region, our personnel has the possibility to be trained in different fields of technology and communications”.
Bogota (3.9 million people) Cajica, Chia, Cota and Tenjo (109,658 people) Funza, Facatativa, Madrid and Mosquera (169,892 people) Soacha (233,210 people)
Carlos Antonio Mejía General Manager, Avanza Colombia SAS
Girardot, Tocaima and Fusagasuga (127,840 people) La Calera, Sopo, Tocancipa and Zipaquira (99,340 people)
Source: Departamento Administrativo Nacional de Estadística, DANE, Censo básico. Invest in Bogota & Cundinamarca estimations.
Career Graduates (2001 - 2009)
• 58% of the labor force is between 18 and 39 years of age. • There are 126 higher education
Economy, Administration, Accounting and related careers
2% 1% 5% 8% 8%
Social and Human Sciences
• 74,000 professionals graduate yearly
Health Sciences Education Sciences
• There are 452,000 higher education students.
Engineering, Architecture, Land Development and related careers
Math and Natural Sciences Agronomy and Veterenary
in the following areas: Source: Ministry of Education, Labor Observatory.
Bogota tiene una temperatura promedio de 19º C
Courtesy: Secretaría de Prensa y Comunicaciones, Gobernación de Cundinamarca
excellent quality of life Nature Cundinamarca extends over the Andes mountain range and this is why it has a wide range of climates, from tropical plains and mid climate zones to cool highlands and moors. Biodiversity in Cundinamarca is unique with more than 2,460 species of plants and animals. Likewise, the department has significant water reserves that supply Bogota and the center region of Colombia. Cundinamarca is a haven for birdwatchers, orchid enthusiasts and other nature lovers.
Tourist attractions and recreation Cundinamarca offers a great variety of attractions, including the impressive Salt Cathedral of Zipaquira, beautiful colonial towns, lakes and natural reserves, and warm weather resorts. The Department has a varied local cuisine, based on its rich produce. Several villages on the outskirts of Bogota have become vibrant centers of dining and nightlife. There are countless opportunities for hiking, mountaineering, sailing and other outdoor sports.
In addition to all this, the region has ecotourism circuits all around its sacred lakes, indigenous and colonial roads and trails, and architectural monuments, town squares and urban sites with great historic background and cultural heritage. In Cundinamarca you can practice extreme sports such as canoeing, rafting, paragliding, as well as cyclocross, motocross and campercross racing, among others.
Housing Thanks to its green environment, quality infrastructure and competitive costs, Cundinamarca offers a high quality environment for business and housing. Well-known companies have set up operations in the department in recent years and a large number of luxury housing projects and leisure venues have been built.
Security Cundinamarca is one of the safest departments of Colombia with a rate of only 15 homicides per 100,000 inhabitants, well below figures in the rest of the country (39.4 homicides per 100,000 inhabitants).
Photo: Javier Casallas
Manufacture A great local market, access to international markets,
strategic location, excellent infrastructure,
specific experience, qualified human resources and
qualified human resource and competitive
competitive costs make of Cundinamarca the ideal
costs make of Cundinamarca an ideal place for
place for the production of:
logistics and transportation operations.
• Vehicles and auto-parts
• Cosmetics • Electrical appliances • Processed food
Ample experience, great availability of qualified human resources, competitive costs and strategic near-shore location make of Cundinamarca a competitive place for services, such as:
• Consumer products • Medical and pharmaceutical items
• Aircraft maintenance
• Plastic and chemical items
• Production of audiovisual aids
• Educational services • Offshore services: call center services,
Logistics and transportation
non-voice BPO and TIC
The growing local and international demand, its
• Household public utilities, water and power
highly competitive sectors
A great local market originated in Bogota, an increasing number of visitors from all the World, qualified human resources and competitive costs make of Cundinamarca an ideal destination to invest in:
Cundinamarca has important mineral reserves,
• Hotels / Convention Centers • Medical Tourism • Vacation Centers • Social Centers for retirees • Adventure Tourism
such as coal and emeralds.
Farming industry Highly productive land, unique species, ample local market, access to international markets, qualified human resources and competitive costs for logistics and transportation make of Cundinamarca an ideal place for: • Biofuel
Corporate infrastructure The Capital Region is becoming one of the main
• Natural components for cosmetics and
business destinations in Latin America. You can
• Dairy products
find many corporate infrastructure investment
• Flowers and foliage
opportunities, such as hotels; distribution and
• Fresh and processed fruits and vegetables
logistics operations; industrial parks; and free
• Territorial denomination
• Green markets
In the latest years, large multinational companies have decided to establish operation in Cundinamarca:
Invest in Bogota & Cundinamarca We are the investment promotion agency for Bogota and Cundinamarca, a public-private partnership between the Bogota Chamber of Commerce, the Bogota City Government and the Government of Cundinamarca. Our mission is to support investors that are exploring opportunities in Bogota and Cundinamarca. In 2009 we were ranked as the top non- OECD investment promotion agency in the world by the World Bank. We have a multidisciplinary team with sector-specific expertise, which allows us to provide prospective investors with value added advice and information. We offer, free of charge, and in absolute confidentiality, services for investors during each stage of their investment process.
Exploratory Phase: • General, sector and company specific information. • Coordination of fact-finding visits. • Meetings with government and regulatory authorities. • Visits to existing investors. • Meetings with professional service firms. • Meetings with educational and training institutions
Start-up Phase • Advice during start-up. • Support with permits and regulations. • Contacts with potential suppliers, clients or partners. • Development of tailor made training programs, including Talk to the World, the city’s English language training program.
Operational Phase • Follow up of your company’s development. • Support in reinvestment-related activities. • Networking with other companies. • Continuous monitoring and improvement of business climate.
Please contact us at: Email: email@example.com Phone: +57 (1) 742-3030 Fax: +57 (1) 742-3050 Address: Carrera 7 no. 71-21, Torre B, Suite 901, Bogota, Colombia. www.investinbogota.org Follow us on Twitter: @investinbogota “Like” us on Facebook: www.facebook.com/investinbogota
Published on Jun 16, 2011
Published on Jun 16, 2011
Cundinamarca, department located at the center of Colombia, is now ranked as one of the main investment destinations in Latin America.