Invest in Colombia

Investment Opportunities in Bogotá D.C. - Cundinamarca

Investment Map Bogotá - Cundinamarca - Colombia

 

Cundinamarca - Bogota: Center of opportunities

  • Average temperature: 19°C
  • Population in Cundinamarca 2015 (not including Bogota): 2.680.041 inhabitants
  • Bogotá population 2015:  7.878.783 inhabitants
  • Cundinamarca GDP 2014: USD 18.680 million
  • Bogota GDP 2014: USD 93.990 million
  • GDP per capita Cundinamarca 2014: US$ 7.078
  • GDP per capita Bogotá 2014: US$ 12.086
  • Cundinamarca Area: 22,337.2 km2
  • Bogotá Area: 1,636.59 km²

Reasons To Invest

  • Economic strength: With an average economic growth of 4.7% over the last 10 years, Bogotá comprises 24.7% of the country's GDP. Around 54% of the country's medium and large companies operate in the city, and more than 54% of Colombia's financial transactions are carried out there.
  • Human resources: Out of the more than 112,000 graduates of higher education each year in Bogotá, approximately 29,400 are postgraduates. The city has 43% of Colombia's PhD graduates and 32% of its technicians and technologists. Bogotá has 5 of the 100 best universities in Latin America according to QS Intelligence Unit.
  • Excellent business environment, recognized by several international publications and studies: It is ranked as the sixth best city in Latin America to do business according to the América Economía magazine; the fourth Global City of Latin America according to AT Kearney; the seventh Latin American city of the future according to fDi Intelligence (Financial Times); and the seventh city in Latin America for corporate tourism according to the International Congress and Convention Association. As a result of Bogotá's good corporate environment, there are currently more than 1,500 foreign companies in the city.
  • Strategic location: Bogotá is a five-hour plane ride from cities such as New York, Mexico City and Sao Paulo, and has 37 direct international connections. Its airport is the main air cargo hub of Latin America and the third terminal of the region for passenger traffic.
  • Corporate services and quality areas: Bogotá offers a wide range of providers of legal, accounting, tax and financial brokerage services, etc. Furthermore, the city has approximately 1,800,000 m2 of office space and more than 50 industrial parks with excellent areas for storage and manufacturing.

Bogotá Free Trade Zone

  • Located in the southwestern part of Bogotá within the city's urban perimeter at the address: Carrera 106 No. 15A – 25.
  • Declared area of 96 hectares.
  • 223 companies established.
  • Focused on the automotive, dressmaking, cosmetic/pharmaceutical, construction material, logistics and storage, agribusiness, biotechnology and BPO-KPO-ITO services sectors.
  • Operates 24 hours a day, 7 days a week.
  • Offers its users training on the free trade regime; assistance in the preparation of integration certificates; control of foreign trade operations and inventories; preparation of processes and procedures to efficiently establish operations in the free trade zone; and assistance for the implementation of the quality control system under the ISO 9001 Standard, 2008 Version.
  • Connectivity, and electricity and security service conditions supported by: a double electricity storage circuit at different voltages (13.8 and 34.5 kVA); 2 nodes of the submarine cable (Columbus Networks and Global Crossing); 14 broadband providers with last mile termination, permanent lighting and CCTV (closed circuit television); and a fire detection and extinguisher system.
  • Offers additional services such as auditoriums and conference rooms; banks and ATMs; health centers; vehicle service stations and gas stations; daycare center; food court; internal and external transportation; and supermarket.
  • Only permits corporate operations with a low environmental impact.

Name
Juan Manuel Sánchez
Position
Assistant Sales Director of
Vertical Services
Email
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Phone
+57 (1) 4046644 ext.: 221

Name
Margarita Herrera
Position
Assistant Sales Director of Vertical
Industry and Logistics
Email
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Phone
+57 (1) 4046644 ext.: 166

 

Metropolitan Free Trade Zone

  • Located in the municipality of Cota, 23 km from Bogotá on the San Rafael site, Vuela Grande District.
  • Declared area of 23 hectares.
  • Seven companies established.
  • Focused on the cosmetic/pharmaceutical, BPO services and call center sectors.
  • Operates 24 hours a day, 7 days a week.
  • Offers its users consultancy on foreign trade and financial simulation operations; technical consultancy on infrastructure; 80-ton truck scale; yard for the inspection of the Colombian Tax and Customs Authority (DIAN, for the Spanish original); 600 m² loading docks; and car park for lightweight vehicles for each 180 m².
  • Connectivity, security and sanitation conditions supported by: web environment software interconnected with Colombian authorities for the rapid entry of merchandise and raw materials; CCTV, visitor and access control and perimeter security systems; and water treatment plants.
  • Offers additional services such as a commercial area and restaurant and food area.
  • Permits corporate operations with a low or medium environmental impact.

Name
Jorge Eduardo Salamanca Gallo
Position
General Manager
Email
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Phone
+57 (1) 6226250

 

West Free Trade Zone

  • Located in the municipality of Mosquera at 21 km from Bogotá, on Avenida Troncal de Occidente No. 20 – 85.
  • Declared area of 34 hectares.
  • 22 companies established.
  • Focused on the automotive, dressmaking, cosmetic/pharmaceutical, construction, processed food, biotechnology, logistics and storage, agribusiness, BPO services and software development sectors.
  • Operates from Monday to Friday, from 6 am to 10 pm / Saturdays and Sundays from 6 am to 3pm. Operates at other times if the company assumes the generated costs.
  • Offers its users the design and construction of warehouses and offices; a customs operations inventory control system; a yard for the receipt and inspection of merchandise for 70 prime mover trucks; a free weighing service with 2 scales each with 100 ton capacity; and rental of construction and logistics machinery.
  • Connectivity, security, electricity service and sanitary conditions supported by: 10 MW electricity substation; 80 kW in each urbanized plot; fiber-optic connection with 3 providers (ETB, Telefónica and Claro); a perimeter enclosure with double electric fence and lighting; closed circuit surveillance and monitoring (CCTV - 24 hours a day, 365 days a year); internal natural gas network, and a wastewater treatment plant.
  • Offers additional services such as training and conference rooms; free transportation service to and from Bogotá; and a food area.
  • Permits corporate operations with a low or medium environmental impact.
  • The companies are exempt from the payment of Industry and Commerce Tax and Property Tax (applicable to the municipality of Mosquera).

Name
Catalina Vélez Arango
Position
Sales Coordinator
Email
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Phone
+57 (1) 8933300 ext.: 120

 

Tocancipa Free Trade Zone

  • Located in the municipality of Tocancipá at 44 km from Bogotá, 1.5 km Briceño – Zipaquirá Road.
  • Declared area of 38 hectares.
  • 40 companies established.
  • Focused on the automotive, dressmaking, cosmetic/pharmaceutical, construction material, processed food, biotechnology, logistics and storage, chemical, plastic, wood and glass sectors.
  • Operates 24 hours a day, 7 days a week.
  • Offers its users an online inventory system to control operations in the free trade zone; scales for the entry and exit of trucks; and heavy traffic roads with 10 meter-wide stretches.
  • Connectivity, security, electricity service and sanitary conditions supported by: 3 data centers; overhead electricity network at 11,400 and 34,500 volts; fiber-optic internet connection; fire protection system built according to NFPA codes; perimeter enclosure with double electric fence and zoned intrusion sensors; perimeter video cameras and vehicle and pedestrian access control; and internal ring for gas distribution.
  • Offers additional services such as training and conference rooms; local stores, restaurants and cafeterias; medical care center; and banks and ATMs.
  • Permits corporate operations with a low, medium or high environmental impact, according to authorization of the local environmental authorities.
  • The established companies are partially exempt from Industry and Commerce Tax (applicable to the municipality of Tocancipá) for 5 years.

Name
Andrés Ávila Rojas
Position
Sales Manager
Email
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone
+57 3203449210

 

Intexona Free Trade Zone

  • Located in the municipality of Cota, 1 km Siberia–Funza Road.
  • Declared area of 82 hectares.
  • 35 companies established.
  • Focused on the dressmaking, cosmetic/pharmaceutical, construction material, logistics and storage, and processed food sectors.
  • Operates from Monday to Friday from 7:30 am to 5.30 pm / Saturdays from 8 am to 2pm. Special services are provided outside the mentioned hours upon request.
  • Offers its users consultancy on the procedures, information system and operations in free trade zones; feasibility studies for the creation of new free trade zones or the qualification of new users; and 48 warehouses.
  • Connectivity, security, electricity service and sanitary conditions supported by: fiber-optic telephone lines; a digital telecommunications and data transmission network; and IT systems for inventory control, and control of the entry and exit of merchandise, cargo vehicles, users and visitors.
  • Offers additional services such as training and conference rooms; internal staff transportation; transportation service to and from different points in Bogotá; banks and ATMs; and rental of equipment for operations for the entry and exit of merchandise.
  • Permits corporate operations with a low, medium or high environmental impact, according to authorization of the local environmental authorities.

Name
Juan Santiago Velez
Position
Special Projects Director
Email
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Phone
+57 (1) 8215715 ext.: 1190

Potential Sectors

  • Services: IT, BPO and shared services; creative industries; business and consulting services; extractive industry services; and clean technology.
  • Manufacturing: Automotive and transportation; cosmetics; chemicals; and processed foods.
  • Life sciences: Biotechnology; medical equipment and supplies; and pharmaceuticals.
  • Infrastructure: Infrastructure and logistics; and hotel and tourism.

Success Stories

  • 3M: A United States manufacturing company that invested in the expansion of its production plant in 2011, with the aim to increase its range of products.
  • Avanza: A Spanish call center company that started operations in 2009 to attend to the local market, Latin America and Spain.
  • General Motors: With investments of more than USD 450 million since 2004, it has a plant located on the outskirts of Bogotá that exports to the region's countries.
  • Belcorp: It has a production plant in the outskirts of Bogotá that exports products to Latin America and the United States. Since 2013, it has made investments to adapt its operations and move its research and development center to Bogotá.
  • Convergys: Since 2010, this American company has a customer service contact center in Bogotá for the United States and Colombia.
  • Siemens: German conglomerate for transportation, telecommunications and engineering services, which in 2008 expanded its factory in Tenjo, Cundinamarca. The new plan for Colombia is oriented at the generation, distribution and transportation of energy.
  • Saint Gobain: French construction materials and services company, which in 2008 invested USD 160 million in the construction of a flat glass factory in Bogotá.
  • UPS Capital: United States financial services company that in 2011 opened an office in Bogotá. The firm offers financing solutions for companies and commercial insurance services in the country.
  • HINO: Japanese assembly company that started producing trucks in its Colombian plant in 2007, with an investment of USD 19.4 million.
  • Falabella: Chilean retail company that invested USD 800 million in its first department stores in 2008.
  • Dole: United States company that in 2014 opened its processed food production plant in Funza (Cundinamarca).
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Proexport Colombia  is the bureau in charge of tourism, foreign investment and export promotion in Colombia.

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