Why invest in Colombia
Investing in Colombia means investing in a country with a unique wealth in the world: mega-diverse regions, professional, talented and creative people who drive sustainable development, reindustrialization, creation and transfer of science, technology and knowledge, regional development and strengthening of the Colombian business fabric, energy transition and reduction of inequality for the pursuit of total peace. For all these reasons and much more, investing in Colombia always means more.
REASONS TO INVEST IN COLOMBIA
Find out why the economy, sustainable commitment, workforce, and strategic location are some of the reasons that make Colombia your best investment destination.
Foreign direct investment inflows to Colombia have become major catalysts for the country's economic development and one of the main sources of employment creation. The Colombian government is committed to attracting investment that contributes to building lasting peace, that is aligned with the social, economic, and environmental justice that Colombia strives for.
The aim is to attract sustainable capital that focuses on protecting biodiversity, that responsibly contributes to the transition of the energy matrix and the development of human capacities, and that works in favor of reindustrialization.
Macroeconomic strength, attractive workforce, network of treaties and investment guarantees have helped Colombia to stand out amongst regional economies as a strategic hub for the supply of reliable and quality goods and services. Also, the country is actively responding to international challenges such as sustainable and green development, creating a wide range of investment opportunities. We invite you to know more about the five reasons that make Colombia your best investment destination
ECONOMIC LEADERSHIP, DYNAMIC AND DIVERSIFIED DOMESTIC MARKET
Colombia has the fourth-largest economy in the region and stands out for being one of the most stable economies in Latin America. In 2021, GDP expanded by 10.6% while in 2022, the Colombian economy grew by 7.5%. The forecast for the following five years shows that Colombia’s GDP will grow faster than markets such as Brazil, Mexico, and Argentina.
In addition, Colombia offers an attractive domestic market of more than 52 million inhabitants, being the 3rd largest country in Latin America. A large percentage of its population skews younger, which has boosted the domestic market and the workforce.
The country has multiple regions and business centers with a wide variety of sectoral demands. Therefore, investors can find several business opportunities across the country.
LEADERSHIP AND COMMITMENT TO SUSTAINABLE ECONOMIC DEVELOPMENT
Colombia actively answers to international challenges such as sustainable development. The country has clear and ambitious goals in this regard, including reducing greenhouse gas emissions by 51% by 2030, achieving a 0-deforestation rate by 2030 and carbon neutrality by 2050.
The country is sending clear signals to investors. For instance, Colombia was the 1st country to incorporate the SDGs into a National Development Plan and the 1st country in the region to publish a green taxonomy. Likewise, Colombia is leading the energy transition and is the fourth most attractive investment destination in energy transition among 107 emerging countries. (Climatescope, BNEF, 2022)
This framework creates several investment opportunities related to the circular economy, electric mobility, equipment conversion, and recycling. Also due to the biodiversity, the country offers business opportunities in natural ingredients, sustainable agriculture, and ecotourism.
COMPETITIVE EXPORT PLATFORM TO THE REGION AND THE WORLD
High levels of foreign economic participation and trade further enhance Colombia's appeal to businesses. Colombia is the investment gateway to the Americas. Due to the privileged geographic location, in the center of the continent, which enables us to connect to any destination in the hemisphere in short periods, Colombia is an ideal export platform.
Additionally, Colombia is located within 2 time zones of all major cities in the Americas making the country an excellent destination for services exports. Moreover, companies located in Colombia also benefit from the free trade zone regime, which offers multiple incentives and is at the forefront of global trade trends.
When focusing on the region, the role of Colombia as a regional HUB becomes more evident. Companies located here have preferential access to 97% of countries in the Americas due to the Free Trade Agreement in force. These countries represent more than 31% of the world's GDP and 1 billion inhabitants
PRIME CONDITIONS THAT BOOST BUSINESS COMPETITIVENESS
The country has a large business network that supports the development of companies. This guarantees a reliable supply chain and the opportunity to find allies and clients. Furthermore, 1,110 startups operating in 26 sectors are part of the innovation ecosystem in Colombia.
Moreover, the country offers key conditions for business and attracts large, youthful, and urban-based workforces. Colombia’s workforce stands out for its commitment and diversity of training. These advantages have encouraged worldwide companies to trust and invest in Colombia.
Added to this, the country offers facilities for the arrival of foreign companies such as the Single Investment Window as well as an incentive policy in multiple sectors that support and accompany foreign investment in Colombia.
ATTRACTIVE INVESTMENT OPPORTUNITIES IN MULTIPLE SECTORS
Colombia is leading energy transition in the region thanks to the high potential to generate energy with non-conventional energy sources. The availability of resources exceeds the world average, such as sunlight, wind, water, biomass, and geothermal resources, to produce low-emission hydrogen.
The availability of land rich in nutrients, climate, variety of thermal floors, and the supply of agricultural products throughout the year, as well as the size of the market, positions Colombia as an agri-food powerhouse in the region with multiple investments opportunities in sectors like cocoa, fresh fruits, packaged food, among others.
Moreover, thanks to its competitive costs of human talent, raw materials, distribution, and production factors, Colombia offers an ideal location for manufacturing production. There are opportunities related to the automotive industry, pharmaceutical and aeronautical sector among others.
Likewise, the public policy of digital transformation and attraction of investment in technology and value-added services makes the country an ideal destination for the expansion of businesses related to the generation of knowledge-based services. Colombia offers opportunities in sectors such as software, video games, outsourcing services, etc.
PROCOLOMBIA is the entity in charge of promoting Exports, International Tourism, Foreign Direct Investment and the Country Brand, in order to position Colombia in the world. Get to know the national and international network of offices, where you will find comprehensive support and advice.