Business For Sale Colombia | Business For Sale Listings
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Get to Know About Colombia
Colombia is situated in South America. Well, it has some land in the Northern part of the continent as well. It occupies 1,141,748 square kilometers area and has an estimated population of 48,258,494 (Departamento Administrativo Nacional de Estadística (DANE)). One of the most developed countries in South America, doing business in Colombia could be very beneficial if you can back it up with a good idea.
Colombia has a lot of domestic demand and consumption expenditure. Moreover, the high population means that you have a lot of reach in the market. The government is stable, and the country is very rich in natural resources, including oil, mineral fuels, fruit, etc. Additionally, Colombia has been known to use renewable energy a lot- according to the Global Green Economy Index, 2014 (GGEI), Colombia is one of the top 10 nations in greening efficiency sectors. Science and Technology are also on the rise in the republic, and there are more than 3,950 research groups here.
As you can see, there are many advantages of doing business in Colombia, where entrepreneurship is precepted in very high standards. The literacy adds on to that, as about 95% of people have gotten an education.
Anyway, like every other developing country, Colombia has its own problems. First is the crime rate- drug trade has always been in height in the nation. Then come the bribery and lack of copyright infringement law protection. Also, bureaucracy and lack of proper transportation infrastructure could impose problems for some. Moreover, the corporate tax rate of 34% is not on the lower side.