Find Business Opportunities In Latin America

Information about Latin America

The region is composed of the following countries: Brazil, Mexico, Argentina, Colombia, Chile, Peru, Venezuela, Guatemala, Ecuador, Costa Rica, Cuba, Uruguay, El Salvador, Paraguay, Bolivia, Panama, Honduras, Nicaragua, Guyana, Suriname, Netherlands Antilles and Belize.

Spanish is the most widely spoken language in the region. Portuguese is the official language in Brazil which is the most powerful economy in Latin America. In general, the business community speaks English.

The population in Latin America is 569 million people approximately. This is an ideal market to develop since the region has been experiencing stable democracies and increased disposable consumer income.

The advantages of doing business in Latin America

1. Lower Labor costs

Wages are much lower than in other, more developed countries. Thanks to this, companies can keep the overhead costs low.

2. Tax incentives

Some countries, such as Panama, have pursued special programs to attract foreign companies by attributing low tax rates to foreign companies willing to invest in the country. This has been a successful strategies which has been adapted by other countries in the region.

3. Low cost of living

Everything is less expensive than where you probably live now. I was so surprised when I moved to the region how inexpensive it was to have a very comfortable live. Real Estate, food, health care cost a fraction of what I used to pay.

4. Importance of tax free zones

This is a very important trade and business platform in the region. The great thing about these zones is that companies pay very little or no duty on their earning which allow businesses to reinvest into their development and promote faster growth.

The advantages stated above allows international companies to pursue this market with much lower risks.

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About the Author:
To find trade opportunities, please go to MercaTrade.com, the B2B marketplace for Latin America and the Caribbeans, B2B Latin America. For more resources about the region, Latin America

Article Originally Published On: http://www.articlesnatch.com

Tags: B2B marketplace , business latin america , latin america

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