This country is the best option for your global business hub...
Latin America offers growth opportunities different from those available in Europe or in North America. However, during our 20+ years of experience assisting foreign investors, we have been able to determine certain "fits" between investors/entrepreneurs and specific countries in the region.
As a manager and/or investor, you have to carefully analyze the pros and cons of various countries prior to making the site selection; however, the key is mindset. Yes, more than data and numbers, the decision maker has to begin to assess the significant differences that exist in Latin America in relation to the cultural, business, and legal environments.
So, the best country for your global business hub is going to depend on your industry, target market, cultural behaviors, business model, and many other details. The following are 3 crucial legal & business elements to help you make the best decision:
- Political Stability
- Human Development
- Respected State of Law
So, if you are serious about exploring the benefits of opening an offshore or nearshore facility, you can use those 3 basic elements to study each country and its benefits. Among the top runners based on such criteria we have:
- Costa Rica
- Colombia
- Chile
- Uruguay
Having said that, we don′t want to close the doors to other perhaps more challenging countries such as:
- Guatemala
- Nicaragua
- Ecuador
- Peru
This last shortlist of countries represents what we see as bigger challenges with the system but at the same time, they might also represent bigger rewards for die hard entrepreneurs. So, what country is the best option for your global business hub? It depends on what you are looking for and your industry but at the same time, we sincerely invite you to study each country carefully prior to making any decisions.
Due to the current COVID-19 phenomenon it has become quite apparent that what were once considered erroneously small differences among Latin countries, currently have surfaced as evident signs of the development of each particular political and social system. Thus, indicating the quality of life of each country.
We also invite you to invest time and money with qualified professionals who understand the regional particularities amidst the global scenario.