Geographical Advantage:
- Proximity to the US with short flights to Miami (easy accessible training sessions, transfer of equipment for teams, or even incentive trips for employees who get to go visit the US).
- Shared time zones for easy communication with US teams.
- Major ports on both the Pacific (Buenaventura) and Caribbean sides (Cartagena and Barranquilla).
- Centrally located in Latin America for trade (From Mexico up north down to Chile and Argentina in the south, it can be a really good place to establish a hub for trade).
Medellin's Unique Offerings:
- Agricultural sector, including a massive flower industry. (worlds second largest).
- Coffee and Cocoa production, being the fourth-largest exporter globally.
- Climate, earning it the nickname "City of Eternal Spring".
Promotional Offers for New Businesses:
- Progressive tax schemes offering the first year of operation, no income tax liability , the next year, 80%, 60%, and 40% off. This gives you a soft landing to get your business up and running.
- Tax incentives in free trade zones on sales, duties, and income tax.
- Colombia has various FTAs with individual countries or associations, which include the Central American Northern Triangle (El Salvador, Guatemala, and Honduras), Canada, Mexico, Chile, the European Free Trade Association (EFTA) countries (Switzerland, Norway, Iceland and Liechtenstein), and the European Union with roughly 60 countries.
Infrastructure and Business Network:
- Improved access to Medellin's international airport.
- Ongoing projects like the construction of the Port of Antioquia and accompanying highway system.
- Efficient public transportation system, including metro, buses, tram, and gondolas.
Attractiveness for Digital Nomads:
- Welcoming environment and vibrant nightlife.
- Community of like-minded individuals.
- Introduction of digital nomad visas allowing stays of up to two years.
Government Initiatives for Technological Advancement:
- Orange Economy policy investing in creative and cultural sectors.
- Regulatory sandbox for fintech businesses. (A framework to support fintech businesses entering the market, testing and developing new products, while the government oversees regulations and protects financial consumers from potential harm)
- Organizations like Ruta N (government corporation that aims to drive investment and development in the specific areas of science, technology, and innovation) driving investment in science, technology, and innovation.
Ongresso's Services:
- Assisting Western companies in expanding to or within Latin America.
- Recruitment and HR support for nearshoring or outsourcing operations. (with services including talent recruitment, employer of record assistance, and company formation. Comprehensive support is provided for tasks such as taxes, accounting, legal, and payroll, allowing companies to concentrate on their core activities.
- Market research and partner search for companies selling products or services in local markets. (Informations about Competitors, price points of products, history of markets, finding a distributor, partner search, Arrange of meetings, sanitary registrations and title holders)
Medellin appeals to companies wishing to grow in Latin America because of its advantageous location, supportive business climate, and strong infrastructure. The city's attractive features are strengthened by its unique offers, which include a healthy agriculture sector and a pleasant climate. Government programs designed to foster technological development. The specialist services offered by Ongresso are the perfect help for companies looking to start up or grow in latin america. Considering everything, Medellin offers companies the perfect chance to enter the diverse and ever-changing Latin American market.
Call us now, to start your business in latin america.
