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Business Opportunities In Latin America
Latin America is made up 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 of this region is approximately 569 million people. This is an very good option for companies looking to expand their business into new markets as Latin America America has been experiencing stable democracies and increased disposable income. Advantages of doing business in this region 1. Lower Labor costs Wages are much less than in more developed countries. This allows companies to keep a low overhead cost. 2. Tax breaks 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. Lower cost of living Businesses can set up offices at very low cost. Real estate, food, health care services are a fraction of the price that you would pay elsewhere. 4. Importance of tax free zones This is one of the most important trading platforms in the region. The most important thing about these zones is that companies pay very little duty on the products they are importing and exporting. This allows their profits to be higher. The advantages stated above allows international companies to pursue this market with much lower risks. Article Directory: http://www.articledashboard.com Ariel Dess specializes in assisting companies successfully import and export with Latin America. To access to his valuable resources, tips and links, click here distributor |
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