Our latest subsidiary: Colombia
Colombia is located at the northern corner of South America, exactly in the geographical center of North and South America. It is very diverse and contains almost all landscapes of the world: jungle, desert, flat land, mountains, glaciers and Caribbean beaches.
What makes Colombia special is that it has access to the Pacific Ocean and the Atlantic Ocean. In both oceans the country has a good port infrastructure. The most important ports are Cartagena, Barranquilla and Santa Marta in the Caribbean and Buenaventura on the Pacific coast. Immediately nearby is the Panama Canal, the region's most relevant trade route.
Colombia has nearly 50 million inhabitants, making it the second largest population in South America after Brazil. About 13 million people live in the region of the capital Bogotá in the interior. Colombia has an area of around 1,100,000 km², making it more than three times the size of Germany, for example.
The country is characterized by a relatively low barrier to foreign investment (Top 30 FDI destination country worldwide) and offers many tax incentives for international investors. There is a large service and technology industry in the four main cities of Bogotá, Medellín, Cali and Barranquilla. Many international companies operate their international trade base in Colombia. El Dorado in Bogotá is the largest cargo airport in Latin America.
For companies, Colombia offers good access to (highly) skilled labor. Compared to other countries with similar working conditions and academic levels of employees, wages are relatively low.