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Cundinamarca, department located at the center of Colombia, is now ranked as one of the main investment destinations in Latin America.
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the CapitalRegion
Cundinamarca & Bogota:Cundinamarca & Bogotá:
Courtesy: Siemens
department located at the center of Colombia, is now ranked as one of the main investment destinations in Latin America. The region is very attractive for foreign investment, due to its:
• Dynamic economy
• Pro-investment business environment
• Strategic geographical location
• Extended access to markets
• Excellent operative surroundings
• Offering of investment incentives
• Excellent human resources
• Quality of life
• Variety of highly promising sectors
• Amount of satisfied investors
In addition to the above, it reckons with a world class entity that will facilitate your investment: Invest in Bogota & Cundinamarca.
Cundinamarca,
Cundinamarca,
It has a diversified economy…
…that has grown above Latin American average.
Cundinamarca and its capital, Bogota, make up the Capital Region, which
has a population of 9.3 million and a GDP of US $62.5 billion, exceeding
many countries in Latin America.
GDP of the Capital Region* and of Some Countries of Latin America (2009)
GDP by Sector (2007) Economic Growth Average (2001 - 2009)
* The GDP figure for Cundinamarca was calculated as of the Department’s growth rate.
Source: International Monetary Fund, World Economic Outlook Database 2010; DANE, Regional Accounts. Estimates made by Invest in Bogota & Cundinamarca.
Source: Chamber of Commerce of Bogota, Surveys and Research Directorate based on DANE’s information, Regional Accounts. Estimates made by Invest in Bogota & Cundinamarca.
Source: CEPAL, Latin America and the Caribbean Statistics Yearbook 2009; DANE, Regional Accounts. Estimates made by Invest in Bogota & Cundinamarca.
12 %3 %
4 %
6 %
16 %
16 %
20 %
23 %
a dynamic economy
0
10
20
30
40
50
62.5
31.529.3
24.921.1
60
70
80
90
Capital Region* Uruguay Costa Rica Panama El Salvador
US$
Billi
ons
17.5
Bolivia
0 1 2 3
3
4
4.5
5
Capital Region
Latin America
Percentage
Financial and Real Estate services
Social and Commercial services
Trade, restaurants and hotels
Industry
Transportation and communication
Construction
Agribusiness
Other
Courtesy: Opain S.A.
Cundinamarca has
a clear exporting vocation and has received high flows of direct foreign investment The Capital Region is the main exporting region of non-traditional products from the country.
In addition, it is the greatest receiving region of foreign direct investment in Colombia not dealing with oil.
*Corresponds to January - September 2010.
Source: Chamber of Commerce of Bogota, Surveys and Research Directorate, based on information from DANE.
*It does not include investments in the oil sector or portfolio investments.
**Corresponds to January – September 2010.
Source: Central Bank, based on investment records. Estimates made by Invest in Bogota & Cundinamarca.
30%
4%
1%
4%4%
5% 5%
6%
14%
5%
22 %
Colombia
Capital Region
US$
Billi
ons
1
2
3
4
5
6
20072006
70%
1.9
2008 2009
65%
3.9
5.0
81%
2.8
79%
2010**
1.8
81%
Flowers
Chemical products and substances
Foodstuffs and beverages
Other transport equipment
Motor vehicles
Rubber and plastic products
Basic metallurgical products
Refined oil products
Textile products
Fruits and vegetables
Others
Distribution of Exports, by Product (2010*)
Entry of FDI* (2006 - 2010**)
Cundinamarca has
Courtesy: Secretaría de Prensa y Comunicaciones, Gobernación de Cundinamarca
a pro-investment business surrounding
Source: CEPAL, Competitiveness Scale of the Departments in Colombia.
In 2010 was the Latin American country with the best investment environment, according to the World Bank.
According to CEPAL, the Capital Region is the most competitive region of Colombia. Capital Region
Antioquia
Valle
Santander
Atlantico
Risaralda
Caldas
Quindio
Boyaca
Tolima
San Andres
N. Santander
Meta
Huila
Nariño
Casanare
Bolivar
Cesar
Sucre
Cauca
Cordoba 41.4
41.7
42.1
47
47.6
47.8
47.9
49.5
53.5
55.1
56.2
56.6
57.4
62.6
62.7
65.5
66.7
69.8
70.9
77.6
100
0 10 20 30 40 50 60 70 80 90 100
Index
The lesser the ranking the easiest it is to do business.
Source: World Bank, Doing Business 2010.
General ranking
Colombia
Chile
Mexico
Peru
Costa Rica
Brazil
Venezuela
Argentina
37
49
51
56
118
121
129
177
180 150 120 90 60 30 0
Ease of Doing Business (2010)
According to World Bank’s report
Doing Business 2010, Colombia
offers the most favorable
environment to make business
in Latin America.
According to the World
Competitiveness Yearbook 2010
from the IMD, Colombia is the
fourth most competitive country
in Latin America.
In addition, it was the country
that advanced the most positions
in the region in this ranking.
From CundinamarcaThere are several daily flights from the Capital Region to the main cities of America and Europe.
Flights from El Dorado International Airport, Bogota (2011)
Destination Flying time (hours)
Daily Frequency
Atlanta 05:04 1
Barcelona 09:25 1
Buenos Aires 06:16 2
Caracas 01:50 4
Mexico City 05:45 3
Panama City 01:30 6
Fort Lauderdale 03:30 3
Frankfurt 12:00 1
Houston 05:17 2
Lima 03:00 6
Los Angeles 07:45 1
Madrid 10:00 2
Miami 03:30 4
New York 05:30 4
Orlando 04:03 1
Paris 10:20 1
Quito 01:10 5
San Jose 02:06 2
Santiago 05:40 2
Santo Domingo 02:28 1
São Paulo 05:00 2
Toronto 06:10 1
Washington 05:15 1
Source: Colombian Civil Air Service, Aerocivil 2011.
The Capital Region is 5 hours away by flight from New York, Mexico City and São Paulo
Capital RegionPopulation: 9.3 million
GDP: US$ 62.5 billion
Companies located in the Capital Region have access to a US$ 228 billion Colombian market and to UD$ 36 trillion international markets that represent more than 1.3 billion people.
the companies have access to the world
Commercial Treaties
In forceAndean CommunityChileMexicoCAN – MERCOSUR AgreementEl Salvador, Guatemala and HondurasCanada SignedUnited StatesEuropean UnionEuropean Free Trade Association (EFTA)
Agreements under negotiationSouth KoreaPanama
Andean RegionPopulation: 102.5
millionGDP: US$ 429.1
billion
ColombiaPopulation: 45
millionGDP: US$ 228.6
billion
Continental market
Population: 889 million
GDP: US$ 19.4 trillion
Latin American Market
Population: 548.2 millionPIB: US$ 3.8 trillion
Expanded market
Population: 1.3 billionGDP: US$ 35.6
trillion
Cundinamarca has
In the Region there is a high supply of spaces in Free Trade Areas and Industrial Parks for investors.
In addition, many companies have established Free Trade Areas in the Department.
In Cundinamarca there are 17 Free Trade Areas, equivalent to 20% of the total domestic Free Trade Areas
ZF de Tocancipa (Tocancipa)ZF Metropolitana (Cota)ZF Intexmoda (Cota)ZF Plic (Cota)Zofrandina (Gachancipa)ZF Occidente (Mosquera)ZF Ciudadela Salud (Sopo)
Celta Trade ParkCentro Empresarial MetropolitanoComplejo Logistico Industrial SiberiaParque TerrapuertoP.I. LogikaP.I. San MiguelP.I. San JorgeP.I. PotosiTerminal Terrestre de CargaP.I. San AntonioP.I. Santa LuciaP.I. San Jose
Paul Calley (Tocancipa)Siemens (Tenjo)Ceramica San Lorenzo Industrial (Sopo)Productos Familia (Cajica)Vidrio Andino (Soacha)Praxair (Tocancipa)Bio - D (Facatativa)Pepsico (Funza)Protisa (Gachancipa)Celta (Funza)
Permanent Free Trade
Main Industrial Parks in Cundinamarca
Main Single Company Parks
For further information about Free Trade Areas, consult Invest in Bogota & Cundinamarca.
an excellent operations environment for new investmentsInfrastructure in Cundinamarca is ideal to develop successful operations.
“Cundinamarca offers ample advantages as an investment destination: Access to the most important road corridors of the country for cargo movement towards both coasts, and to and from Bogota. Competitive land cost. Natural surroundings aligned with the company’s sustainability objectives, which promotes productivity.Support to the local Mayors and Governors for the implementation of initiatives for the development of the region as an industrial area, such as training of human resources in technical areas.
Due to its development plans, the Savannah of Bogota is a very suitable area to implement and develop projects of sustainable technologies.”
Guillermo ZuluagaGeneral Manager, Siemens Manufacturing S.A.
Land ConnectionsCundinamarca is connected by road to the Pacific and Atlantic oceans and to Venezuela and Ecuador.
Digital ConnectionsCundinamarca has redundant digital connections with 5 international submarine cables and with multiple operators, such as Telefonica, Telmex and Une.
WaterCundinamarca provides 90% of the Capital Region’s drinking water.
Air ConnectionsEl Dorado International Airport located in Cundinamarca handles the greatest volume of cargo in Latin America. Additionally, the region has Airport Santiago Vila of Flanders, which has a strategic location for the multimodal transport. The department government of Cundinamarca efforts to attract foreign investment so as to increase airport capacity.
PowerCundinamarca provides 40% of the country’s clean energy; it has a solid power infrastructure with World class suppliers, such as EMGESA and CODENSA (Endesa Group) and Gas Natural (Fenosa Union Group).
Bogotá tieneuna temperaturapromediode 19º C
Cundinamarca has
Courtesy: Kuehne+Nagel
Capital Region and Colombia offer a great variety of local and national benefits.
Free Trade Areas
The Free Trade Areas regime of the country offers benefits such as:
• A preferential 15% income tax rate.
• Import of equipment and inputs without paying customs duties.
• Purchase of inputs, capital goods or services without payment of VAT.
• Possibility of selling to the local market.
• Possibility of creating a single company free trade area, subject to requirements.
Deductions to income tax
• Up to 125% of the investment in science, technology and innovations projects.
• Up to 20% of the investment to control and improve the environment.
• Up to 120% of the disabled employees’ salaries.
VAT exemptions
Value Added Tax (IVA) exemption: 16%.
Industry and Trade Tax deductions and exemptions (ICA)
• ICA deductions (up to 1.14% of gross sales) en in several municipalities of Cundinamarca.
• ICA exemption for export of goods and services.
attractive investment incentives
Bogotá tieneuna temperaturapromediode 19º C
Cundinamarca has
Courtesy: Universidad de la Sabana
8 %
8 %5 %
2 % 1 %
22 %
24 %
30 %
The Capital Region has a labor force of 5 million people, of which 3.9 million are in
Bogota and approximately 780,000 are in large municipalities of Cundinamarca.
Cundinamarca has abundant young and qualified human resources
Source: Departamento Administrativo Nacional de Estadística, DANE,
Censo básico. Invest in Bogota & Cundinamarca estimations.
Carlos Antonio MejíaGeneral Manager,Avanza Colombia SAS
Career Graduates (2001 - 2009)
Labor Force of the Main Urban Centers and Development Poles of the Capital Region
Source: Ministry of Education, Labor Observatory.
Economy, Administration, Accounting and related careers
Social and Human Sciences
Engineering, Architecture, Land Development and related careers
Health Sciences
Education Sciences
Arts
Math and Natural Sciences Agronomy and Veterenary
• 58% of the labor force is between 18
and 39 years of age.
• There are 126 higher education
institutions.
• There are 452,000 higher education
students.
• 74,000 professionals graduate yearly
in the following areas:
“We decided to establish our headquarters in Cundinamarca, specifically in the industrial area road that leads to Siberia. Results have been phenomenal. We have found qualified human resources with excellent competencies in Customer Service and Sales. Access roads allow readily arrival of our staff transportation routes. Thanks to formal and non-formal academic training offered in the region, our personnel has the possibility to be trained in different fields of technology and communications”.
Bogota (3.9 million people)
Cajica, Chia, Cota and Tenjo (109,658 people)
Funza, Facatativa, Madrid and Mosquera (169,892 people)
Soacha (233,210 people)
Girardot, Tocaima and Fusagasuga (127,840 people)
La Calera, Sopo, Tocancipa and Zipaquira (99,340 people)
Bogota tieneuna temperaturapromediode 19º C
Cundinamarca has
Courtesy: Secretaría de Prensa y Comunicaciones, Gobernación de Cundinamarca
Nature
Cundinamarca extends over the Andes mountain range and this is why it has a wide range of climates, from
tropical plains and mid climate zones to cool highlands and moors. Biodiversity in Cundinamarca is unique with
more than 2,460 species of plants and animals. Likewise, the department has significant water reserves that supply
Bogota and the center region of Colombia. Cundinamarca is a haven for birdwatchers, orchid enthusiasts and other
nature lovers.
Tourist attractions and recreation
Cundinamarca offers a great variety of attractions, including the impressive Salt Cathedral of Zipaquira, beautiful colonial towns,
lakes and natural reserves, and warm weather resorts. The Department has a varied local cuisine, based on its rich produce.
Several villages on the outskirts of Bogota have become vibrant centers of dining and nightlife. There are countless opportunities
for hiking, mountaineering, sailing and other outdoor sports.
In addition to all this, the region has ecotourism circuits all around its sacred lakes, indigenous and colonial roads and trails, and
architectural monuments, town squares and urban sites with great historic background and cultural heritage. In Cundinamarca
you can practice extreme sports such as canoeing, rafting, paragliding, as well as cyclocross, motocross and campercross racing,
among others.
Housing
Thanks to its green environment, quality infrastructure and competitive costs, Cundinamarca offers a high quality
environment for business and housing. Well-known companies have set up operations in the department in recent
years and a large number of luxury housing projects and leisure venues have been built.
Security
Cundinamarca is one of the safest departments of Colombia with a rate of only 15 homicides per 100,000 inhabi-
tants, well below figures in the rest of the country (39.4 homicides per 100,000 inhabitants).
excellent quality of life
Cundinamarca has
ManufactureA great local market, access to international markets,
specific experience, qualified human resources and
competitive costs make of Cundinamarca the ideal
place for the production of:
• Vehicles and auto-parts
• Cosmetics
• Electrical appliances
• Processed food
• Consumer products
• Medical and pharmaceutical items
• Plastic and chemical items
• Textiles
Logistics and transportation The growing local and international demand, its
strategic location, excellent infrastructure,
qualified human resource and competitive
costs make of Cundinamarca an ideal place for
logistics and transportation operations.
Services
Ample experience, great availability of qualified
human resources, competitive costs and strate-
gic near-shore location make of Cundinamarca
a competitive place for services, such as:
• Aircraft maintenance
• Production of audiovisual aids
• Educational services
• Offshore services: call center services,
non-voice BPO and TIC
• Household public utilities, water and power
Photo: Javier Casallas
Tourism A great local market originated in Bogota, an increasing number of visitors from all the World, qualified human resources and competitive costs make of Cundinamarca an ideal destination to invest in:
• Hotels / Convention Centers• Medical Tourism• Vacation Centers • Social Centers for retirees• Adventure Tourism
Corporate infrastructure The Capital Region is becoming one of the main
business destinations in Latin America. You can
find many corporate infrastructure investment
opportunities, such as hotels; distribution and
logistics operations; industrial parks; and free
trade areas.
Mining
Cundinamarca has important mineral reserves,
such as coal and emeralds.
Farming industry
Highly productive land, unique species, ample
local market, access to international markets,
qualified human resources and competitive
costs for logistics and transportation make of
Cundinamarca an ideal place for:
• Biofuel
• Natural components for cosmetics and
foodstuffs industries
• Dairy products
• Flowers and foliage
• Fresh and processed fruits and vegetables
• Territorial denomination
• Green markets
highly competitive sectors
Cundinamarca hasIn the latest years, large multinational companies have decided to establish operation in Cundinamarca:
satisfied investors
Cundinamarca has
Photo: Phillips
We are the investment promotion agency for Bogota and Cundinamarca, a public-private partnership between the Bogota Chamber of Commerce, the Bogota City Government and the Government of Cundinamarca.
Our mission is to support investors that are exploring opportunities in Bogota and Cundinamarca.
In 2009 we were ranked as the top non- OECD investment promotion agency in the world by the World Bank.
We have a multidisciplinary team with sector-specific expertise, which allows us to provide prospective investors with value added advice and information.
We offer, free of charge, and in absolute confidentiality, services for
investors during each stage of their investment process.
Exploratory Phase:• General, sector and company specific information.• Coordination of fact-finding visits. • Meetings with government and regulatory authorities. • Visits to existing investors. • Meetings with professional service firms. • Meetings with educational and training institutions
Start-up Phase • Advice during start-up. • Support with permits and regulations. • Contacts with potential suppliers, clients or partners. • Development of tailor made training programs, including Talk to the World, the city’s English language training program.
Operational Phase• Follow up of your company’s development. • Support in reinvestment-related activities. • Networking with other companies.
• Continuous monitoring and improvement of business climate.
Invest in Bogota & Cundinamarca
Please contact us at:
Email: [email protected]: +57 (1) 742-3030
Fax: +57 (1) 742-3050Address: Carrera 7 no. 71-21, Torre B, Suite 901,
Bogota, Colombia.www.investinbogota.org
Follow us on Twitter: @investinbogota“Like” us on Facebook: www.facebook.com/investinbogota
& CUNDINAMARCA