Presentación de PowerPoint · At A Glance • Population - 45,400,000 (3rd in South America) • Language - Spanish • Capital – Bogota • 32 provinces (states) • South America’s

Colombia

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© 2011 Live and Invest Overseas, Inc. www.liveandinvestoverseas.com

© 2011 Live and Invest Overseas, Inc.

Colombia



“The World’s

Best Kept

Secret”



At A Glance • Population - 45,400,000 (3rd in South America)

• Language - Spanish

• Capital – Bogota

• 32 provinces (states)

• South America’s oldest democracy

• Religion – Roman Catholic

• Size – twice that of Texas

• Currency – Colombian Peso

• Location – Northwest corner of South America

bordering Panama, Ecuador, Venezuela, Brazil,

and Peru

• Colombia is the United States’ best friend in

Central and South America







• Security – dramatically improved since President

Uribe took office in 2002 – crime rates now lower

than Atlanta, New Orleans, Washington DC,

Detroit, Cleveland, Oakland, St Louis, Memphis,

Birmingham, Little Rock, Camden, etc.

• FARC – numbers declining, isolated threat in

remote provinces, have lost their social mandate

• Friendly - Colombians and especially Paisas

(residents of Antioquia and Medellin) – they like

American’s better than Americans like each other

• Lifestyle – strong sense of community and family

• 26 holidays per year

At A Glance







• Investment Ratings – Bank investment

grade by S&P, Moody’s & Fitch in 2011

• Main Industries: Textiles, food

processing, oil, clothing, beverages,

chemicals, flowers, coffee, cement and

mining (gold, coal, copper and

emeralds), and tourism

• World Bank recently ranked Colombia as

the third most business friendly country

in Latin America and #1 in protecting

individual investor rights

At A Glance










At A Glance

• One million inhabitants

• Beach city with modern high-rises and

hotels

• Colonial architecture – the Walled City

• Top tourist attraction – popular cruise

ship destination

• Excellent and varied cuisine

• Temperature – hot, hot, hot

• First American Realty office now open

Cartagena Highlights







Cost of Living

Rent US$1,000

HOA Fee 0 Property Taxes 0 Transportation 60 Gas 5 Electricity 100 Telephone 30

Internet 30

Cable TV 30 Household Help 300 Food 400 Entertainment 400 Health Insurance 160 Travel 100 Miscellaneous 40

Total Monthly Expenses US$2,655

Boca Grande/Laguito Cartagena




Property Costs

Rental Costs for a Three Bedroom - monthly

Furnished -- US$1,700 to US$3,000

Unfurnished -- US1,200 to US$2,500

Purchase Costs for a Three Bedroom Penthouse – cost per

sqare meter

New Construction -- US$2,500 to US$3,000 per m2

5-10 years old -- US$2,000 to US$2,500 per m2

Purchase Costs for a Two Bedroom Condo – cost per sqare

meter

New Construction -- US$1,800 to US$2,500 per m2

5-10 years old -- US$1,250 to US$1,800 per m2

Boca Grande Cartagena







A Quiz!

Colombia ’s Major Cities: Bogotá, Cali, Cartagena, Barranquilla,

Armenia, Pereira, Manizales,

Bucaramanga, Cúcuta, Pasto, Ibagué,

Neiva, Soledad, Soacha, Popayán, Santa

Marta, and Medellin

When asking my friends and clients over

four years who have visited these cities,

what % said they preferred Medellin?

At A Glance




Quiz Answer

100%

At A Glance




Medellin Highlights

• Education – 32 universities, students are serious and

motivated

• Transportation – efficient and available - buses (60 cents),

taxis (US$2.25-US$5.00), Metro & Metrocable (US$1.25),

• Infrastructure – good roads, high speed Internet,

dependable utilities

• Paisa Culture – unique Spanish influenced friendly culture

• Tourism – up 35% over past three years

• Food & Water – Good food and excellent potable mountain

spring water

• Festival of Flowers and Festival of Lights (Los

Alumbrados)

• Festive Night Life – Paisas work to live, not live to work

At A Glance







Medellin Highlights

• Population – 3,800,000 inhabitants including

unincorporated areas

• Second largest city in Colombia

• City of Eternal Spring, Own a Piece of Paradise,

World’s Best Kept Secret

• Elevation – 4900 feet near the equator

• Climate -- average range is 60-86 F and average daily

72 F

• A/C and Heaters – not needed (low utility costs)

• Bugs/Insects – because of altitude there are few flying

creatures; screens and lanais not required

• Cleanliness – culture of cleanliness; city and people

very clean

• Extensive world class library system

At A Glance







Cost of Living

Rent US$450


Internet 25



Unfurnished Two-Bedroom in

El Poblado Medellin







Cost of Living

Rent US$0


Internet 30



Two-Three Bedroom in El Poblado

Medellin Purchase







Property Costs

Rent for US$400 to US$800 per month-

Unfurnished

Rent for US$700 to US$2000 per month -

Furnished

Buy for US$50,000 and up to US$2 million

Average cost per square meter (new

construction) - US$1800

Average cost per square meter (1-5 years old) -

US$1200-US$1700

Avgerage cost per square meter (5-30 years old)

- US$600-US$1200

El Poblado Medellin







Accessibility

• Cali, Medellin, Cartagena, and Bogota have

daily flights from the U.S. and Europe

• 3 ½ hours from Miami and Ft. Lauderdale

• Increasing competition among airlines

• Good road infrastructure

• Excellent bus and taxi availability







Medical Care • English-speaking doctors and dentists

• Of top 35 hospitals in South America – five are in

Medellin

• High standard of care near major cities

• Medical tourism is a growth industry

• Costs are one third to half those in the U.S.

• Health insurance for as little as US$50 per month

• Prescription drugs less - especially generics

• World Health Report recently ranked Colombia #22

for overall health system performance (US

received 37th place ranking)







Taxes

• Property – about 0.6% of actual value – for

US$175,000 Home = US$1,000 per year est.

• Income tax – 0 until US$30,000 then scales to 30%

• Capital gains tax rate is 33% - but tax incentives

for new foreign companies

• No tax on dividends

• Sales tax rate (IVA) is 16%

• Corporate – 33% (tax breaks for new foreign cos.)

• Wealth tax – based upon identifiable assets with

high threshold level – may not apply to newer

residents




Residency

• Tourist – 180 days per year at 90 day max intervals

• Investment – real estate US$200,000 required

• Investment – business US$100,000 required

• Business

• Work

• Special Temporal

• Student

• Retirement

• Spousal

• Fiancé

• Seven others

17 Visa Options




Recreation

Biodiversity - #1 in world for collection of

butterflies, amphibians, flowers and #2 for species

of birds (1,871 different species)

Adventure –Sailing, windsurfing, scuba diving,

kayaking, rock climbing, parasailing, hiking,

horseback riding, bungee jumping, white water

rafting, Amazon River tours, coffee tours, and more

Beach Lovers – only country in South America with

coasts bordering the Pacific and Atlantic Oceans

and the Caribbean Sea – more than 2,900 kilometers

of coastline

Holiday Lovers – 26 national holidays each year










Coffee Lovers – Colombia’s Coffee Triangle

(Pereira, Armenia and Manizales) is known for

producing the world’s best coffee

Nature Lovers – 90% of Colombia is nature,

including 37 national parks, 12 fauna and flora

sanctuaries, and 230 civil society reserves

Golf Lovers – Perfect environment to play 365 days

a year in Medellin

Dance Lovers – Cali is the salsa capital of the world

Ocean Lovers – World’s 3rd largest reef park near

Island of Providencia

Recreation







Retiree Benefits Ranked in order of

importance!

Senior discounts at the movies

Medellin has the best climate in the world

Lower cost of living

Affordable healthcare

Live longer

Viagra generics at 1/5th the cost of U.S.




Colombia Cons

• Hot and humid on the coasts

• People tend to over promise and under

deliver

• Traffic in major cities

• Not much English is spoken

• FARC still operating in two provinces

• Gang problems in poorer barrios

• Locals tend not to show up on time for

appointments







Colombia Pros

• Friendly people

• Democratic country

• Good infrastructure

• Diverse lifestyle

options

• Affordable cost of

living

• Energy exporter

• Low and fair taxes

• Residency options

• Excellent health care

• Hedge against the

U.S. dollar

• Top Latino ally of the

U.S.

• Good real estate

values







In 2011 the world’s largest computer manufacturer

(HP) , the world’s richest man (Carlos Slim), and the

largest U.S. private real estate investor (Sam Zell)

invested in Colombia and Medellin

If you believe the U.S. is headed for some major

financial problems because of its debt crisis and lack

of government resolve then where should you go to

live, work, and/or invest?

If the answer is a warm and friendly, truly emerging

country that actually likes foreigners and offers

superior life style choices at affordable prices, where

the energy is positive, and you feel like you are ten

years younger – then Colombia is your answer!

Is Colombia right

for you?




Best Question

Receives a Free Bag of

Colombian Coffee

Questions




Documents

Presentación de PowerPoint · At A Glance • Population - 45,400,000 (3rd in South America) • Language - Spanish • Capital – Bogota • 32 provinces (states) • South America’s