As the Latin American region continues to emerge as an economic force, there has never been a better time to start a business Latin America. Investing resources into operations in this part of the world can lead to size-able returns over the near future.
The only serious complication with regards to starting a venture is that each country has different rules covering foreign ownership of companies. So, depending on the type of business you are considering, thoroughly research where you will have the best opportunities.
For example, Costa Rica will allow anyone to invest and own a business. But they also require that employers only hire local employees, and the employer is not allowed to work unless no local will do it. It is a strange concept, but that is how the government protects their native workforce.
The other thing is that since Latin America is comprised of many nations, each country has their own economic strengths. For example, Central America is an inexpensive tourist destination, and perfect for those types of businesses. However, if you are interested in banking and finance, then Brazil or Argentina are the places to start.
Travel and tourism businesses are among the most inexpensive and easy to set up. There is no shortage of visitors to Latin America each year, and this means there is always room for new businesses in those areas of the economy.
One great way to invest in these countries is through language schools. Many are looking for ways to learn as well as improve their English skills in order to be competitive in the global economy, and there are not enough schools or native English teachers. Very easy to set up and lucrative, opening an English school is a great way to start a business.
No matter what type of business in Latin America you are interested in pursuing, there is a good chance that you can find the perfect niche. Make sure to contact a local attorney who can walk you through all of the details, opportunities as well as limitations of being a foreign investor. Also, it will be very helpful if you have a working knowledge of the Spanish language. It will increase your chances of success and also impress future customers, investors and employees as well.
The only serious complication with regards to starting a venture is that each country has different rules covering foreign ownership of companies. So, depending on the type of business you are considering, thoroughly research where you will have the best opportunities.
For example, Costa Rica will allow anyone to invest and own a business. But they also require that employers only hire local employees, and the employer is not allowed to work unless no local will do it. It is a strange concept, but that is how the government protects their native workforce.
The other thing is that since Latin America is comprised of many nations, each country has their own economic strengths. For example, Central America is an inexpensive tourist destination, and perfect for those types of businesses. However, if you are interested in banking and finance, then Brazil or Argentina are the places to start.
Travel and tourism businesses are among the most inexpensive and easy to set up. There is no shortage of visitors to Latin America each year, and this means there is always room for new businesses in those areas of the economy.
One great way to invest in these countries is through language schools. Many are looking for ways to learn as well as improve their English skills in order to be competitive in the global economy, and there are not enough schools or native English teachers. Very easy to set up and lucrative, opening an English school is a great way to start a business.
No matter what type of business in Latin America you are interested in pursuing, there is a good chance that you can find the perfect niche. Make sure to contact a local attorney who can walk you through all of the details, opportunities as well as limitations of being a foreign investor. Also, it will be very helpful if you have a working knowledge of the Spanish language. It will increase your chances of success and also impress future customers, investors and employees as well.
About the Author:
David Bess specializes in assisting companies to successfully import and export with Latin America. To access to his valuable resources, tips and links, click here exporta
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