| Quick facts about Latin America | | | | 2. Tax breaks |
| Latin America is made up of the following countries: | | | | Some countries, such as Panama, have pursued |
| Brazil, Mexico, Argentina, Colombia, Chile, Peru, | | | | special programs to attract foreign companies by |
| Venezuela, Guatemala, Ecuador, Costa Rica, Cuba, | | | | attributing low tax rates to foreign companies willing to |
| Uruguay, El Salvador, Paraguay, Bolivia, Panama, | | | | invest in the country. This has been a successful |
| Honduras, Nicaragua, Guyana, Suriname, Netherlands | | | | strategies which has been adapted by other countries |
| Antilles and Belize. | | | | in the region. |
| The official language in a large part of the region is | | | | 3. Cost of living is lower |
| Spanish. The official language in Brazil is Portuguese. | | | | Everything is less expensive than where you probably |
| The business community generally speaks English. | | | | live now. I was so surprised when I moved to the |
| The population of this region is approximately 569 | | | | region how inexpensive it was to have a very |
| million people. This is an very good option for | | | | comfortable live. Real Estate, food, health care cost a |
| companies looking to expand their business into new | | | | fraction of what I used to pay. |
| markets as Latin America America has been | | | | 4. Presence of tax free zones |
| experiencing stable democracies and increased | | | | These zones are one of the most important trading |
| disposable income. | | | | platforms in the region. They allow companies to pay |
| What are the advantages of doing business in Latin | | | | very low import and export duties. This allows the final |
| America | | | | price of the products to stay competitive therefore |
| 1. Low labor cost | | | | having a better chance of being sold. |
| Wages are much lower than in other, more developed | | | | The advantages stated above allows international |
| countries. Thanks to this, companies can keep the | | | | companies to pursue this market with much lower |
| overhead costs low. | | | | risks. |