Colombia unveils plan to boost foreign investment, multinational relocations

FILE PHOTO: People walk inside a shopping center in Bogota, Colombia July 15, 2019. Picture taken July 15, 2019. REUTERS/Luis Jaime Acosta

The plan, which includes tax incentives and bureaucratic simplifications, is meant to encourage multinationals from the United States and other countries to relocate their operations from Asia. Mega-investments are the term used by the government to refer to investments worth more than $280 million. Foreign direct investment in Colombia contracted 21.9% to $4.67 billion between January and July, according to the country’s central bank. The figure for the year is predicted to be well below the $14.6 billion in 2019.

Where do I apply for citizenship, America is not looking so hot right now...

Invest in a country with high taxes, high energy costs, an upward trend in criminal activity and murders of social leader, and a failed judicial system?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what happened to the stock market on FridayWall Street wrapped up a record setting week with solid gains on the back of strong U.S. economic data. The rich got richer thanks to Powell. the market went up due to unprecedented money printing and euphoria over AAPL and TSLA...and pros sucking in more retail only to pull the rug out in due time Are we having fun yet!? ;)
Source: CNBC - 🏆 12. / 72 Read more »