Colombia This is one of the most attractive countries in South America and hosts attractive cities to live in, such as Medellin. This country is past the days of Pablo Escobar and directing their focus into the future. It is enjoying economic stability and great development.After a couple of months, a government entity is scrutinized and even dissolved just to do away with corruption that once strapped economic growth.Even though there are things yet to be done, a new future for investors is unfolding in this country.Colombia is a great exporter of its products. It exports 7 times to the United States as much as it does to China, the next country on top of the global economy. Colombia also imports much from other countries from the Middle East as much as it does for US. It is imperative that the country has something good going on. Colombia may not have the economy that is referred to as technologically advanced, but we know that a country can make great strides without that.The last time we checked, producers’ still need raw materials and commodities, and the country does not only have them, but a means of capitalizing on them. Out of the 17 countries exporting petroleum, Colombia exports more of it. At a cost of $80 per barrel, that amounts to approximately $23 billion dollars per year.After his victory in May 2014 elections, the country’s president Juan Manuel Santos promised to take the trade liberalization program to a higher level by lowering the corporate income taxes among other incentives. The corporate income tax of the country stands at 25%, being the 2nd lowest after Chile’s.
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