Attitude Consulting Survey LATAM | Page 11

LATAM : Foreign Investors Survey 2017
Santiago Concha explains that the opportunities in Colombia are in mining and gas / oil , since the little companies have broken or are leaving , leaving places to provide infinite services ; and in the infrastructure sector , especially the 4G roads . In fact , many companies went without financial support and now that they have to make financial closures they are forced to sell positions . The Fourth Generation ( 4G ) of Colombia ’ s Highway Concessions is a road infrastructure program that involves the construction and operation of more than 8,000 km of roads and 159 tunnels in more than 40 new concessions . Its main objective is to improve the competitiveness of the country , reducing the cost and time of transportation of people and goods from the points of manufacture to the ports of export . The concessionaires do not receive any type of remuneration until the end of the construction phase .
From its part , Peru reported a flow of $ 7,817 million of foreign direct investment in 2015 . 85 % concentrated in the mining , finance , communications , industry and energy sectors . The country currently enjoys a state of economic , political and social calm . Its labor regulations are not a brake on investment but it must improve its levels of corruption and clarify its fiscal framework regarding foreign investors .
As for Uruguay , it is distinguished by its institutional stability , strong separation of powers , legal certainty , low level of corruption , educational level , equal treatment and protection of foreign investment with the possibility of accessing important tax benefits . Geographically it is also ideally located at the end of the so-called Hidrovía ( connecting Paraguay to the Atlantic Ocean ), and has a world-wide port .
In addition , Lilian Arias and Zygmunt Brett , Arias ’ co-managing Partners in El Salvador , explain that “ in the Central American region the increase in investment in the renewable
“ Panamá is the ideal destination for foreign investment . It is an international financial center with a world-class communications platform and economic , political and social stability .”
JOSÉ AGUSTÍN PRECIADO , PARTNER , FABREGA , MOLINO , MULINO energy sector is highlighted by the openness of governments in providing incentives to diversify their energy matrices , and in the last year the financial sector also attracted large amounts of investment in all countries . On the other hand , each country offers opportunities according to the dynamics of its economy and the resources that it possesses . For example , in Panama the investment trend in recent years has been in logistics and agro-industries , while Costa Rica attracts investment in the real estate sector focused on tourism , as well as technology . Guatemala has grown in investment in the trade and manufacturing sectors , Honduras and Nicaragua stand out for the growing investments in the telecommunications and real estate sector and in El Salvador the main investments have been in the acquisition of companies with local operations .”
Costa Rican lawyers also make a very positive assessment of the advantages of their country , particularly regarding to the high level of education of the population , good working environment and in the sense of service , its strategic geographical location . At the political level , there is great stability , adequate independence of powers and an enviable level of democracy . Finally , there is good economic stability as well as an adequate investor protection legislation .
In the case of Guatemala , Alfredo Rodríguez Mahuad of Consortium Legal emphasizes the reduction of investment restrictions , the low complexity of the tax system and the reasonable tax impact . In addition , José Guillermo Bonilla , from Bonilla , Argueta , Zarceño & Alvarado , states that “ Guatemala offers the advantage for the foreign investor to be experiencing a tendency to strengthen institutions and , in general , the regulatory framework , with the aim of discouraging corruption , eliminating impunity and increasing the transparency of government activity .”
From its part , Brazil remains the country that offers the most opportunities of the most size and relevance . However , the political and economic crisis that is affecting it has taken away the leading role among investors , who often prefer other countries in the Region to be more predictable and to better implement projects . “ But what we are feeling is that the companies that know the country better and that have a proven longterm commitment to Brazil continue to allocate many resources and value new opportunities . I think we will soon see a new and renewed wave of investment ,” says Andoni Hernández Bengoa , Demarest Avogados .
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