There is a growing international business community in Colombia. Hundreds of well-known and established companies are committed to a long-term presence. Medellin is growing at a tremendous rate.
Most companies know their risk profiles. They take appropriate measures. It is expensive to do business in Colombia relative to other Latin American countries. The cost of doing business in Cartagena and Bogotá reflect costs that are similar to major U.S. and European cities.
The government of Colombia is working to improve the country’s infrastructure (ports, roads, and communications) as a means of promoting a modern business environment and lowering operating costs.
There is also a growing foreign retirement presence in Medellin. This is due to it’s moderate climate and excellent standard of living.