Bolivia’s macroeconomic stability, abundant natural resources, and strategic location in the heart of South America make it an attractive country for investors. Its natural resources (hydrocarbons, mining sector – South America’s second largest gas reserve and the world’s largest lithium reserve) and transport and communication sectors provide investment opportunities.
However, Bolivia has low levels of FDI due to the current government’s restrictions and discrimination against foreign investors. Reforms are needed on legal frameworks and rule of law. Ranked 150/190 for Ease of Doing Business, incorporation takes some 43 days. But, with its 43 required tax payments per year, your taxation admin alone can take over 1,000 hours.
Since many investors see Bolivia as a difficult country for investment, there is a distinct lack of competition, making it easier make a new venture successful – but you’ll definitely need local expertise to navigate Bolivian bureaucracy.
AUXADI can become your ideal investment partner in Bolivia. From our office, located in Bolivia, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.