South American Real Estate News

Chile is the best country in Latin America and the Caribbean to do business

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Chile is the best country in Latin America and the Caribbean to do business

According to the latest ranking published by Forbes, Chile was ranked 24 ° among the best counties to do business worldwide and was the first in Latin America and the Caribbean. The ranking includes 134 countries.

Peru, meanwhile, is ranked 42 ° at the international level and won second place in the region. Trinidad and Tobago is in third place (49 °), Mexico’s fourth (57 °) and Panama’s fifth (60).

Uruguay (61 °), Colombia (62 °) and Costa Rica (69 °) on a regional occupy the sixth, seventh and eighth place respectively.  Jamaica (70 °) and Brazil (73 °) close the list of top ten countries of Latin America and the Caribbean.

Dominican Republic (76 °), El Salvador (81 °), Paraguay (85 °), Guyana (88 °), Guatemala (91 °) and Argentina (95 °) are within the top 100 countries for doing business.

Forbes established as best countries to do business on a global level: Canada (1 st), New Zealand (2 °) and Hong Kong (3 °), followed by Ireland, Denmark and Singapore. Closing the top ten countries list are Sweden, Norway, United Kingdom and the United States.

On the other hand, the worst performing countries were Burundi (132 °), Zimbabwe (133 °) and Chad (134 °).

The organization explains that the ranking considers 11 different factors in a total of 134 countries. Among the surveyed are: private property rights, innovation, taxation, technology, corruption, personal freedom, economic and trade and business protection, among others.

Within the list, Chile is reviewed as a market economy characterized by a high level of foreign trade and a reputation for having strong financial institutions. It also points to its sovereign rating, the strongest in South America.

Source: Forbes

 Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Uruguay and Chile, providing expert advice on property acquisition and investment tours.

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