Why I Chose NOT to Start My Business in Latin America
Feb 25, 2025
Discover the allure of Latin America as a business destination contrasted with its significant bureaucratic and regulatory hurdles. Explore insights on the complex landscape of launching in countries like Panama and Colombia. While the lifestyle may be appealing, challenges in banking and compliance could hinder global business aspirations. Learn why selecting a more business-friendly jurisdiction might be the smarter choice for entrepreneurs seeking to thrive internationally.
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volunteer_activism ADVICE
Think Internationally
Think internationally when taking your business overseas.
Diversify your business with employees and customers worldwide.
insights INSIGHT
Global Hiring and Taxes
Hire the best talent globally, regardless of location.
Each country has different tax regulations for freelancers and businesses.
question_answer ANECDOTE
Ease of Starting a Business
Colombia ranks high in ease of starting a business among Latin American countries, even surpassing New Zealand.
However, it's still harder than starting a business in the U.S. or UAE.
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Become a Client: Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: Join us for the next Nomad Capitalist Live event: In today's episode, Mr Henderson shares why he chose not to start a business in Latin America. While Latin America offers great lifestyle and investment opportunities, it also comes with bureaucratic challenges, banking difficulties, and regulatory hurdles that can make running a global business more complicated. He breaks down the key factors to consider and how they compare to more business-friendly jurisdictions. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: Our Website: About Our Company: Buy Mr. Henderson’s Book: DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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