By: Erica A. Murray
Buenos Aires is one of the largest cities in Latin America. It also ranks as the leading financial, industrial, commercial, and cultural hub of the region. Due to the changes in the world’s economy, the economic profile of Buenos Aires is going through a deep transformation. With that stated, it makes Argentina an emerging market with a plethora of opportunities and a tremendous upside potential for investors, business owners and entrepreneurs. Argentina is a market that has favorable demographics, global export demand, superior quality of life and a surging tourism sector. Their economic climate is diverting from a heavily industrialized base, to service and technological activities. Seventy-eight percent of the city’s economy is produced from the service sector and is highly recommended by businessmen from all over the world. Other sectors with a significant influence are advertising, agriculture, manufacturing, and some additional sectors.
The top ten imports of this country are:
- Vehicles and Auto Parts
- Equipment and Machinery
- IT – High Tech Products
- Petroleum and Minerals
- Organic Chemicals
- Plastics
- Pharmaceuticals
- Iron and Steel Products
- Inorganic Chemicals
- Optical Instruments
In an attempt to facilitate entrepreneurship and encourage Foreign Direct Investments in the City of Buenos Aires, there has been a series of strategically designed programs and incentives established for various industries in multiple areas of the city.
- Information Technology and Communication
- Real Estate Development
- Audio Visual Industry
- Tourism
Outside of being a beautiful tourist attraction, Argentina is a lovely terrain for the business owner or entrepreneur and they should consider investing today! No visa is required for travel and migrating there and it’s painless with the flexible immigration laws surrounding naturalization. What are you waiting on?
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Erica A. Murray is an International Business Consultant and is the owner of a boutique consulting firm, Erica A. Murray Consulting and may be reached at 800-580-2113 x 2200 or you may visit her websites (www.ericaamurray.com or www.ceotothepowerofyou.com).
