Because the potential investor
will find the following advantages in Bolivia:
-
A favourable business atmosphere
-
A democratic and representative
system has been created in Bolivia, with a stable economy
and, a constructive consensus policy.
-
A sustained economic growth
in the last few years and, an economic stability upheld
despite harsh foreign criticism.
-
Inflation rate in the last
15 years is at its lowest in Latin America. An inflation
rate of 4.2% was recorded between June 1999 and June 2000.
-
Geographic position
-
Bolivia sits in the heart
of the South American continent and, that gives it a strategic
position to gain access into the neighbouring countries.
Market
access
Bolivia is a member of the World
Trade Organisation (WTO), the Latin American Integration
Association (ALADI), the Andean Community (CAN) and, it
is also an associated member of the Common Southern Market
(MERCOSUR) Hence, Bolivia is part of a market of over 700
million inhabitants.
It has access to the U. S. and
the European markets and, it is tagged as the most highly
favoured country because of the lien preference law (ATPA)
and, the generalised preference system (GSP), respectively.
Excellent
Investment Initiatives
-
Foreign investors have the
same rights, obligations and guaranties laws and regulations
grant the national investor. Besides, they are granted
property rights.
-
A free exchange system is
guaranteed and, there are neither capital import or export
restrictions, nor on the remittance of dividends, interests
or royalty proceedings resulting from technology transfer
or other mercantile concepts.
-
Goods and service production,
trading, import and export freedom as well as free price
determination is guaranteed.
-
Free currency convertibility
and, the faculty for anyone economic agent to perform
any form of local or foreign currency exchange is guaranteed.
-
Goods and services exporters
are refunded internal revenue taxes and, liens paid out
when raw materials and goods incorporated to export goods
within the framework of tax neutrality.
-
There is a simple and attractive
taxation system current in Bolivia. Investors have access
to local fiscal loans and, also in many countries for
taxes paid in Bolivia.
-
The more common taxes to
take into account are: 13% (VAT) or Value Added Taxes,
3% non deductible Transactions Tax (IT) and, Profit Taxes
(IU) equivalent to a 25% of the profits paid on an annual
basis.
(Information
provided within this page has been obtained from Centro de
Promoción Bolivia - CProbol)
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