Doing business in Bolivia
The Plurinational State of Bolivia, commonly known as Bolivia, is a country in South America. It was the world’s 97th largest economy by nominal GDP in 2016.
Bolivia’s great natural resources are what make it attractive to investors. The country has large reserves of tin, silver, lithium, and iron ore, and the second largest natural gas reserves in South America. The country also has natural reserves of gold, copper, zinc, plumb, antimony, sulphur, borate, potassium, semiprecious stones and forest resources with fine and exotics woods. Key sectors in Bolivia include mining, manufacturing and petroleum.
As a member of the Andean Community, MERCOSUR and Latin American Integration Associations (ALADI, in Spanish), Bolivia provides investors with access to a 270 million people potential market.
TMF Group facilitates entry into the Bolivian market
TMF Group has a solid team of experts in Bolivia, assisting local and international clients with financial, legal, HR and payroll services. We can get you set up, provide a single point of contact and take care of those non-core elements that keep your business moving, allowing you to focus on what you do best: selling your products and services.
When entering a new market, companies must ensure a complete understanding of local laws and regulations - otherwise they could face risks to their reputation, fiscal penalties, loss of business opportunities and legal action. TMF Group helps companies stay compliant with local regulations and filings and set up in Bolivia with speed, safety and efficiency.
Understanding the complexities of local laws, regulations, processes and requirements is at the heart of what we do. From whatever country you are in, our wholly-owned and independent offices across the globe can help launch your entry into the Bolivian market, ensuring you reduce risk and simplify operations.