Why Bolivia?
It’s great natural resources that make Bolivia attractive to investors. The country has large reserves of tin, silver, lithium and iron ore, plus the second-largest natural gas reserves in South America.
Natural reserves abound, with gold, copper, zinc, plumb, antimony, sulphur, borate, potassium and semi-precious stones on offer, as well as forests with fine and exotic woods. It’s no surprise, then, that Bolivia’s key sectors include mining, manufacturing and petroleum.
TMF Bolivia has more than a decade of experience assisting local and international clients. Its historic growth was bolstered by the acquisition of Ernst & Young’s outsourcing unit business portfolio in 2006, and by later acquisitions of portfolios from KPMG and Ruizmier. That expansion helped us to open a second office in 2007, setting up in the city of Santa Cruz de la Sierra, the engine of the Bolivian economy.
Throughout this time, TMF Bolivia has been the country’s leading provider of accounting, tax compliance, human resources, payroll and management of legal entities, servicing both local and global customers.
Our core areas of expertise
TMF Bolivia has more than 40 employees with vast experience and knowledge of the local market. All of our staff are members of relevant industry alliances, such as the Association of Auditors of Bolivia and Bolivian Bar Association for Lawyers.
The support of a global network of professionals allows us to serve clients across different industries such as technology and communications, heavy machinery and spare parts, mining, construction, railway and cable cars, embassies and consulates and NGOs by providing flexible and customised solutions suited to their needs.
At TMF Bolivia we adhere to the highest international standards of Information Security Management as we operates under ISO 27001 and International Standard on Assurance Engagements (ISAE) 3402 certifications.
We are part of the Chamber of Industry and Commerce of the East (Cámara de Industria, Comercio, Servicios y Turismo de Santa Cruz Bolivia CAINCO) and the American Chamber of Commerce (AMCHAM).
TMF Bolivia works in accordance with international standards such as IFRS, US / UK GAAP
Our full range of services include:
- Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
- Capital Markets Services: We provide support to capital market transactions at local level and on a global scale. We help to manage and administer a wide range of transactions, from a complex multi-tranche securitization to a project finance transaction or a syndicated loan. We can also help direct lenders in need of support to administer their loan portfolio.
- Fund services: We work with structures across the full investment spectrum, from private equity and real estate funds, to trade financing, debt and fund of fund structures.
- Global Entity Management services: We provide support at every stage of your business lifecycle. Our multi-disciplinary expertise - in corporate secretarial, regulatory compliance, fiduciary services and more - is your outsourced answer to managing and maintaining entities across borders.
- HR and Payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.