Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Events
    • Shop
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • United Kingdom
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
      • Middle East
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Events
    • Shop
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • United Kingdom
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
      • Middle East
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

This field is for validation purposes and should be left unchanged.
  • Your Escape Plan

Colombia’s Cities of the Future

  • BY Brooke Cobb
  • March 8, 2018
Total
0
Shares
0
0
0

Colombia is home to cities that are thriving economically, and they’re gaining recognition in publications everywhere as “Cities of the Future” (aka, cities for future investors). These types of rankings typically take the same categories, or variations of them, into consideration when making these judgements. These categories are: economic potential, human capital and lifestyle, costs, connectivity, business-friendly environment, and promoting of foreign investment.

When the Colombian government signed its peace treaty in 2016 and ended its 52-year long civil war, President Santos received the Nobel Peace Prize, Colombia was named Country of the Year by the Economist, and the World Bank praised Colombia for its new economic potential. After all of that positive change, it’s no wonder Colombia’s cities are catching so much attention. There’s a good chance Colombia could be the next superpower of foreign investment.

 

Bogota

There was a five-fold increase in foreign investment in Bogota during the time between 2002 and 2010. This city experienced a great economic growth of 6 percent in 2011, and then further growth (4.5 percent) in 2012. Being the diverse economic superpower that it is, it only makes sense that Bogota is the source of 25 percent of Colombia’s GDP.

One thing that Bogota is especially known for is promoting foreign investment. It has even been offering programs in order to attract foreign investment, recognizing this as a beneficial way to grow the economy. Thanks to its greatly improved security environment, Bogota also offers improved economic and regulatory conditions for investors. It’s main sector for investment is services, with a focus on real estate.

 

Medellin

Medellin has seen the most progress of any city in Colombia over the last decade. Anyone who still associates it with Pablo Escobar is in need of a serious update on today’s conditions in the city. This city is no longer even in the top 50 of the world’s most dangerous cities, although a few U.S. cities are.

Medellin is now known as the blossoming tech hub of Colombia. It is a world of start-ups and venture capitalists, and some are even comparing it to Silicon Valley. The reason it’s getting attention as a “City of the Future” is thanks to its foreign direct investment strategy. It’s within the top ten strategies across the major cities in the Americas.

 

Cartagena

Cartagena has more than a tourist hub (thanks to its colonial and historical beauty) to offer Colombia’s economy. This city is the top industrial city in the Colombian Caribbean, and it is also home to one of Colombia’s most important ports. This port offers connections to 614 other ports, 140 countries, and 25 shipping lines. This city is also the country’s main producer of petrochemical products, and it is home to Latin America’s most modern oil refinery.

Cartagena has been ranked number one across the Americas for foreign direct investment strategies among large cities – even above Las Vegas and Orlando in the United States! Investors receive tax benefits to include “free zones,” areas in which income tax rates are reduced to 15 percent and exemptions of the value added from raw materials and finished goods. There is even a program for helping investors who wish to expand or set up chains in the city!

 

Cali

Cali is considered the economic heart of the southwest part of the country. It also has one of the fastest growing economies

in all of Colombia. It is among America’s top ten major cities for foreign direct investment strategy and ranked 10th among the Americas for cost effectiveness. In Latin America, it falls second only to Bogota for the former.

Consider that Cali was able to watch the growth of Bogota and Medellin on their way to success and has been given the opportunity to learn from them. For example, rather than focusing on education and IT in the way that Medellin has, Cali has chosen to undertake restoration strategies for the colonial and historical buildings of the city – which is proving to be sustainable.

In addition, Cali is the center of the world’s top sugar producing regions and it’s also the host of the famous Cali Fair, that every year boasts opportunities for direct investment in industries like agriculture, tourism, cosmetics, and hygiene.

Several other cities in Colombia are also showing economic growth and potential, making their way up the ranks to earning honorable mentions, such as Pereira, Neiva, Ibague, and Barranquilla. Keep an eye on Colombia’s market for foreign investment and make sure not to miss out on any big opportunities!

Here is probably the most extensive article on Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments. It is called The Ultimate Guide To Going Offshore.  You can download this epic post for your personal library.

I hope you’ve found this article on Colombia’s Cities of the Future to be helpful. For more information, or for assistance with residency in Colombia or elsewhere, please contact us HERE today!

Here are a few articles on Colombia that you may enjoy reading!

Here are a few articles on Colombia that you may enjoy reading!

The Fast Track To Colombian Residency

Four Reasons You Should Retire in Cartagena, Colombia

Christmas in Colombia

Driving in Colombia – Part 1

Folkloric Dance in Colombia

The Expat Life in Cartagena, Colombia

 

 

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • getting settled
  • local customs and etiquette
  • safety and security
  • South America
  • weather and climate
Previous Article
  • Portugal

Portugal’s Golden Visa

  • BY staffwriter
  • January 31, 2018
View Post
Next Article
  • Your Escape Plan

Don’t Lose Money on Your Overseas Investments: Contact Moneycorp

  • BY Tyler Sorce
  • April 4, 2018
View Post
You May Also Like
Presidents Week 2025: Building the Future of Global Wealth
View Post
  • Presidents Week
Presidents Week 2025: Building the Future of Global Wealth
  • BY EA Editorial Staff
  • October 22, 2025
How Belize is emerging as a digital gateway for global investors
View Post
  • Plan B
Belize Is Emerging as a Digital Gateway for Global Investors
  • BY Luigi Wewege
  • October 22, 2025
Craggy cliffs and quiet harbors frame life in the Isle of Man
View Post
  • Your Escape Plan
Life and Opportunity on the Isle of Man
  • BY Aneesa Marufu
  • October 20, 2025
Welcome sign in Puerto Viejo de Talamanca, a laid-back Caribbean town that offers one of Costa Rica’s most colorful and affordable coastal lifestyles.
View Post
  • Costa Rica
Your Guide for a Smooth Transition Moving to Costa Rica
  • BY Carla Rodrigues
  • October 20, 2025
Top 10 Cities in Ecuador to Visit and Live In
View Post
  • Know Before You Go
Top 10 Cities in Ecuador to Visit and Live In
  • BY EA Editorial Staff
  • October 17, 2025
Starting a Business Abroad - A world of new markets and global possibilities
View Post
  • Business
The Beauty of Starting a Business Abroad
  • BY Aneesa Marufu
  • October 17, 2025
Cost of Living in Spain: What to Expect in 2026
View Post
  • Spain
Cost of Living in Spain: What to Expect in 2026
  • BY EA Editorial Staff
  • October 16, 2025
Costa Rica Cost of Living Guide: Prices, Budgets, and Tips
View Post
  • Costa Rica
Costa Rica Cost of Living Guide: Prices, Budgets, and Tips
  • BY Carla Rodrigues
  • October 15, 2025
Trending Posts
  • How to Legally Pay Less Tax Abroad 1
    • Plan B
    How to Legally Pay Less Tax Abroad
    • October 15, 2025
  • How Belize is emerging as a digital gateway for global investors 2
    • Plan B
    Belize Is Emerging as a Digital Gateway for Global Investors
    • October 22, 2025
  • Starting a Business Abroad - A world of new markets and global possibilities 3
    • Business
    The Beauty of Starting a Business Abroad
    • October 17, 2025
  • 7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle 4
    • Mexico
    7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle
    • October 14, 2025
  • Tamraght, Best Digital nomad destinations in Morocco 5
    • Morocco
    The Hottest New Digital Nomad Destination in Morocco
    • October 24, 2025
Advertise
Know Before You Go
  • Tamraght, Best Digital nomad destinations in Morocco 1
    • Morocco
    The Hottest New Digital Nomad Destination in Morocco
    • October 24, 2025
  • Living in Paris: Digital Nomad Guide 2
    • Digital Nomadism
    A Digital Nomad’s Guide to Living Like a Local in Paris
    • October 22, 2025
  • 3
    • Mexico
    Top 10 Things to Know if You’re Moving to Mexico
    • October 21, 2025
  • Craggy cliffs and quiet harbors frame life in the Isle of Man 4
    • Your Escape Plan
    Life and Opportunity on the Isle of Man
    • October 20, 2025
  • Welcome sign in Puerto Viejo de Talamanca, a laid-back Caribbean town that offers one of Costa Rica’s most colorful and affordable coastal lifestyles. 5
    • Costa Rica
    Your Guide for a Smooth Transition Moving to Costa Rica
    • October 20, 2025
Learn More
  • About us
  • Contact
  • Advertise
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/