Colombia wooing Jamaican hoteliers - Business - JamaicaObserver.com:
Read more: http://www.jamaicaobserver.com/business/Colombia-wooing-Jamaican-hoteliers_12840245#ixzz2AOC5Zsev
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COLOMBIA is trying to entice Jamaican investors to help develop its hotel and tourism sectors.
"All revenue for running the hotel will be exempt from tax," said Carlos González, the Caribbean executive director of Proexport Colombia, the country's government entity dedicated to international tourism and non-traditional exports.
  Colombia is open to investors, said Carlos González, Proexport Colombia’s executive director for the Caribbean. (Photo: Napthali Junior) 1/1  |
To make welcome local tourism investors, the Colombian government has set up a 30-year tax incentive scheme under the condition that investments start in 2018.
Colombia has been undergoing a transformation process with a stable inflation rate of 3.7 per cent. González added that the unemployment rate has been down — it dropped below 10 per cent last month — and the country has grown on average of five per cent in recent times.
Why seek Jamaican investors?
"Our country is more secure... we have been growing above average (in the region)," González said.
It's only natural to appeal for investment in the hotel and tourism sectors, he added.
San Andres, the island, 35 miles from the Colombian mainland with a population of 74,000 people, has been fingered as one of the hotspots to construct hotels. González said the island, which was declared a UNESCO biosphere reserve, protecting its ecosystem.
Read more: http://www.jamaicaobserver.com/business/Colombia-wooing-Jamaican-hoteliers_12840245#ixzz2AOC5Zsev
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