These Five Cities are Latin America’s Newest Business Hubs

Home to a wealth of history, a myriad of cultures, and number of incredible views and heritage sites, Latin America has long been known as a great travel destination.

Nevertheless, you might not know that the region is also en route to becoming one of the West’s top employment hubs.

Thanks to low competition, untapped markets and favorable start-up costs, entrepreneurs and business owners have quickly realized that the area is an ideal spot to set up a business of any size, no matter where you hail from across the globe.

If you’re considering relocating somewhere in the region to kick-start or revamp your career, here are the five cities that should be at the top of your list.

As the capital city of Nuevo León and the US’s biggest trade partner in the area, Monterrey is a true hub for business and employment, producing a GDP of US$78.5bn (£60.82bn).

Monterrey is home to many profitable Latin American industries, such as brewing, steel productive and the automotive sector. The city’s tech sector grew three times faster than the global average in the second half of the 2010s, making the city an ideal location for new entrepreneurs to try and make their mark in the world.

Santiago is the capital and largest city of Chile, as well as one of the most populated in the country.

Santiago boasts some of the country’s lowest tax rates and highest trade deals, enabling it to cement itself as the industrial and financial center of Chile.

The city is now home to a growing start-up scene, known as the Chiliceon Valley, and government-led funding programs that help entrepreneurs kick-start their careers.