India-Latin America & Caribean Countries Magazine.pdf

GIBF
ISO 9001:2015 Certified
Special Edition
We connect every corner of the world (GIBF)
Latin
America
and
the
Caribbean
Emerging Markets
Brazil
Argentina
Mexico
Trinidad &
Tobago
Cuba
Costa-Rica
Peru
El Salvador
Uruguay Guyana
Venezuela Chile
Business Opportunities in
India-Latin America
&
Caribbean Countries
Business Conclave
nd
2
March 2024

97,000+
Associate
Members
9000+
Corporate
Members
350+
Business
Aﬃliations
The Business Tycoons is not responsible for statements made or for opinions expressed
in the articles published in this volume and Publisher accepts no responsibility for
accuracy of information, errors or omissions and rejects any claims arising out of any
actions which the company or individual make on the basis of information contained
herein.
No part of this publication may be reproduced by any means without prior permission from
editor to use content including text, photos, illustrations and logos.
Use of the magazine content without the express written permission of
GIBFAssociates Private Limited or copyright owner is expressly prohibited.
All rights reserved. Title is protected through a registered with India Patent &
Copyright
India Copyright Act 1957.
Contact Information
For Subscriptions / For Advertising -
Email or
: info@gibf.biz
call at +91 853 0556 006 / 91 866 9957 199 /
91 853 0276 006
Website : https://www.thebusinesstycoons.com
Special Edition
Emerging Markets - Latin America
and the Caribbean
nd
02 March 2024
GIBF’S
STRENGTHS
THE BUSINESS TYCOONS
01) About GIBF 03
02) President’s Message 04
03) India-Caribbean Countries - Historic Ties, Diplomatic Relations, Trade and Cultural Exchange 05
04) India-Latin America - Burgeoning Economic and Cultural Relations 06
05) A) Outgoing Delegation to Ethiopia
B) India-Tanzania Investment Forum 07
06) India-Africa Business Conclave, Pune 08
07) India-Asia Business Conclave, Pune 09
08) Business and Cultural Council - A GIBF Initiative 10
09) The Caribbean Countries - Stunning Beauty and Growing Economy 11
10) Latin America - Rich Cultural Heritage and Diverse Economy 12
11) Mexico - Colorful Traditions and a Thriving Economy 13
12) Brazil - Diverse, Dynamic and Economically Signiﬁcant 16
13) Uruguay - A High-income, Export-oriented Country 19
14) Trinidad and Tobago - Breath-taking Coastlines and a Robust Economy 22
15) Venezuela - Abundant in Natural Resources and Cultural Richness 25
16) Chile - A Favourable Business Destination 28
17) Guyana - A Developing Economy worth Exploring 31
18) Peru - A Promising Market for Business Opportunities 34
19) Costa-Rica - A Business-friendly Country 37
20) El-Salvador - Expansive Opportunities across Sectors 40
21) Cuba - Abundantly Beautiful with Huge Investment Opportunities 43
22) Argentina - A Country Rich in Natural Resources 46
23) Editor’s Note 49
Embassies From
150+
Countries

lobal India Business Forum
G(GIBF) is an ISO 9001: 2015
certified company that is
creating and building a world
business community for the
prosperity of businesses globally.
Founded in 2016 by the visionary
leader Dr. Jitendra Joshi, today GIBF
is one of the fastest growing
networking platforms in the world
that has successfully connected
businesspersons from different
countriesandsectorsononeplatform.
The Global India Business Forum was
inaugurated with the vision to support
Micro Small and Medium Enterprises
(MSMEs), by the honourable
governor of Rajasthan, Shri Kalraj
Mishra who was then Cabinet
Minister for Micro Small and
Medium Enterprises. This platform is
not only for India that is the prime
focus, but also for MSMEs across the
world.
The GIBF is aligned with the Indian
Government's initiatives such as
“Make in India” “Aatmanirbhar
Bharat Abhiyan (Self-reliant India
Mission),” and “Skill Development”,
which can be advantageous for
businesses looking to leverage these
government-drivenprograms.
We, at the GIBF, bridge the gap
between demand for opportunities
and their supply by conducting
webinars, seminars, felicitation
programmes, conclaves and
conferences at the national and
international level. These webinars,
seminars and conferences help
Ambassadors and Consul Generals of
various countries shed light on several
business opportunities their countries
have in store for foreign investors.
They also help businesspersons
About GIBF
identify business opportunities that best
suit them and we shall help them come
togetheronourplatform.
There are ample opportunities for both
Indian and Global companies to run
start-ups and make exponential growth
in all business sectors. These initiatives
also provide a golden opportunity for
Indian MSMEs to promote themselves
and show their true potential to grow and
flourish. GIBF promotes such
initiatives.
GIBF consists of members from all
fields of business, industry, academics
and other professions without any
segment boundaries. GIBF has its head
office in Delhi, corporate office in Pune,
India and global offices in Dubai, USA,
UK, Singapore and China. It also has a
presence in Mumbai, Chennai,
Ahmedabad, Kolkata and Cuttack in
India.
We value holistic growth, humanistic
diversity and are committed to
P r o f e s s i o n a l i s m , E x c e l l e n c e ,
C o m m u n i t y I n v o l v e m e n t ,
Accountability and Timely Progress
withEthicalValue.
We are connected with embassies of 150
plus countries, have 9000 plus corporate
members, 97000 plus business associate
members, 350 plus business groups on
social media platforms, 350 plus tie-ups
with trade/business associations
globally.
We have branches in all the metro cities
of India. We conducted 150 plus
national and international trade fairs and
seminars.
GIBF is one of the most useful tools
when it comes to cultivating critical,
lucrative business opportunities, since it
has a high concentration of business
decision makers. Many eminent
personalities are connected with us.
Cultural activities, student connect
p r o g r a m m e , c o u n t r y c o n n e c t
programme, etc. bring together different
mindswithacommonpurpose.
GIBF knows the value of appreciation
and hence, felicitation programmes are
organized at International, National and
State level to recognize and appreciate
successful brands, business leaders and
young entrepreneurs. They are awarded
by governors, and diplomats of various
countries who are invited as chief guests
byGIBF.
It is an excellent platform to promote
Trade Fairs from across the globe,
where you are guided with the best
Trade Fairs to participate in, to broaden
your business horizons.You can register
for such Trade Fairs through GIBF.
Here you are facilitated with the most
viable National and International
Tenders for larger projects, contracts
andprocurement.
The GIBF management also initiated
Business and Cultural Councils with
different countries because we believe
business and culture go hand-in-hand.
GIBF feels that there are immense
business opportunities in every country
and GIBF wants to tap those unexplored
business opportunities. Business and
Cultural Councils are important
collaborations to propel bilateral trade
and cultural exchange while elevating
the economies of the countries
involved.
03 | www.thebusinesstycoons.com | www.gibf.biz

From the President's Desk
It is my honor and privilege to
welcome you all to the India-Latin
America and Caribbean Countries
Business Conclave. As the Founder and
President of Global India Business
Forum, I extend my warmest greetings
to each and every one of you. I am sure
this unique initiative by GIBF will
benefit all of you in expanding your
businesses.
This conclave stands as a testament to
t h e g r o w i n g s i g n i fi c a n c e o f
collaboration and partnership between
India and the vibrant economies of Latin
America and the Caribbean. Our
collective presence underscores our
shared commitment to fostering robust
trade relations, stimulating investment
opportunities, and nurturing cultural
exchanges.
India's relationship with the countries of
Latin America and the Caribbean holds
immense potential. We recognize the
rich diversity and dynamism of these regions, and we are eager to explore avenues for mutually beneficial cooperation across
various sectors. Whether it is in trade, investment, technology transfer, or knowledge sharing, there are countless
opportunitiesawaitingourexplorationandexploitation.
As we embark on this journey together, it is imperative that we approach our engagements with a spirit of openness,
innovation, and inclusivity. Let us leverage our respective strengths and resources to address common challenges, promote
sustainabledevelopment,andcreateamoreprosperousfutureforournationsandpeoples.
I encourage all participants to actively engage in fruitful discussions, forge meaningful partnerships, and explore new
avenues for collaboration. Let us seize this opportunity to build bridges, break barriers, and chart a course towards shared
prosperity.
In closing, I extend my best wishes to all of you. May our deliberations be marked by creativity, cooperation, and camaraderie,
pavingthewayforabrightertomorrowforIndia,LatinAmerica,andtheCaribbean.
Thankyou.
Sincerely,
Dr.JitendraJoshi
Founderand GlobalPresident
GlobalIndia Business Forum(GIBF)
Cherishing Old Bonds,
Revitalizing Relations
Greetings from the Global India Business Forum!
GIBF
ISO 9001:2015 Certified

ndia-Caribbean relations have been steadily growing over the years, marked by increased diplomatic engagement, trade,
Iandculturalexchange.
India and the Caribbean countries share historical ties dating back to the 19th century when Indian indentured laborers were
brought to the Caribbean to work on sugarcane plantations, primarily by British colonial authorities. This shared history has
createdculturalconnectionsandasenseofkinshipbetweenIndiaandtheCaribbean.
India has been actively engaging with Caribbean countries through diplomatic channels, including high-level visits, bilateral
meetings, and participation in regional forums. Several Caribbean nations have established diplomatic missions in India, and
viceversa,tofacilitatecloserties.
Trade and Investment: Trade between India and the Caribbean countries has been increasing, although it remains relatively
modest compared to other regions. There is potential for further expansion, particularly in sectors such as agriculture,
pharmaceuticals, information technology, and renewable energy. Indian companies have also shown interest in investing in
infrastructureprojectsintheCaribbean.
Cultural Exchange: Cultural exchange between India and the Caribbean is facilitated by the presence of a sizable Indian
diaspora in the region, particularly in countries like Trinidad and Tobago, Guyana, and Suriname. Indian cultural elements,
such as music, dance, cuisine, and religious traditions, have influenced Caribbean culture, and vice versa. Bollywood films
andIndianmusicarepopularamongCaribbeanaudiences.
Technical Cooperation: India provides technical assistance and capacity building support to Caribbean countries through
various programs, including scholarships for Caribbean students to study in India, training programs, and development
projectsinareassuchasagriculture,healthcare,andeducation.
Multilateral Engagement: India and the Caribbean countries often collaborate in multilateral forums such as the United
Nations and the Commonwealth. They work together on issues of mutual interest, including climate change, sustainable
development,andglobalgovernance.
Challenges and Opportunities: Despite the historical and cultural connections, India-Caribbean relations face challenges
such as geographical distance, limited direct connectivity, and competition from other global powers. However, there are also
opportunitiesfordeepercooperationintrade,investment,tourism,andculturalexchange.
Overall, India's relations with the Caribbean countries are characterized by shared historical ties, growing economic and
diplomatic cooperation, and a commitment to strengthening bilateral relations in various fields. Continued efforts to deepen
engagementandcollaborationarelikelytofurtherenhancethepartnershipbetweenIndiaandtheCaribbean.
India-Caribbean Countries
Historic Ties, Diplomatic Relations,
Trade and Cultural Exchange

India-Latin America
Burgeoning Economic and Cultural Relations
ndia-Latin America relations have been evolving over the years, driven by mutual interests in trade, investment, and
Iculturalexchange.
Trade between India and Latin American countries has been increasing steadily. Both regions have diverse economies,
offering opportunities for trade in various sectors such as agriculture, pharmaceuticals, information technology, and energy.
India has been particularly interested in Latin America's natural resources, while Latin American countries see India as a
marketfortheircommoditiesandproducts.
India has been signing bilateral agreements with individual LatinAmerican countries to enhance cooperation in areas such as
trade, investment protection, and cultural exchange. These agreements aim to facilitate business ties and promote economic
collaboration.
India has been actively engaging with Latin American countries through diplomatic channels. High-level visits, diplomatic
dialogues, and participation in multilateral forums have helped strengthen diplomatic ties and promote mutual
understanding.
Cultural Exchange: Cultural exchange between India and LatinAmerica has been growing, with increased interest in Indian
languages, cuisine, music, and dance in the region. Similarly, Indian culture, including yoga and Bollywood films, has gained
popularityinLatinAmericancountries.
Multilateral Cooperation: India and Latin American countries often collaborate in multilateral forums such as the United
Nations, where they work together on issues of mutual interest such as climate change, sustainable development, and global
governance.
Challenges: Despite the growing relationship, there are challenges such as geographical distance, lack of direct connectivity,
and limited awareness about each other's markets and opportunities. Overcoming these challenges requires increased people-
to-peoplecontacts,business networking,andeffortstoenhanceconnectivity.
Overall, India-LatinAmerica relations have been expanding across various fronts, driven by shared interests and a desire for
mutual benefit. Continued efforts to deepen economic ties, enhance cultural exchange, and strengthen diplomatic
cooperationarelikelytofurtherstrengthentherelationshipbetweenIndiaandLatinAmericainthefuture.

The Global India Business Forum successfully organized
a business delegation to Ethiopia from February 19-23,
2024. Business delegates from different sectors led by
the Global India Business Forum (GIBF) team visited the
countrythatpromisesampleinvestmentopportunities.
The delegates included - Founder and CFO of ENAICTECH
Software Technologies Private Limited, Rohit Bellur and its Co-
founder and MD, Sreelakshmi Hindupur who represented the IT
sector; Pinaki Chakraborthy Owner of PR Kabita Textiles
represented the textile sector; Vrushali Borade CEO of Everest
Pharma represented herbal medicines; Nikunj Rabara, Managing
Director of Niva Green India represented health, textile and
packaging sectors; Deepali Gadkari, Secretary General of GIBF
and Director of Bella Vida represented the brand and silver
jewelry manufacturing segment while CMD and MD of Abhi
Group, Dr. Jitendra Joshi represented the logistics sector as well
as GIBF asitsGlobalPresident.
The delegation met the Ethiopian Investment Commission (EIC).
Deputy Commissioners Dagato Kumbe and Dr. Zeleke
Temesgen gave an elaborate presentation on investment
opportunities in Ethiopia. The delegation also visited two
industrial parks - Kilinto and Bole Lemi Industrial Park. Mr.
Aklilu Tadesse, CEO of Industrial Parks Development
Corporation (IPDC) held a discussion with the GIBF team and
investors delegation who are interested in engaging in agro-
processing and pharmaceutical sectors. They also visited a textile manufacturing factory - JJ Manufacturing. They met the
State Minister of Health, Ethiopia, Ms. Frehiwot Abebe and had a good discussion on how software can be developed for
hospitals. The ministry is keen on getting investments for hospitals. The delegation had discussions with Minister,Advisor of
the Industrial Ministry, Asfaw Abebe Eregnawe. The business delegates had fruitful meetings with fellow business leaders.
The Indian Embassy in Ethiopia hosted dinner for the Indian delegates.The delegation had an elaborate meeting with the
Addis Ababa Chamber of Commerce followed by a B2B meeting. They visited the Addis Ababa Chamber of Commerce
Trade Fair and Exhibition Centre. Deputy Secretary General of Addis Ababa Chamber of Commerce and Sectoral
Associations(AACCSA), ZekariasAssefa informedaboutthework of theChamberof Commerce.
The delegation was supported by theAmbassador of the Federal Republic of Ethiopia to the Republic of India, H.E. Demeke
AtnafuAmbulo, the DeputyAmbassador Bizunesh Meseret, (Deputy Head of Mission) at the Ethiopian Embassy in India and
Mr. RaviRai,CommercialHead(EconomicandTradeSector).Ms. Bizuneshattendedallthemeetingswiththedelegation.
Outgoing Delegation to Ethiopia
Global India Business Forum had organized the India-
Tanzania Investment Forum in association with
Tanzania Investment Centre and Marketing
Assistance and Research Support (MARS). Chief Guest, Her
Excellency Ms.Anisa Kapufi Mbega, High Commissioner of
the Republic of Tanzania to the Republic of India shared
comprehensive insights into the economic landscape of
Tanzania and the potential for fruitful collaboration with
India. She also spoke about the long-standing relation
between India and Tanzania and how it can be further
strengthened.
Ms. Latiffa Kigoda of the Tanzania Investment Centre shared
a valuable presentation on the opportunities that business
leaders of the respective countries can explore. Other
delegates also spoke about business opportunities and
possibletraderelationsbetweenthetwo countries.
RekhaSharma,Founder of MARS, spoke aboutcollaborationbetweenIndiaandTanzaniatoboosteconomicties.
Business delegates from several sectors of India and Tanzania attended the event and had fruitful discussions during the B2B
meetingattheevent.Many business dealsalsoareinthepipeline.
India-Tanzania Investment Forum

Close on the heels of the African Union's inclusion in the G20 Countries, the GIBF
organized a grand two-day India-Africa Business Conclave at Joshi Farms and Resorts
in Pune on October 6 and 7, 2023. This biggest-ever conclave played an important role
instrengtheningIndia's relationswithAfricancountries.
Dr. Neelam Gorhe, Deputy Chairperson of Maharashtra Legislative Assembly
inaugurated the program in the presence of Ambassadors of 15 African countries and
more than 800 industrialists, exporters, importers and investors. Founder and Global
President of GIBF, Dr. Jitendra Joshi, Secretary General Deepali Gadkari and Director
Abhishek Joshi werepresentontheoccasionwiththeirteam.
Diplomats from the Republic of Uganda, the Republic of Kenya, the Republic of
Ghana, Federal Democratic Republic of Ethiopia, Federal Republic of Nigeria, the
Kingdom of Lesotho, the Republic of Djibouti, the Republic of Rwanda, the Republic
of The Gambia, The Gabonese Republic, the Republic of South Sudan, the Republic of
Angola, the Republic of Congo, the Republic of Niger, and the Republic of Malawi
gave informative presentations on business opportunities in their countries and the
government's policies for foreign investors. More than 800 delegates from agriculture,
education, health, mining, textiles, food and food processing, restaurants, hotels, travel
and tourism, gems
a n d j e w e l l e r y,
information technology, electronic, electrical,
automobile, FMCG, infrastructure, logistics, exporters,
importers, traders and investors from sectors like iron
and steel, renewable energy, news, entertainment, oil
and gas, attended the conclave. Networking meet, B2B
meetings, and personal interactions with the
ambassadors, cultural evening marked the event besides
thepresentationsgivenbytheambassadors.
Besides, businesspeople were felicitated for their
outstanding work in their ﬁelds. The latest edition of
GIBF's mouthpiece, The Business Tycoons, featuring
success stories of these businesspeople was released by
the diplomats. Most importantly, Business and Cultural
Councils between India and each of the African
countries were inaugurated, marking the beginning of a
long-term association of India and GIBF with these
nations.
India-Africa
Business Conclave
Joshi Farms & Resorts, Pune
Chief guest, Dr. Neelam
Gorhe, Deputy Chairperson
of Maharashtra Legislative
Council, addressing the
delegates of the India-Africa
Business Conclave
Diplomats of African countries releasing the latest
edition of The Business Tycoons magazine - the GIBF
mouthpiece in the presence of Founder and Global
President of GIBF, Dr. Jitendra Joshi and Co-founder
Secretary-General, Deepali Gadkari
Diplomats from 15 African
countries after being
felicitated by the chief
guest Dr. Neelam Gorhe,
Deputy Chairperson of
Maharashtra Legislative
Council.

India-Asia Business Conclave
On December 09, 2023,
Global India Business
Forum (GIBF) organized
the India-Asia Business Conclave at
Ya s h a d a , B a n e r i n P u n e
(Maharashtra). The event was aimed
at improving mutual trade and
cultural relations between India and
other Asian countries. Diplomats
from six Asian countries gave
p r e s e n t a t i o n s o n b u s i n e s s
opportunities in their respective
countries.
The diplomats included H.E. Mr.
Ganbold Dambajav, Ambassador
Extraordinary and Plenipotentiary
of The Mongolian People's Republic
to the Republic of India; H.E.
I b r a h i m S h a h e e b , H i g h
Commissioner of the Republic of Maldives to the Republic of India; Mr.Ahmad Zuwairi Yusoﬀ, Consul General
of Malaysia in the Republic of India; Mr.
Shazri Hidayat (Consul – Investment
Section) of Malaysia in the Republic of
India; Do Duy Khanh, First Secretary of the
Socialist Republic of Viet Nam; Mr. Tara
NathAdhikari (Minister Economic), Federal
Democratic Republic of Nepal; Mr. Badri
Prasad Tiwari (Counsellor) Federal
Democratic Republic of Nepal, and Ms.
Kakoli Saha (Counsellor), People's
Republic of Bangladesh. The Business
Tycoons magazine - A Tale of Economic
Triumph, was also released by the
diplomats.
More than 150 business leaders from various
sectors registered their presence. The event
alsoincludedaquestionandanswersession.
Business and Cultural Councils between India and each of the country were inaugurated by the diplomats of the
respective countries and Founder and Global President of GIBF, Dr. Jitendra Joshi and Co-founder and Secretary
General,DeepaliGadkari.
Pune
Maldives
Viet Nam Nepal Mongolia Bangladesh
Maldives
Viet Nam Nepal Mongolia
Bangladesh

Global India Business Forum's motto of launching Business and Cultural Councils between India and
other countries is to create a network of businesses, businesspersons, and entrepreneurs, connect
MSMEs across countries, create tie-ups between chambers of commerce among these countries, and
nurture cultural relations. These Councils will not just be exclusive to the affiliated countries but will
alsobepartofthebiggernetworkthatGIBF aimstocreate.
Through Councils like this, GIBF wants to create a network of businesses which will be beneficial to
those involved and will also boost the economies of their respective countries. GIBF believes such
Councils will bring prosperity and strengthen relations between countries, thus bringing the world
closer.
ObjectivesofBusiness andCulturalCouncil–
1. Todevelop,nurtureandpromotebusiness andculturalrelationsbetweenIndiaandothercountries.
2. Tocreatebusiness opportunities.
3. Topromotebusinesses of allsizesacrossthecountries.
4. Topromotecultures,bothculturalandhistoricalandexchangeideasandvaluesthroughthiscouncil.
5. To create a network of businesses and businesspeople of any size and sector across India and other
countries.
AgendaofBusiness andCulturalCouncil-
1. Global India Business Forum not only aims to promote and create a network of businesses and
sectors but it also wants to promote the MSME sector and connect these sectors between India and
othercountries.
2. Createbusiness opportunitiesandanetworkofbusinesspeopleacross thesectorsandcountries.
3. Facilitate easy access for underdeveloped and developing countries and provide them with a
platformtoexploreopportunitiesacross Indiaandothercountries.
4. To hold seminars, webinars, award ceremonies for exchanging information, speaking about
business opportunities and felicitating those who have excelled in their fields and publishing their
success storiesinTheBusinessTycoons magazine.
5. Provideopportunitiestoexplorevariousbusiness opportunitiesacross segmentsandsectors.
6. Createanetworkof businesspersons andhaveprominentbusinesspersons aspartof thiscouncil.
7. Export/Import:identifyingopportunities.
8. Provideonlyauthenticandgenuinebusiness opportunitiesthroughtheCouncil.
9. Providelogisticsupport whenandifneeded.
10. Createtie-upsamongstchambersofcommerceandhavebusinesspeopleaspartofthiscouncil.
11. Promoting businesswomen, start-ups, sectors, entrepreneurs through The Business Tycoons
magazine.
12. Facilitate cultural exchanges in the form of music, dance, history, artifacts, exhibitions, expos and
eventhroughonlinemediums.
13. Create opportunities for student exchanges, training courses according to needs of the countries,
socialorCSR activitiestoboost relationsbetweenIndiaandothercountries.
14. Expert connects programs to share experiences of top businesspersons, industrialists and leading
membersof theirsectors.
15. Promotingculturethroughbusiness andcreatingabusiness culturebetweenthecountries.
Business and Cultural Council - A GIBF Initiative

The Caribbean Countries
Stunning Beauty and Growing Economy
he Caribbean countries consist of the nations and territories located in or around the Caribbean Sea. This region is
Tknown foritsstunningbeaches,vibrantculture,anddiversehistory.
The Caribbean region is made up of thousands of islands, islets, and cays, as well as mainland countries that border the
Caribbean Sea. Major islands include Cuba, Jamaica, Hispaniola (shared by Haiti and the Dominican Republic), Puerto Rico,
Trinidad and Tobago, and the Lesser Antilles. The other countries include Guyana, Suriname, Bahamas, Belize, Barbados,
SaintLucia,SaintKittsandNevis,Dominica,AntiguaandBarbuda,SaintVincentandtheGrenadines,andGrenada.
The history of the Caribbean is marked by colonization, slavery, and resistance movements. European powers, including
Spain, France, Britain, and the Netherlands, colonized much of the region beginning in the 15th century. The transatlantic
slave trade brought millions of Africans to the Caribbean to work on sugar plantations. Many Caribbean countries gained
independencefromcolonialruleinthe19thand20thcenturies,whileothersremainoverseasterritoriesofEuropeanpowers.
The Caribbean is known for its rich and diverse culture, influenced by African, European, indigenous, and Asian heritage.
Music genres such as reggae, calypso, soca, and salsa have roots in the Caribbean, as do dance forms like salsa, merengue, and
zouk.Caribbeancuisineisalsofamousforitsuseofspices,tropicalfruits,andseafood.
Economy: The economies of Caribbean countries vary widely, with some relying heavily on tourism, agriculture (such as
sugar, bananas, and coffee), and services, while others have diversified into industries like manufacturing, energy, and
financialservices.ThetourismindustryisasignificantsourceofrevenueformanyCaribbeannations.
Politics: Politics in the Caribbean are diverse, with each country having its own political system and challenges. Regional
organizations like the Caribbean Community (CARICOM) aim to promote cooperation and integration among Caribbean
nations.
Natural Disasters: The Caribbean is prone to natural disasters such as hurricanes, earthquakes, and volcanic eruptions. These
events can have devastating effects on the region's infrastructure, economy, and population, particularly in small island states
withlimitedresources.
Environmental Issues:The Caribbean faces environmental challenges including climate change, deforestation, pollution, and
coral reef degradation. Efforts to address these issues include sustainable development initiatives, conservation projects, and
internationalcooperation.
Overall, the Caribbean countries are characterized by their unique blend of cultures, histories, and natural beauty, making the
regionapopulardestinationfortouristsandafascinatingareaofstudyforscholarsandtravelersalike.

Latin America
Rich Cultural Heritage and Diverse Economy
atin America is a diverse region in the Americas where Romance languages, primarily Spanish and Portuguese, are
Lspoken. It encompasses countries and territories in Central America, South America, Mexico, and parts of the
Caribbean.
There are 21 countries in Latin America - Mexico in North America; Guatemala, Honduras, El Salvador, Nicaragua, Costa
Rica and Panama in Central America; Colombia, Venezuela, Ecuador, Peru, Bolivia, Brazil, Paraguay, Chile, Argentina and
UruguayinSouthAmerica;andCuba,Haiti,theDominicanRepublicandPuertoRico.
Latin America is geographically diverse, with a wide range of landscapes including tropical rainforests, mountains, deserts,
and coastal areas. The Amazon Rainforest, Andes Mountains, and Atacama Desert are notable features. Spanish and
Portuguese are the most widely spoken languages in LatinAmerica, although French, English, and indigenous languages are
alsospokenincertainareas.
Latin America has a complex history shaped by colonization, independence movements, and various political and social
struggles.Theregionwas colonizedbyEuropeanpowers, primarilySpainandPortugal,startinginthelate15thcentury.
Culture: LatinAmerican culture is rich and diverse, inﬂuenced by indigenous traditions, European colonization, andAfrican
heritage.Itisknown foritsvibrantmusic,dance,literature,cuisine,andfestivals.
Economy: LatinAmerica has a mixed economy with a range of industries including agriculture, mining, manufacturing, and
services.
Regional Organizations: LatinAmerican countries are members of several regional organizations such as the Organization of
American States (OAS), the Union of South American Nations (UNASUR), and the Community of Latin American and
CaribbeanStates(CELAC),amongothers.
Overall,LatinAmericaisadynamicregionwitharichculturalheritage.

Colorful Traditions
and a Thriving Economy
Mexico
Mexico, a land of vibrant
culture, rich history, and
stunning landscapes,
captivates the imagination with its
colorful traditions, delicious cuisine,
and warm hospitality. From the
ancient wonders of Chichen Itza to the
bustling streets of Mexico City, this
diverse nation beckons travelers with
its blend of modernity and tradition.
With a thriving economy, strategic
location, and dynamic workforce,
Mexico continues to play a pivotal
role in shaping the global landscape,
offering boundless opportunities for
investment, partnership, and
exploration.
Mexico holds a unique position as a
key player in both the Latin American
and global economic landscapes. Its
rich cultural heritage, strategic
geographical location, and vibrant
economy make it an attractive
destination for investment and
collaboration.
Mexico's dynamic economy,
characterized by innovation and
entrepreneurship, offers numerous
opportunities for collaboration in
sectors such as automotive,
manufacturing, energy, agriculture,
andtechnology.
Bilateral Relations between
India and Mexico
The relationship between India and
Mexico is characterized by mutual
respect, shared values, and a
commitment to enhancing bilateral
cooperation across various sectors. By
leveraging each other's strengths and
resources, the two countries can create
value, drive growth, and foster
s u s t a i n a b l e d e v e l o p m e n t .
Furthermore, cultural exchanges
between India and Mexico continue to
strengthen their bonds and deepen the
understanding of each other's
heritage.
Diplomatic ties between the two
nations were established in 1950, and
since then, the relationship has
steadilyevolvedandstrengthened.
Both India and Mexico share common
interests in areas such as trade,
investment, culture, and technology.
Over the years, there has been a
growing recognition of the potential
for collaboration between the two
countries, leading to enhanced
diplomatic engagement and high-
levelvisits.
Trade between India and Mexico has
seen significant growth, with both
countries actively seeking to expand
bilateral economic cooperation.
Efforts to strengthen trade ties have
resulted in the signing of various
agreements and memoranda of
understanding aimed at facilitating
tradeandinvestmentflows.
Furthermore, cultural exchanges
between India and Mexico have
played a vital role in deepeningmutual
understanding and fostering people-
to-people connections. Collaborative
initiatives in fields such as education,
tourism, and the arts have contributed
to strengthening the cultural bond
betweenthetwonations.
In recent years, there has been a focus
on exploring new avenues for
cooperation, particularly in sectors
such as information technology,
renewable energy, pharmaceuticals,
and automotive industries. Both
countries recognize the potential for
leveraging their respective strengths
to achieve shared goals and mutual
prosperity.
Overall, the bilateral relations
between India and Mexico continue to
thrive, driven by a shared vision of
enhancing cooperation and building a
more interconnected world. As
strategic partners, both nations remain
committed to furthering their
collaboration across multiple fronts,
thereby contributing to peace,
stability, and development on the
globalstage.
Mexico
Mexico is full of opportunities. Its
national economy is stable and it
remains an emerging economy.
Mexico's economic growth over the
past few decades is the result of its
favorable economic framework,
including:
• Freetradeeconomy
• Afavorablegeographicallocation

• Low production costs and cheap
labor
• A consolidated network of
internationalcompanies
Being an emerging market, there are a
wide range of business opportunities
that are diverse. These can be used
within a stable and favorable
economic framework. Mexico's
emerging economy status offers
“first-mover” advantages for foreign
businesses. Those who want to start a
business there can greatly benefit if
theytapthemarketearly.
Potential Markets
Some of the wide ranging markets
include -
Renewable energies: Mexico is
spearing ahead in the renewable
energies sector, like water, solar and
wind energy. Energy sources with
business potentials like geothermal
energy or biomass are not yet full
tapped.
I n f r a s t r u c t u r e : M e x i c o ' s
infrastructure needs modernization in
transportation, healthcare and energy,
andothersectors.
Niche markets: Some niche markets
like construction, metal and textile
industry sectors are of international
significance.
Mexico has a young Population who
are especially looking for buying high
quality products such as clothing,
travellingorhomefurnishing.
Consumers in the industrial field,
especially in infrastructure,
environment and energy, are looking
for innovative, sustainable and
efficient technologies that save
resourcesandenergy.
Technology: New technologies in
healthcare, energy or oil and gas,
technological improvements in the
R&D field as well as in education are
needed. That opens up great business
potential for mechanical engineers
andtechnologyserviceproviders.
H. E. Mr. Federico Salas Lotfe is the Ambassador Extraordinary and
Plenipotentiary of the United Mexican States (Mexico) to the Republic of India
since 2019. He holds a Bachelor of Arts degree in Political Science and
Government from Harvard University and Master's degree from El Colegio de
Mexico, and has been a career diplomat since 1989. He rose to the rank of
Ambassador in 2000. He has held various positions, including that of Director
General of International Organizations (1988),Advisor to the Minister of Foreign
Affairs (1988–1989), was assigned to the Embassy of Mexico in the United States
of America, where he was in charge of Political Affairs and Relations with
Congress (1993–1998), in the Mission of Mexico to the United Nations
Organization he was responsible for Political Affairs (1989–1993), General
Coordinator of Advisers of the Ministry of Foreign Affairs (1998–2000). He has
been Ambassador of Mexico in the Czech Republic (2001–2007), Israel
(2007–2015)andIndonesia(2015–2017).
Prior to being appointed Ambassador of Mexico to India, he was the Permanent
Representative of Mexico to the United Nations Organization for Education,
ScienceandCulture(UNESCO) (2017–2019).
United Mexican States (Mexico) to the Republic of India
H.E.Mr.FedericoSalasLotfe
Ambassador Extraordinary and Plenipotentiary
RegisteringTypes of business inMexico
Typesof business inMexico-
- LimitedLiabilityCompany
- CorporationorStockCompany
- SimplifiedSharesCompany
- Partnership
- MexicanBranch
SectorstoExplore
Onemayexplorethefollowingsectorsforbusiness inMexico-
· Automotive
· AviationandAerospace
· MedicalDevice
· Apparel&Textile
· ConsumerProduct
· Fintech

Indian Companies Exporting to Mexico
Mexican Companies Exporting to India
Mexican Companies Exporting to World

razil is the largest country in
BSouth America, in terms of
land area and population. It is
bordered by every country in South
America except for Chile and
Ecuador. It spans a vast area of
approximately 8.5 million square
kilometers, encompassing diverse
ecosystems like the Amazon
Rainforest, the Pantanal wetlands, the
Atlantic Forest, and the Cerrado
savanna.
The population is diverse, with
influences from indigenous peoples,
Portuguese colonization, African
slaves, and various immigrant
groups. The official language of
BrazilisPortuguese.
The capital city, Brasília, is a planned
city constructed in the 1950s. The
largest city is São Paulo, which is also
the financial and economic hub of the
country. Other major cities include
Rio de Janeiro, Salvador, Belo
Horizonte,andFortaleza.
Economy: Brazil has one of the
largest and most diverse economies in
the world. It is a major exporter of
commodities such as agricultural
products (soybeans, coffee,
sugarcane), minerals (iron ore, gold),
a n d e n e rg y r e s o u r c e s ( o i l ,
hydroelectric power). Brazil has a
strong industrial sector, particularly
in automotive, aerospace, and
electronicsindustries.
Culture: Brazilian culture is rich and
diverse, influenced by indigenous
traditions, Portuguese colonial
heritage, African roots, and
immigrant contributions. It is known
for its vibrant music and dance,
including genres like samba, bossa
nova, and forró. Brazil is also famous
foritsannualCarnivalcelebration.
India and Brazil
India and Brazil have a very close
relationship at the bilateral level and
in plurilateral forums like BRICS,
B A S I C , G - 2 0 , G - 4 , I B S A ,
International Solar Alliance, and in
the larger multilateral bodies such as
the UN, WTO, UNESCO, and WIPO.
They have been strategic partners
since 2006, and their relationship is
based on a common global vision,
shared democratic values, and a
commitment to foster economic
growth with social inclusion for the
welfare of the people of both
countries.
Both the countries had Portuguese
imperialism and there have been
several exchanges during that period.
A bulk of the Brazilian cattle is of
Indianorigin.
There have been number high level
engagements, from former Vice
President S Radhakrishnan, PM
Indira Gandhi, PM Dr. Mammohan
Singh, President Pratibha Patil to PM
Narendra Modi from India to Brazil
and President Mr. Fernando Henrique
Cardoso, President Mr. Luiz Inacio
Lula DA Silva, President Mr. Jair
Bolsonaro to President Mr. Luiz
Inácio Lula da Silva from Brazil to
India. Several foreign minister level
and other ministerial level visits took
place including parliamentary
exchanges.
Brazilian President Bolsonaro was
the Chief Guest at India's Republic
Day Parade on 26 January 2020. He
was accompanied by a high-level
delegation including eight ministers,
four members of parliament, senior
officials of the Brazilian government
and members of business community.
Fifteen MoUs/Agreements in diverse
sectors were signed. President Luiz
Inácio Lula da Silva attended the G20
SummitinIndiainSeptember,2023.
India and Brazil have established
Trade Monitoring Mechanism to
monitor and identify bottlenecks in
bilateral trade and take appropriate
measures to address them. There is
also an India-Brazil Business Leaders
Forum.
The countries signed several
agreements on defence and security
cooperation, space cooperation,
cooperation in bio-fuels, oil and gas
cooperation, agriculture, food
processing and animal husbandry
health and traditional medicine
t e c h n i c a l c o o p e r a t i o n a n d
scholarships.
Brazil
Brazil offers numerous business
opportunities across various sectors
due to its large and diverse economy,
abundant natural resources, and
sizable consumer market. Some of
theminclude:
Agribusiness: Brazil is a global leader
in agribusiness. Opportunities exist in
f a r m i n g , f o o d p r o c e s s i n g ,
agricultural technology, and export-
orientedbusinesses.
Renewable Energy: Brazil has
significant potential for renewable
energy generation, particularly in
hydropower, wind, solar, and
bioenergy.
Technology and Innovation: Brazil
has a growing tech industry,
especially in cities like São Paulo and
R i o d e J a n e i r o . T h e r e a r e
o p p o r t u n i t i e s i n s o f t w a r e
development, fintech, e-commerce,
anddigitalservices.
Infrastructure Development: Brazil
requires substantial investments in
i n f r a s t r u c t u r e , i n c l u d i n g
transportation, energy, water, and
telecommunications.
Healthcare: With a large population
and increasing demand for healthcare
services, there are opportunities in
medical equipment, pharmaceuticals,
healthcare technology, telemedicine,
andhealthinsurance.
Education and Training: Brazil's
education sector offers opportunities
for private schools, language training
centers, vocational education, e-
learning platforms, and educational
technologysolutions.
Brazil
Diverse, Dynamic and
Economically Significant

Tourism and Hospitality: Brazil is a
popular tourist destination known for
its beaches, cultural attractions, and
n a t u r a l b e a u t y. T h e r e a r e
opportunities in hospitality, tour
operations, eco-tourism, and
adventuretravel.
Consumer Goods: Brazil has a
growing middle class creating
demand for consumer goods such as
electronics, fashion, cosmetics, and
householdproducts.
Mining and Natural Resources:
Brazil is rich in minerals such as iron
ore, gold, bauxite, and nickel. There
are investment opportunities in
mining, mineral exploration, and
relatedinfrastructure.
Environmental Services: There are
opportunities in environmental
consulting, waste management,
renewable resource management, and
conservationprojects.
Real Estate: Brazil has a dynamic real
estate market with opportunities in
residential, commercial, and
industrial properties, real estate
d e v e l o p m e n t a n d p r o p e r t y
management.
Financial Services: Brazil's financial
sector offers opportunities in banking,
insurance, investment management,
and fintech innovations catering to
the needs of businesses and
consumers.
RegisteringyourBusiness inBrazil
To start a business in Brazil, one will
needthefollowing:
• Work permit and visa - You
need a work visa and residence
permit to work and start a
business in Brazil. There are
three different types of work
visasinBrazil.
• Company name – Choose a
companynamethatisoriginal.
• Taxation - To open a business to
do in Brazil, you must pay a
corporatetaxof15%.
TypesofBusinessStructuresinBrazil
Limited Liability Company - The
limited liability company is one of the
famous business structures in Brazil
where the shareholders are limited to
their share capital. There is no
requirementforminimumcapital.
Limited Liability Corporation -
Corporations can avail of both voting
and non-voting shares. You need two
shareholders. A minimum of 10%
capital should be deposited to the
bankbeforeincorporation.
Branch office - The branch office is the direct extensions of a parent organization.
ItsentityinBrazilhastobeofasimilarname.
EIRELI - The Empresa Individual de Responsabilidade Limitada is a single-
holderlimitedliabilitychosenbymostindividualentrepreneurs.
Company RegistrationProcess
ThestepstoincorporateacompanyinBrazilare–
• ObtainaBraziliantaxidentificationnumber
• Appointalegalrepresentative
• Draftcompanybylaws
• Registerthecompany'sbylaws
• Opencorporatebankaccount
• Registerpaidcapital
• Depositinitialcapital
H.E. Kenneth Félix Haczynski da Nóbrega is the Ambassador of the Federative
RepublicofBraziltotheRepublicofIndia.
Born in 1961 in Rio de Janeiro, Ambassador Kenneth Felix Haczynski da
Nóbrega earned a degree in Economics from the Pontifícia Universidade Católica
do Rio de Janeiro in 1984, and was an undergraduate student of music at Fryderyk
Chopin Academy of Music in Warsaw, between 1987 and 1990. In 1993, he
concluded the Preparatory Course at Rio Branco Institute (Brazilian Diplomatic
Academy). In 2013, he presented his thesis, “Negotiations on Limitations and
Exceptions to Copyright at the World Intellectual Property Organization -
Diplomatic Action and Access to Knowledge", with honours at the 58th
AdvancedStudiesCourseofRioBrancoInstitute.
Throughout his diplomatic career, Ambassador Haczynski da Nóbrega has held
several positions at the Ministry of Foreign Affairs, including: Secretary for
Europe, Middle East and Africa (2019-March 2023); Director of Interregional
Mechanisms (2016-2018), BRICS and IBSA sous-sherpa; Trade Policy Advisor
to the foreign minister's office (2013-2015); Head of the Intellectual Property
Division (2008-2013); Assistant, Deputy Head and Head of the Trade Defense
and Safeguards Division (2002-2006);Assistant at the Sea,Antarctica and Space
Division (1994-1995) and Assistant at the Organization of American States
Division (1994). His diplomatic assignments abroad have been to the Embassy of
Brazil in Washington (2015-2016) as Minister Counselor; the Embassy of Brazil
in Berlin (2006-2008) as Head of the Economic Section; the Permanent
Delegation to the WTO and Economic Organizations in Geneva (1998-1999) as
Brazilian delegate for services negotiations, and the Embassy of Brazil in Lima
(1995-1998)asHeadoftheConsularSection.
He has also taken part in several inter-agency groups, including the Inter-
ministerial Group of Intellectual Property at the Chamber of Foreign Trade, as
Deputy Representative (2008-2011) and Permanent Representative (2011-2013),
and the Counter-Piracy National Council, as Deputy Representative (2008-
2013).
He taught International Negotiation Techniques at the Rio Branco Institute
(Brazilian Diplomatic Academy) from 2017-2022. Ambassador Haczynski da
NóbregaspeaksPortuguese,English,French,Spanish,PolishandGerman.
H.E. Kenneth Félix Haczynski da Nóbrega
Ambassador of the Federative Republic of Brazil
to the Republic of India

Indian Companies Exporting to Brazil
Brazil Companies Exporting to World

Uruguay
A High-income,
Export-oriented Country
Uruguay is a country located in
the southeastern region of
South America. Montevideo
is both the capital and the largest city
in Uruguay. It is situated on the
southern coast of the country,
overlookingtheRíodelaPlata.
Spanish is the official language.
Football (soccer) is the most popular
sport, and the national team has a
strong international reputation,
having won the FIFA World Cup on
twooccasions(in1930and1950).
Uruguay is a democratic republic with
astrongtraditionofpoliticalstability.
Economy: Uruguay has a relatively
high-income economy, characterized
by an export-oriented agricultural
sector, particularly in beef, soybeans,
and wool. It also has a well-developed
services sector, including finance,
tourism,andsoftwaredevelopment.
Culture: Uruguay has a rich cultural
heritage, with influences from its
indigenous peoples, European
immigrants, and African slaves. The
country is known for its vibrant music
and dance traditions, including tango
andcandombe.
Social Policies: Uruguay is known for
its progressive social policies,
including a strong social welfare
system, legalized same-sex marriage,
and the legalization of recreational
cannabisuse.
Education and Literacy: Uruguay has
a high literacy rate and places a strong
emphasis on education. Education is
free and compulsory for children aged
4to14.
Natural Beauty: Uruguay boasts
beautiful landscapes, including
pristine beaches along its coastline,
rolling hills in the interior, and the
picturesque Rio de la Plata. It also has
several natural reserves and protected
areas,preservingitsbiodiversity.
India and Uruguay
Diplomatic relations between both
the countries were established in
1960. Uruguay has an Embassy in
New Delhi and an Honorary
Consulate in Mumbai. The Embassy
of India in BuenosAires,Argentina, is
concurrentlyaccreditedtoUruguay.
There have been several high-level
bilateral visits from the countries.
Late Prime Minister of India, Smt.
Indira Gandhi visited Uruguay in
1968. The then Vice Presidents of
Uruguay, Mr. Danilo Angel Astori
Saragosa, and Dr. Hugo Fernandez
Faingold visited India in 2011 and
1999respectively.
There also have been ministerial level
interactions and visits between the
two countries including Indian
External Affairs Minister Dr. S.
Jaishankar, former Uruguayan
Foreign Minister Mr. Ernesto Talvi,
Smt. Maneka Gandhi, Indian Minister
of Women and Child Development,
Vice President of Uruguay, Ms. Lucia
Topolansky, Foreign Minister of
Uruguay, Mr. Rodolfo Nin Novoa,
and others. Mr. Novoa visited India in
October 2015 with a commercial
delegation to participate in the India-
LACConclave.
I n d i a - U r u g u a y c o m m e r c i a l
relationship has strengthened over the
years. Plastics, petroleum oils,
vehicles, auto-parts and organic
chemicals are the main items of
export from India to Uruguay.Timber,
shorn wool, edible oils, iron & steel
casings and tubes and inorganic
chemicals are the main items of
export from Uruguay to India. Tata
Consultancy Services (TCS)
established its software development
centre and regional training centre in
Montevideo in 2002, while Infogain
openeditsdeliverycenter.
Yoga and meditation are popular in
U r u g u a y. B o t h I n d i a n s a n d
Uruguayans participate in many of
each other's celebrations. The two
countries indulge in technical and
development co-operation. An India-
MERCOSUR Preferential Trade
Agreement (PTA) was signed on 25
January 2004 and became operational
in June 2009. Preferential duty (10-20
% in most cases) is given to selected
I n d i a n P r o d u c t s e n t e r i n g
MERCOSUR countries and vice
versa.
Uruguay
Uruguay, a small but stable country in
SouthAmerica, offers several business
opportunities across various sectors.
Someoftheseinclude:
Agribusiness: Uruguay has a strong
agricultural sector, with significant
production of beef, soybeans, rice, and
dairy products. Opportunities exist in
agribusiness for value-added
processing, agricultural technology,
andsustainablefarmingpractices.
Renewable Energy: Uruguay has been
making significant investments in
renewable energy, particularly wind
a n d s o l a r p o w e r. T h e r e a r e
opportunities for companies involved
in renewable energy equipment
manufacturing, project development,
andconsultancyservices.
Tourism: Uruguay is known for its
beautiful beaches, historic towns, and
cultural attractions. There are
opportunities in hospitality,
ecotourism, adventure tourism, and
related services catering to both
domesticandinternationalvisitors.
Information Technology (IT) and
Software Development: Uruguay has
a growing IT sector, with a skilled
workforce and a supportive business
environment. Opportunities exist in
software development, cybersecurity,
IT consulting, and outsourcing
services.
Logistics and Transportation:
Uruguay's strategic location between
South America and the rest of the
world makes it an ideal hub for
logistics and transportation services.
O p p o r t u n i t i e s i n c l u d e p o r t
infrastructure development, shipping

services, freight forwarding, and
logisticstechnologysolutions.
Real Estate: Uruguay's stable
economy and attractive lifestyle make
it a desirable destination for real estate
investment. Opportunities exist in
residential, commercial, and
hospitality real estate development,
particularly in urban areas and tourist
destinations.
Healthcare and Biotechnology: There
is growing demand for healthcare
s e r v i c e s a n d i n n o v a t i v e
biotechnology solutions in Uruguay.
Opportunities exist in medical
e q u i p m e n t a n d s u p p l i e s ,
pharmaceuticals, telemedicine, and
h e a l t h c a r e i n f r a s t r u c t u r e
development.
Education and Training: Uruguay
places a high value on education,
presenting opportunities in private
schools, language institutes,
vocational training centers, and
educationaltechnologysolutions.
Financial Services: Uruguay has a
well-developed financial sector with
opportunities in banking, insurance,
investment management, and fintech
innovation.
Environmental Services: Uruguay
offers opportunities in waste
management, water treatment,
renewable resource management, and
environmentalconsultingservices.
RegisteringaBusiness inUruguay
If you are interested in doing a
business in Uruguay, then you need to
followthesestepstoregisterit–
Choose the right type of company and
legal structure - Decide which type of
company is the best for your business.
The two most common types of
companiesinUruguayare:
• Corporation or Sociedad
Anónima (S.A.): This type does
n o t h a v e a m i n i m u m o r
maximum capital requirement.
The liability of the shareholders
is limited to their capital
contribution.
• Limited Liability Company
(SRL): The Limited Liability
Companies are the most used for
small and medium-sized
businesses in Uruguay. There is
no minimum or maximum capital
required.There can be two and 50
partners.But,itcanprovisionallywork withonlyone.
• Appoint a legal representative - You need to appoint a legal representative.
The legal representative of a company can either be a local or a foreigner.
Power of Attorney has to be signed by the corresponding party for allowing
yourlegalrepresentativetocarryouttheprocessofregistrationinUruguay.
• Prepare the Articles of Incorporation and the bylaws of the company –
Prepare the documentation for the constitution of the company in Uruguay
and get it reviewed by a local lawyer and notarized by a public notary in
Uruguay. Submit the bylaws and Articles of Incorporation to the National
AuditOffice(AIN) forapprovalandduecertificate.
• RegisterthecompanywiththeNationalTradeRegistry(RNC)
• PublishanextractofthebylawsontheOfficialGazette
• Register your company at the Single Window - Register your company at the
Single window to obtain a taxpayer ID number (RUT) and at the Social
SecurityAdministration(BPS)
• Register the company with the State Insurance Bank (BSE) – This registration
enablesyoutostarthiringstaff.
• Openacorporatebankaccount
His Excellency Mr. Alberto Guani assumed the charge of Ambassador
Extraordinary and Plenipotentiary to the Republic of India with concurrent
accreditation to Sri Lanka and Bangladesh on 8 of July 2021. Prior to his current
appointment, he served as Ambassador to the Federal Republic of Germany and
ConsulGeneralinRiodeJaneiro,Brazil.
He was appointed to various Uruguayan Missions abroad including the
Permanent Mission to the United Nations and the German Democratic Republic,
as a consequence of Reunification, at the Office in Berlin. He has also served in
severalDivisionsoftheMinistryofForeignAffairs,Montevideo.
He became the First delegate representing Uruguay for the Peace and Security
Council commission, as well as being the country's representative for De-
colonizationandInternationalSecuritydealingwithDisarmamentissues.
Amb Guani joined Uruguayan Foreign Service in 1985 and was trained at IASE
the Foreign Service Institute, Montevideo. He participated in numerous courses
and holds a Master in International Relations from the University of the Republic
ofUruguay.HehasaBS inJournalism,UniversidaddelaRepublicadelUruguay.
He was director of Institutional Affairs, Director of Diplomatic Academy,
Instituto Artigas del Servicio Exterior, Casa Persico, Montevideo, Uruguay,
Director General for Cultural Affairs of the Uruguayan Ministry of Foreign
Affairs, Deputy Director General for Consular Affairs at the Foreign Services,
ConsulGeneralofUruguayinRiodeJaneiro,Brazil.
H.E. Alberto Guani
Ambassador Extraordinary
and Plenipotentiary
of the Oriental Republic of Uruguay

Indian Companies Exporting to Uruguay
Uruguay Companies Exporting to India
Uruguay Companies Exporting to World

Located at the southernmost tip
o f t h e C a r i b b e a n , T h e
Republic of Trinidad and
Tobago is renowned for its stunning
coastlines, abundant natural
resources, protected sanctuaries,
vibrant Creole traditions, and
delectable cuisines. Despite being a
small island nation, it boasts a high-
incomeeconomy.
Trinidad and Tobago has long been a
melting pot of diverse cultures,
welcoming people from various
ethnic backgrounds. The migration of
Indians introduced Hinduism and
Islam to the islands, adding to their
cultural tapestry. Subsequent waves of
migration, including Syrians,
Lebanese, and African-influenced
religious sects, further enriched the
cultural landscape, with Christianity
alsogainingpopularity.
The country achieved independence
from British colonial rule in 1962 and
transitioned into a republic in 1976.
Today, Trinidad ranks as the fifth
wealthiest nation in terms of GDP per
capita in the Americas, trailing only
behindtheUnitedStatesandCanada.
India and Trinidad and
Tobago
The connection between India and
Trinidad and Tobago traces back to
May 1845 when 225 Indians were
brought by the British as indentured
laborers on a ship. Over time, more
workers arrived and settled in
Trinidad and Tobago, fostering a
lasting bond between the two nations.
Both countries shared the experience
of British colonial rule, further
solidifyingtheirhistoricalties.
In recent years, bilateral relations
between the Republic of India and the
Republic ofTrinidad andTobago have
significantly flourished, marked by
the development of strategic and
commercial partnerships. Formal
diplomatic relations were established
between the two nations in 1962,
laying the foundation for deeper
cooperationandcollaboration.
Prime Minister Kamla Persad-
Bissessar (KPB) paid a State visit to
India from 5-14 January 2012 with a
high-level delegation comprising
seven Cabinet Ministers and a 160-
member strong delegation from the
private and public sectors. A number
of agreements and MOUs were
signed. She was also Chief Guest at
Prabasi Bharatiyta Diwas 2012 in
Jaipur. Former Prime Minister Dr.
Manmohan Singh led a high level
delegation for Commonwealth Heads
of Government Meeting Summit in
November 2009. Prime Minister of
India Shri Narendra Modi and Prime
Minister of T&T Dr. Keith C. Rowley
met in London on April 19, 2018 on
the sidelines of the CHOGM Summit
and discussed various areas in which
cooperation between the two friendly
countries could be enhanced further.
During the last two years there have
b e e n s e v e r a l b i l a t e r a l
Ministerial/official level visits from
India.
Trinidad and Tobago
Trinidad is the most developing
Caribbean country and has an
attractive investment climate. T& T is
Trinidad and Tobago
Breathtaking Coastlines and a Robust Economy
one of the region's largest economies.
It has a well-developed hydrocarbon
sector that provides energy to most of
SouthAmericaand beyond.In 2020, its
energy sector accounted for more than
73% of total exports and 24% of
governmentrevenue.
The Government of Trinidad and
Tobago actively encourages foreign
investment into non-energy sectors
such as Manufacturing, Maritime and
L o g i s t i c s , B u s i n e s s P r o c e s s
Outsourcing, Agro-Processing,
Creative Industries and Tourism. Its
economic policy is directed to the
development of a robust and open
market-driven economy. Its historical
success in energy has fueled its rapid
development into one of the most
industrialiser and cost-effective
nations in the Caribbean and Central
America. It, thus, provides low cost
and readily available industrial gases.
It ranks #1 in the lowest cost of
electricity in the region reducing your
operationalcostscanbesubstantially.
According to the World Bank Group,
T&T ranks 43 out of 190 world
economies. Being below the hurricane
belt, Trinidad and Tobago is the ideal
locationtodobusiness.
Besides, Trinidad and Tobago has the
near shore advantage, being only 3.5
hours from Miami, Florida by air,
which benefits most business process
operations services. It is only 11 km
from the South American mainland,
which makes it a prime location for
maritime operations including
t r a n s s h i p m e n t f o r b u l k a n d
c o m m o d i t i e s , a s w e l l a s
imports/exports of raw materials. The
country is located just 19 km from
international shipping lanes to the USA
andEurope.
Wide-Ranging Market Access
The country has a wide-ranging market
access with the Trinidad and Tobago
Trade Policy 2019-2023 – Towards
Sustainable Economic Growth and
Diversification, which is a holistic
strategy for ensuring that private sector
development, trade and domestic
trade-related reform, become tools of
development and catalysts for
stimulating sustainable economic
growth.

Establishing a business in T& T gives
you wide ranging market access that
provides businesses with a market of
997 million consumers via Trade
Agreements, Unilateral Trade
P r o g r a m ' s a n d C A R I C O M
(Caribbean Community) Trade
Agreements. Bilateral Investment
Treaties (BITS) allow for the
reciprocal encouragement, promotion
and protection of investments in each
other's territories by companies based
in either country. Investors from 15
countries, including Canada, USA,
UK, India and Brazil benefit from
double taxation treaties with Trinidad
and Tobago. The country has a well-
connected flight network. Trinidad
and Tobago's two fully developed
commercial ports in Port of Spain and
i n P t . L i s a s e r v e a s M a j o r
international cargo ports. It has one of
the most developed road networks in
theCaribbeanTalentedLabourPool.
With a thriving energy sector, and two
main universities, T& T has a highly
skilled, trained English-speaking
workforce. The country boasts 98.8%
literacyrate.
Registering a business in
Trinidad and Tobago
Following are the steps to register a
business inT&T–
• Decidethebusiness type
• Reservethenameofthebusiness
• Registerthebusiness
• Collectthecertificate
• Complywiththelegislation
SectorstoExplore
The Foreign Investment Act, 1990
provides for the acquisition by
foreign investors of an interest in land
or shares in local private or public
companies and for the formation of
companies.
One may explore the following
sectorsforbusiness inT&T-
• Manufacturing
• Maritime
• ICT
Dr. Roger Gopaul is the High Commissioner/Ambassador of the Republic of
Trinidad and Tobago to the Republic of India. He is also accredited to Japan,
Singapore, Indonesia, Bangladesh and Sri Lanka. Dr Gopaul was formerly the
High Commissioner/Ambassador to SouthAfrica and 10 otherAfrican countries.
Dr Gopaulhasbeenservingasanambassadorforapproximately8years.
Prior to being a diplomat, Dr Gopaul was a CharteredAccountant having worked
with international organizations. He was also a senior lecturer in Finance and
Management Strategies at a university in Trinidad for 15 years. Dr Gopaul has
beenamanagementconsultantandworkshop facilitatorfor20years.
Dr Gopaul holds a PhD in Management Sciences from Durban University of
Technology. He holds a Master of Business Administration (MBA) degree from
the University of theWest Indies. He holds a Post-graduate certificate in Business
Research and a Chartered Accounting qualification from The Association of
CharteredCertifiedAccountants(ACCA) UK.
Dr Gopaul has presented in many conferences internationally and has published
inpeer-reviewedjournals. Hehasco-authoredthefollowingbooks.
• Rampersad, R. and Gopaul R. (2021). Strategy as emergence and emergent
strategy: Understanding social change in Benecke, D.R., Verwey, S., and
Phumo, T. (eds.) (2021). Strategic Communication: South African
Perspectives. Cape Town: Oxford University Press Southern Africa. ISBN:
9780190751234.
• Gopaul, R; Rampersad, R & Tshikovhi, N (2023). Strategic decision making:
A key component in the survival and sustainability of indigenous
entrepreneurs in South Africa. Book chapter. Palgrave MacMillan – under
review.
• Gopaul, R. and Gopaul, A. (2022). 75 Inspirational Verses from the
Ramayana: MotilalBanarsidasPublishingHouse
• Gopaul, R. and Gopaul, A. (2022). Caribbean Folklore: Tales of the Village:
Ashoka PublicationsLimited
H.E. Dr. Roger Gopaul
High Commissioner of the Republic of Trinidad
and Tobago to the Republic of India
• CreativeIndustries
• Tourism
• Agro-Processing
InvesTT Limited Corporate Profile
As Trinidad and Tobago's Investment Promotion Agency (IPA) aligned to the
Ministry of Trade and Industry, InvesTT is the first point of contact for
investors seeking investment opportunities in Trinidad and Tobago. Since its
establishment in 2011, it has forged a solid track record for attracting FDI and
has won the attention of international rating agencies over the years.

Indian Companies Exporting to Trinidad and Tobago
Trinidad and Tobago Companies Exporting to India
Trinidad and Tobago Companies Exporting to World

enezuela is a country located
Von the northern coast of South
America. It has diverse
geographical features, including the
Andes Mountains in the west, the
Amazon Basin in the south, and the
Orinoco River Delta in the east.
Caracas, the capital city is the largest
city in the country and serves as its
economicandculturalcenter.
Venezuela gained independence from
Spain in 1821. In the 20th century, it
became a major oil-producing country,
leading to significant economic
growth.
Economy: Venezuela has a highly oil-
dependent economy, with petroleum
accounting for a large portion of its
export revenue. The country possesses
the largest proven oil reserves in the
world.
Politics: The country has been
governed by a socialist government
since the late 1990s, initially under
President Hugo Chávez and later
underhissuccessor,NicolásMaduro.
Culture: Venezuela has a rich cultural
heritage influenced by indigenous,
African, and European traditions.
Music, dance, and festivals play
important roles in Venezuelan culture,
with genres such as salsa, merengue,
andjoropobeingpopular.
India and Venezuela
India and Venezuela have always
enjoyed cordial relations. The year
2023 saw the 64th anniversary of
establishment of diplomatic relations
of the two countries. The Indian
embassy is in Caracas while the
Venezuelan embassy is in New Delhi
for over four decades.Venezuela is one
ofIndia'slargestoilsuppliers.
visits to each other's countries
including the visit of former President
Hugo Chavez´s to India in 2005 when
he held bilateral talks with former
Indian Prime Minister Dr. Manmohan
Singh and former President of India,
Dr. A.P.J. Abdul Kalam. Six
Agreements/MoUs were signed
including on setting up of a Joint
Commission and cooperation in the
hydrocarbonsector.
Other important visits from both the
countries included that of former
Foreign Minister of Venezuela, Mr.
Nicolas Maduro, Shri V.S. Sampath,
former Chief Election Commissioner
of India, Shri Sachin Pilot, former
Minister of State for Corporate Affairs
represented India at the State funeral
of President Chavez, Significant
MOUs like the establishment of an
Indo-Venezuelan Joint Commission
was signed. The Election Commission
of India (ECI) and the National
Electoral Council (CNE) of Venezuela
signedaMoU.
The mainexports ofVenezuelato India
are acyclic alcohols, scrap iron, and
scrap aluminum. India's exports to
Venezuela are refined petroleum,
packagedmedicaments,andrice.
There are temples, spiritual centres
established by Indian spiritual groups,
and several yoga centres. Ayurveda
has been recognized as an alternative
system of medical treatment by the
Government of Venezuela, the first
AYUSH Information Cell of
Venezuela has been established in
Gran Fraternidad Universal, Maracay
in July 2017. International Day of
Yoga (IDY) has been celebrated each
yearsince2015.
Venezuela
Venezuela possesses significant oil
and mineral reserves. There may be
opportunities for companies with the
expertise and risk tolerance to navigate
thesector.
A g r i c u l t u r e : Wi t h t h e r i g h t
investments and expertise, there may
be opportunities in areas such as food
production, agribusiness, and
agriculturaltechnology.
Renewable Energy: Solar and wind
power generation, as well as related
infrastructure development, could be
potentialareasofinterest.
Infrastructure Development: There
may be opportunities for companies
specializing in infrastructure
d e v e l o p m e n t , i n c l u d i n g
transportation, telecommunications,
andutilities.
Consumer Goods and Services: There
is demand for consumer goods and
services in Venezuela. Companies that
can offer affordable products or
servicesmayfind amarket.
Technology and Innovation: There
may be opportunities for technology
and innovation-focused businesses,
particularly in areas such as fintech, e-
commerce,anddigitalservices.
Registering a Business in
Venezuela
Every company, be it an LLC
(Sociedad de Responsabilidad
limitada) or a PLC (Publicly Limited
Company), must appoint a director of
any nationality to set up business in
Venezuela. One can have multiple
directors. All enterprises must have
one shareholder. A company can have
Venezuela
Abundant in Natural Resources
and Cultural Richness

asmanyshareholdersastheywant.
All companies must register with the
national tax authorities to obtain a TIN
(Tax Identification Number). It is also
necessary to get registration from the
Municipal Tax Authorities and labor
authorities.
An LLC requires a minimum capital of
USD 4 and a maximum paid-up capital
of 400 USD, whereas a PLC has no
limitations.
Corporations must pay a progressive
tax rate starting at 15% up to 34%,
dependingontheirsize.
Foreign companies operating within
the territory of Venezuela are liable to
pay corporate income taxes for the
income generated from within the
countryonly.
Types of Business Structures in
Venezuela
The most common business structures
are:
• Limited Liability Company
(LLC) - A foreign company can
set up an LLC in Venezuela by
submitting paid-up capital. It
should be registered with the
Commercial Register Office. The
liability is restricted to the fund or
paid-up capital. LLC must
appoint one director and
shareholder.
• Branch office - The parent
company bears complete legal
responsibility for the branches. It
can be completely foreign-owned
and conduct its business within
the Venezuelan territory. It
providesservicesinthecountry.
• Public Limited Company -APLC
or Public Limited Company
requires no paid-up capital and is
foreign entrepreneurs' preferred
business structure. It requires
only one shareholder and one
director for the incorporation,
irrespectiveoftheirnationality.
• Partnerships - Entrepreneurs can
enter into partnerships with local
businesses to establish a General
Commercial Partnership or a
Limited Liability Partnership
(LLP).
Company Registration Process
For theincorporationofacompanyyouneedtodothefollowing:
• Selectalegalentity
• Companynamesearchandregistration
• PublishArticlesinthenewspaper
• RegistertheBoardofDirectors
• Register corporate books, Shareholders' Books, and Shareholders' Meeting
MinutesBook.
• Register the Company at SENIAT (National integrated service of customs
and tax administration) with RIF (Fiscal Registry) to obtain the fiscal
number.
• Paythecompanyregistrationfee.
H.E. Ms. Capaya Rodriguez González is designated as Ambassador Bolivarian
Republic of Venezuela to the Republic of India, and Concurrent Ambassador to
Bangladesh,NepalandSriLanka.
She was Vice Minister of Foreign Affairs for Asia, Middle East and Oceania.
Ministry of ForeignAffairs fromApril 2021 to January 2023. Her Excellency was
alsoAmbassador to the Republic of the Philippines fromApril 2016 to June 2023,
Minister Counselor of the Embassy of the Bolivarian Republic of Venezuela in the
Republic of India, Chargé d'Affaires a.i. since 2014 at the Embassy of the
Bolivarian Republic of Venezuela in the Republic of India, and Head of
AdministrativeUnitNº 44109,untilMarch2016.
H.E. González was the General Prosecutor of the Republic, Thirty-Three
Prosecutor's Office (33) of the Caracas Metropolitan Area; Full Competition in
Theft and Theft of Vehicles, from 2008-2010. She was also General Prosecutor of
the Republic, Thirty-third (33) Prosecutor's Office of the Public Ministry with Full
JurisdictioninCommonCrimes;
OralTrialsSpecialistfrom2001-2010.
She has a Doctoral Degree in Criminal Law from Santa Maria College, Caracas
(2011), Master of Criminal Law and Criminal Procedure from Santo Tomás de
Aquino University, Colombia (2002), Post-graduation in Criminal Law, Santa
Maria College (2007), and Applied Studies – Lawyer from Central University of
Venezuela,Caracas(1974).
She knows Spanish, Sanskrit, and Intermediate English and reads spiritual
literature, listens to classical and soft music, writes books and poems and
meditates. She was President of the Sri Sathya Sai Organization of Venezuela, a
non-profit institution. She authored "Swamiji a Prayer of Love", translated into
English,FrenchandSpanish.
Ambassador of the Bolivarian Republic of Venezuela
H. E. Capaya Rodriguez González

Indian Companies Exporting to Venezuela
Venezuela Companies Exporting to World

A Favourable
Business Destination
Chile
Chile is a country located in
SouthAmerica, known for its
stable economy, favorable
business environment, and high
levels of development compared to
many other countries in the region.
Chile is one of the world's largest
producers of copper, and mining is a
significant contributor to the
country'seconomy.
Chile has abundant natural resources
for renewable energy, including solar,
wind, and hydroelectric power. It has
a diverse climate and geography that
supports a wide range of agricultural
activities. The country is a major
exporter of fruits, vegetables, wine,
andseafood.
The government has implemented
various programs and initiatives to
support entrepreneurship and
innovation, making it an attractive
destination for tech startups and
investors.
Chile has natural beauty, including its
stunning landscapes, national parks,
and cultural attractions. Chile is also
renowned for its wine production,
with a reputation for producing high-
qualitywines.
C h i l e ' s b u s i n e s s - f r i e n d l y
environment, stable political system,
strong rule of law, and open market
policies make it an attractive
destinationforforeigninvestment.
India and Chile
India and Chile share warm and
friendly relations with a commonality
of views on a wide range of issues,
like the threat of international
terrorism. Chile has regularly
condemned the acts of cross-border
terrorismthatIndiahassuffered.
Chile articulated its support for
India's claim to a permanent seat in
the UNSC. It also signed the
International Solar Alliance
FrameworkAgreement.
The origins of the Indian community
in Chile can be traced back to 1905.
There are around 3950 Indians living
in Chile. In addition, there is a
constant flow of professionals and
businessmen from India, working
mainly in the ICT and financial
services sectors and also in Indian
companiesthere.
India and Chile established
diplomatic relations around 75 years
ago. During the 60 years of
celebration the President of Chile, Dr.
Michelle Bachelet Jeria visited India.
Earlier, then President of India, Smt.
Pratibha Devisingh Patil visited Chile
in 2008. Hon'ble President Ram Nath
Kovind visited Chile in April 2019
th
during the 70 Anniversary of the
establishment of India-Chile
diplomatic relations. The Eighth
Round of India-Chile Foreign Office
Consultations was held in New Delhi
in2023.
India and Chile have signed
Agreements/MoUs covering various
fields of cooperation such as sports,
Antarctica, defence, air services,
agriculture, new and renewable
energy, education, outer space,
geology and mineral resources, and
gainful employment of spouses and
eligible dependents of diplomatic
personnel.
An Agreement on the expansion of
the India-Chile Preferential Trade
Agreement (PTA) was signed in New
Delhi. A MoU was signed in Chile on
the establishment of a high-level Joint
Commission between India and
Chile. In 2019, agreements for
cultural exchange and cooperation in
mining sectors were renewed and an
agreement was signed on cooperation
in disability sector. The Double
Taxation Avoidance Agreement
between India and Chile came into
effectfrom19October2022.
There are frequent business
delegation visits between the two
countries as well as high-level
diplomaticandpoliticalvisits.
There are a large number of local
th
Yoga schools in Chile; 4 November
is National Day of Yoga. Some
Chileans learned Indian classical
dance and music. There are ISKCON,
Brahmakumari Samaj, and Art of
LivingcentresandHinduTemples.
The International Day of Yoga is
celebrated every year and in 2017,
was celebrated in the Chilean
Parliament for the first time, and again
in 2018 and 2019. For the first time,
India officially participated in the
“Santiago a Mil” International
Theater Festival in January 2018 in
Santiago.
Azadi Ka Amrit Mahotsav, Diwali,
Gandhi Jayanti,Ayurveda, etc. events
are actively celebrated by the
embassy. MoS for External Affairs,
Smt Meenakashi Lekhi, participated
in the curtain raiser event of
International Day of Yoga at Hotel
Marriottin2022atChile.
Chile
Chile offers several business
opportunities across various sectors.
Someoftheminclude:
Renewable Energy: One can explore
investment opportunities in
renewable energy projects, such as
solar and wind farms, and related
technologiesandservices.
Mining: Chile is a major producer of
copper, lithium, and other minerals.
Companies involved in mining
e q u i p m e n t a n d t e c h n o l o g y,
exploration, extraction, and
processing of minerals can invest
here.
Agriculture and Agribusiness: There
are opportunities in fruit production
(such as grapes, apples, and berries),
wine production, forestry, and
aquaculture.
Tourism: Chile's natural beauty,
including its stunning landscapes,
national parks, and coastline, makes it
an attractive destination for tourists.
One can invest in hospitality,
ecotourism, adventure tourism, and

H.E. Mr. Juan Angulo is the Ambassador of the Republic of Chile to the
Republic of India, concurrent in Bangladesh, Sri Lanka and Nepal.
Juan Angulo (1963) is a career diplomat, Commercial Engineer from the
University of Chile (1987), having obtained the Faculty of Economics and
AdministrativeSciencesawardfor thebestgraduatingstudentof his class,mention
in economics. He graduated from the "Andrés Bello" DiplomaticAcademy (1989)
and completed postgraduate studies in Public Management at the National School
of Administration (ENA), in Paris, France (Condorcet class, 1990-1992). He has
takenvariousprofessionaldevelopmentcourses.
In his diplomatic career, he has worked abroad in the Chilean Embassies in
Denmark and France, in the Consulate General in Amsterdam and in the Chilean
Mission to the European Union/Embassy in Belgium, where he carried out work in
the political areas , commercial, consular and cooperation. In Brussels and France,
heservedasdeputyoftheEmbassy.
In Chile, he has carried out functions in the General Directorate of International
Economic Relations, in the General Administrative Directorate and in the
Undersecretariat of Foreign Relations, having served as Chief of Staff in both
instances. Likewise, he has been Deputy Director of the Directorate of European
Affairs and, at the time of being appointed Ambassador to India, he was Deputy
Director of the Directorate of Environment and Ocean Affairs, in which he was
responsible, among other functions, to lead at the technical level the Chilean
delegations in several meetings of the United Nations Framework Convention on
ClimateChange.
H.E. Mr. Juan Angulo
Ambassador of the Republic of Chile
relatedservices.
Technology and Innovation: Chile
has a growing tech sector, with a focus
on startups and innovation. There are
government-supported initiatives to
f o s t e r i n n o v a t i o n a n d
entrepreneurship.
Infrastructure Development:
Construction companies, engineering
firms, and infrastructure developers
havegoodscopeforinvestment.
Healthcare and Biotechnology: There
are opportunities in healthcare
services, medical equipment and
devices, pharmaceuticals, and
biotechnology research and
development.
Education and Training: There is
demand for quality education and
training services in Chile, including
language training, vocational
training, and higher education
programs. Educational institutions, e-
learning platforms, and training
providerscanexpandhere.
Food and Beverage Industry: Chile
produces a variety of food and
beverages, including seafood, wine,
fruits, and dairy products. There is
need for food processing, packaging,
distribution,andexport.
Environmental Services: With
i n c r e a s i n g a w a r e n e s s o f
environmental issues, there are
opportunities for companies offering
environmental consulting, waste
management, recycling, and
pollutioncontrolsolutions.
RegisteringaBusiness inChile
To set up a business in Chile,you must
have an investor visa for you to live in
Chileforoneortwoyears.
• Choose your company name –
Choose a unique company name
and get it approved by the
registry.
• RegisteredOfficeAddress
• Shareholders - Your company
should have a minimum of two
a n d a m a x i m u m o f 5 0
shareholders.
• Director – You should have a
companydirectorofanynationality.
TypesofBusinessStructuresinChile:
Individual limited liability company: This is best for sole proprietors. While the
corporation is solely responsible for the value of all of its assets, the business
ownerisonlyresponsibleforthenumberofcapitalinvestments.
Limited liability company: This type can have 2 to 50 shareholders.The partners
may freely choose the company's operations and management. There is no capital
investmentrequired.
Corporation: There are two kinds of corporations – a public corporation and a
close corporation. Each shareholder is responsible for their specific capital
contributiononly.Acorporationmustpayitsinitialcapitalwithinthreeyears.
Stock company: A stock company comprises one or more people, and shares
denoteeachperson's capitalcontribution.
ThestepsinvolvedinoffshorecompanyregistrationinChileare:
1.Decidethetypeofbusiness.
2.ObtainlegalcounselinChile
3.Legalizethecompany
4.ListitwiththeCommercialRegistry
5.Publishaboutthecompanyformationinanofficialjournal
6.GettheTaxpayerIdentificationNumber
7.Openabusiness bankaccount

Indian Companies Exporting to Chile
Chile Companies Exporting to World

Guyana, located on the
northern mainland of South
America, bordered by
Venezuela to the west, Brazil to the
south and southwest, Suriname to the
east, and the Atlantic Ocean to the
north. The capital city of Guyana is
Georgetown, located on the Atlantic
coast.
It is rich in natural resources,
particularly gold, bauxite, diamonds,
timber, and recently discovered oil
reserves. The oil and gas sector, in
particular, has attracted significant
attention following major offshore
discoveries.
Guyana has a diverse population of
approximately 800,000 people,
composed of various ethnic groups
including Indo-Guyanese, Afro-
Guyanese, Amerindians, and others.
English is the official language of
G u y a n a , w h i c h f a c i l i t a t e s
communication and business
interactions.
Economy: Guyana's economy is
largely based on agriculture, mining,
forestry, and recently, oil and gas. The
country has significant natural
resources including gold, bauxite,
d i a m o n d s , t i m b e r, a n d n o w
substantialoffshoreoilreserves.
Natural Beauty: Guyana is known for
its stunning natural landscapes,
including vast rainforests, savannas,
rivers, and waterfalls. The famous
Kaieteur Falls is one of the largest
single-dropwaterfallsintheworld.
Ethnic Diversity: Guyana is one of the
most ethnically diverse countries in
SouthAmerica, with a mix of cultures
and traditions influenced by its
Indigenous, African, Indian,
European,andChineseheritage.
Political Landscape: Guyana is a
democratic republic with a president
as the head of state and a prime
ministerastheheadofgovernment.
Oil Discovery: In recent years,
Guyana has emerged as a significant
player in the global oil industry
following major offshore oil
discoveries. This has led to increased
foreign investment and economic
growth prospects, albeit with
challenges related to governance,
environmental concerns, and
managingoilrevenues.
Tourism Potential: Guyana has
untapped tourism potential, with
opportunities for eco-tourism,
adventure tourism, birdwatching, and
culturaltourism.
India and Guyana
The Commission of India was
established in Georgetown in May
1965.The Commission was made into
a full-fledged High Commission of
India in 1968. The Indian Cultural
Centre (now Swami Vivekananda
CulturalCentre)was setupin1972.
The relationship between India and
Guyana ever since the independence
of Guyana in May 1966 has been close
and cordial with a high degree of
understanding. The warmth in the
relation remains unaffected with
changes in governments either in
India or in Guyana. Late Smt.Indira
Gandhi, the then Prime Minister of
India, visited Guyana in 1968, late Dr.
Shankar Dayal Sharma, the then Vice
President of India visited Guyana in
1988 and Shri Bhairon Singh
Shekhawat, the then Vice President of
India came on a state visit to Guyana
in2006.
Prime Minister Shri Narendra Modi
met with Dr. Karen Cummings,
Guyanese Foreign Minister in 2019,
PM Moses Nagamootoo made a
private visit to India in 2018 to
inaugurate the World Tamil Economic
Conference in Puducherry. Earlier
also, PM Nagamootoo visited in 2016
and had a luncheon meeting with
MOS General (Retd.) V.K. Singh in
October 2016. The bilateral visits also
included that of high-level judiciary
and security President Donald
Ramotar visited India in January
2015.
The cooperation between the two
countries in sharing developmental
experience is mainly routed through
Indian Technical & Economic
Cooperation(ITEC).
India has offered credit facilities to
Guyana for use in mutually accepted
designated fields, agriculture and
information technology, being two of
these. Indian companies have also
expressed interest in bio fuel, energy,
mineralsandpharmaceuticals.
A number of Indian companies have
acquired agricultural land for
cultivation of maize, pulses,
vegetables and fruits etc. Some have
invested in the field of education and
healthservices.
The main products India exports to
Guyana are packaged medicaments,
coated flat-rolled iron, and large
construction vehicles. Guyana mainly
exports were crude petroleum, rough
wood, andaluminum.
Guyana
Guyana presents several business
opportunities across various sectors
due to its natural resources, emerging
oil industry, and growing economy.
Some potential areas for business
opportunitiesinGuyanainclude:
Oil and Gas Services: There are ample
opportunities for companies
providing services to the oil and gas
sector. This includes exploration,
drilling, production, logistics,
transportation, and environmental
services.
Mining and Minerals: Guyana has
rich reserves of gold, bauxite,
diamonds, and other minerals.
Businesses can explore opportunities
Guyana
A Developing Economy
worth Exploring

in mining operations, equipment
supply, geological services, and
mineralprocessing.
Agriculture and Agribusiness:
Guyana's fertile land and tropical
climate make it suitable for crop
production (rice, sugar, fruits,
vegetables, etc.), agro-processing,
agricultural equipment supply, and
exportofagriculturalproducts.
Infrastructure Development: There is
a need for infrastructure development.
This includes construction of roads,
bridges, ports, airports, utilities, and
housing projects. Companies
specializing in infrastructure
development, engineering, and
construction can find opportunities in
Guyana.
Tourism and Hospitality: Guyana's
rich biodiversity, diverse culture, and
natural attractions such as Kaieteur
Falls and the Amazon rainforest offer
opportunities in eco-tourism,
adventure tourism, hospitality
services, tour operations, and travel
agencies.
Renewable Energy: With abundant
s u n l i g h t a n d p o t e n t i a l f o r
hydropower, there are opportunities
for investment in solar energy
p r o j e c t s , w i n d f a r m s , a n d
hydroelectric power generation.
Companies can also provide
equipment, installation, and
maintenance services in the
renewableenergysector.
ICT and Telecommunications: The
ICT sector presents opportunities in
telecommunications infrastructure,
internet services, mobile technology,
software development, IT consulting,
anddigitalsolutions.
Financial Services: There is a demand
for banking, insurance, investment,
and financial advisory services.
Companies can explore opportunities
in retail banking, microfinance,
insurance brokerage, and financial
planning.
Education and Training: With a
growing population and emphasis on
human capital development, there are
opportunities for private schools,
vocational training centers, language
schools, and educational technology
providers.
Environmental Services: Companies
offering environmental consulting,
waste management, eco-friendly
technologies, and conservation
serviceshaveagoodscope.
RegisteringaCompany inGuyana
Tostart/registeryourbusiness inGuyana:
• First choose a company structure that suits your business needs. The
differenttypesofbusiness entitiesare-
• SoleProprietorship
• Partnership
• PrivateLimitedLiabilityCompany
• PublicLimitedLiabilityCompany
• The next step is to select a company name. Choose a unique company name
thatisnotalreadyinusebyanotherbusiness inGuyana.
• Prepare the incorporation documents. After your company name is
approved, you will need to prepare the incorporation documents for your
company.These documents should include information about the company's
purpose,managementstructure,andsharecapital.
• Register with the Deeds and Commercial Registry Authority. Submit the
incorporation documents and other required documents to the Deeds and
Commercial Registry Authority for approval. The Authority will review
yourapplicationandissueaCertificateofIncorporationafterapproval.
• Obtain a Tax Identification Number (TIN). You will have to get the Tax
Identification Number from the Guyana RevenueAuthority for tax purposes.
Itshouldbeusedonallofficialdocumentsrelatedtoyourcompany.
• Register your company with the Guyana National Insurance Scheme (NIS)
andtheGuyanaRevenueAuthority.
• Ifnecessaryprocurethelicensesandpermitsasperyourbusiness activities.
Mrs. Edwards-Horatio joined the Foreign Service in January 2015 after
graduating from the University of Guyana with distinction in International
Relations. She subsequently completed various professional courses at the
Foreign Service Institute in New Delhi, India, the Diplomatic Academy of the
Russian Federation in Moscow, Russia, and the China ForeignAffairs University
in Beijing, China. Mrs. Edwards-Horatio also holds a certificate in Negotiation
and conflict resolution from Macquarie University, Sydney, Australia and a
certificate in Global Diplomacy from the University of London and SOAS
UniversityofLondon,UnitedKingdom.
Mrs. Horatio also holds MSc. in Oil and Gas with Energy Management, with a
concentration in sustainability and governance, from the University of East
London,UnitedKingdom.
Mrs. Edwards- Horatio has served as the Head of the Sustainable Development
ACTO and Environment Section within the Multilateral and Global Affairs
Department of the Ministry of Foreign Affairs and International Cooperation and
was postedtoGuyana's PermanentMission totheUnitedNations,NewYork.
Ms. Edwards-Horatio has been serving as the Chargé d'Affaires, of Guyana High
Commission,New Delhi,sinceDecember,2022.
Ronalda Edwards-Horatio
Chargé d' Affaires
High Commission of the
Cooperative Republic of Guyana

Guyana Companies Exporting to India
Guyana Companies Exporting to World

Peru, officially known as the
Republic of Peru, is a country
located on the western coast of
South America. It is characterized by
diverse geography, including the
Andes Mountains, the Amazon
rainforest, and the Pacific coastline. It
shares borders with Ecuador,
Colombia,Brazil,Bolivia,andChile.
Lima is the capital and largest city of
Peru. Other significant cities include
Arequipa, Trujillo, Chiclayo, and
Cusco. The official languages of Peru
are Spanish, Quechua, and Aymara.
Spanish is the most widely spoken
language,particularlyinurbanareas.
Peru boasts a rich cultural heritage
influenced by indigenous, Spanish,
African, and Asian cultures. It is
renowned for its Inca heritage,
including the iconic Machu Picchu, as
well as numerous archaeological sites
throughoutthecountry.
Economy: Peru has a mixed economy
with a diverse range of industries. Key
sectors include mining (especially
copper, gold, and silver), agriculture
(including coffee, potatoes, and
quinoa), manufacturing, fishing, and
tourism.
Natural Resources: Peru is one of the
world's top producers of minerals,
including copper, gold, zinc, and
silver. Its rich biodiversity also makes
it a hotspot for biological resources,
with theAmazon rainforest covering a
significantportionofthecountry.
Tourism: Peru is a popular tourist
destination, attracting visitors from
around the world to explore its
historical sites, natural wonders, and
vibrant culture. In addition to Machu
P i c c h u , t o u r i s t s o f t e n v i s i t
destinations such as the Nazca Lines,
Lake Titicaca, the Colca Canyon, and
thecityofCusco.
Cuisine: Peruvian cuisine is renowned
for its diversity and flavors, influenced
by indigenous ingredients and
culinary traditions as well as Spanish,
African, Chinese, and Japanese
cuisines. Signature dishes include
ceviche, causa, lomo saltado, and
anticuchos.
Political System: Peru is a unitary
presidential republic with a multi-
partysystem.
India and Peru
India established diplomatic relations
with Peru in March 1963. Until 1969,
the Indian Ambassador in Chile was
concurrently accredited to Peru. In
September 1969, India opened its
residentMission inLima.
India-Peru relations have traditionally
been cordial and friendly. Since early
2000s, the relationship has acquired
more economic and business content
leading to a Joint Study on Feasibility
ofaTradeAgreement.
visits by both the countries. Right
from former President Shri K. R.
Narayanan, External Affairs Minister
Shri Yashwant Sinha (2003) to former
Vice President Shri M. Venkaiah
Naidu visited Peru while former
Peruvian President Alan Garcia,
President Alberto Fujimori, Minister
for Foreign Affairs and Tourism Mr.
Alfredo Ferrero to Energy and Mines
Minister Mr. Francisco Ismodes
visitedIndia.
There have been many parliamentary
visits between both the countries and
several bilateral agreements have
A Promising Market for
Business Opportunities
Peru

India-Latin America & Caribean Countries Magazine.pdf

India-Latin America & Caribean Countries Magazine.pdf

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Ähnlich wie India-Latin America & Caribean Countries Magazine.pdf

Ähnlich wie India-Latin America & Caribean Countries Magazine.pdf (20)

Mehr von Global India Business Forum

Mehr von Global India Business Forum (20)

Kürzlich hochgeladen

Kürzlich hochgeladen (20)

India-Latin America & Caribean Countries Magazine.pdf