Why Latin America
How to set up a development center in Latin America
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Setting up a development center in Latin America requires evaluating several key factors.
Location Selection Criteria:
1.Political & Economic Stability
| Country | Stability | Notes |
|---|---|---|
| Chile | High | Strong institutions |
| Uruguay | High | Small but stable |
| Colombia | Medium-High | Improving steadily |
| Mexico | Medium-High | Large, established |
| Brazil | Medium | Large market, complex |
| Argentina | Medium | Economic volatility |
2.Talent Availability
| Country | Developer Pool | Competition |
|---|---|---|
| Brazil | Largest | High |
| Mexico | Very Large | High |
| Argentina | Large | Very High |
| Colombia | Large | Medium |
3.Cost Structure
-Real estate and operational costs
-Local salary expectations
-Tax incentives for tech companies
-Administrative complexity
Setup Options:
Option 1: Own Entity
•Full control
•3-6 months setup
•$30-50k+ legal/admin costs
•Best for 20+ developers
Option 2: EOR (Employer of Record)
•Fast setup (weeks)
•$500-700/employee/month fee
•Good for 5-20 developers
•Less control
Option 3: Partner with Staffing Agency
•Immediate start
•No setup required
•Best for testing markets
•Can transition to own entity later
BEON.tech can serve as your LATAM presence initially, with options to transition developers to your entity later.
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