About Santa Marta

The capital of the Magdalena Department

Strategic Location of Santa Marta

  • Strategic geographic location.
  • Favorable conditions for export.
  • Strong institutional infrastructure: Investment Promotion Agency anchored in innovation, a consolidated public-private partnership, and a highly skilled talent ecosystem.
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Competitive Climatic Conditions

  • 70% relative humidity
  • Low salinity
  • Low rainfall density
  • Dry microclimate
  • Ideal environment for handling large solids and liquids
  • The only coastal city with low corrosion levels
  • Favors the preservation of metals and electronic components

Economic Overview

  • Current average growth: 15.3% (2022 – 2023)
  • GDP: $2.009 billion USD (2023)
  • Represents 40.8% of the departmental GDP

Competitiveness

  • We are the city with the lowest transportation costs in the domestic market and for shipments to customs.
  • Third best-connected city in the country.
    Seventh in ease of administrative procedures and business dynamics in Colombia.
  • Seventh in higher education quality and third in coverage for higher education with high-quality accreditation in Colombia.
  • Third city with the best natural assets in the country.

We offer tax benefits

to new companies that set up in the city.

Jobs created

Discount on unified property tax and industry and commerce tax

Term (Years of operation)

New companies generate between 35 and 59 new direct and permanent jobs for native residents or individuals who have been living in the city of Santa Marta for the past two years.

80%
70%
50%
40%

1-5 years
6 years
7 & 8 years
9 & 10 years

New companies generate between 60 and 99 new direct and permanent jobs for native residents or individuals who have been living in the city of Santa Marta for the past two years.

90%
80%
60%
50%

1-5 years
6 years
7 & 8 years
9 & 10 years

New companies generate more than 100 new direct and permanent jobs for native residents or individuals who have been living in the city of Santa Marta for the past two years.

90%

10 years