Business Daily Media

5 tips for business travel in Latin America

  • Written by News Company


With over 600 million people and 20 countries, Latin America is as large as it is diverse. And while each country has its own unique customs and traditions when it comes to conducting business, there are a number of details you should take into account no matter what area of the region you are visiting. After all, a carefully planned journey can save you both time and money, and make your business trip more fun in the process. With this in mind, here are our five tips for making your next business trip in Latin America a success.

Check environmental conditions

Always check the weather forecast of your destination before departure, and dress appropriately. Also, keep in mind the altitude you will be working at once you land. Cities such as La Paz and Quito lie at high altitudes, which may take some time to adjust to (altitude sickness feels like something between jetlag and a hangover). As such, don’t arrange meetings for the day of your arrival and make sure you drink plenty of water.

Stock up on local currency

Generally, taxis and small corner stores in Latin America don’t take credit cards, so you will need to have some local currency right off the bat. While US dollars are used in some Latin American countries, such as Panama, in most cases you will have to change your money into the currency of the country you will be doing business. You can either do this in your home country or at the airport once you arrive at your destination. Do keep in mind that some money changers at airports have extortionate rates. It is also usually possible to withdraw money from an ATM at the airport after you land.

Carry an ID

Both residents and travelers in Latin American countries are expected to carry an ID at all times. Make a photocopy of your passport prior to departure and carry that with you while you keep the original safe in the hotel safety deposit box. If your business trip requires you to visit official buildings, check if you are required to bring an official ID, advises Santiago Hernandez from MONEDEROSMART. While in most cases your driver’s license should be sufficient, in others you may be asked for your passport.

Build relationships

Personal and business lives of Latin Americans can be closely intertwined, so it pays to be build relationships with your business partners and clients. Latin Americans are sometimes not as direct as their counterparts from the United States. As such, being overly direct can be perceived as aggressive. It is also a good idea to avoid sensitive topics such as politics and religion. Also, keep in mind that not everybody in Latin America speaks English, particularly if you are dealing with technicians and salespeople.

Take your time

Meetings in Latin America often run over time, and it is impolite to cut your discussion with someone short because you have another commitment. This can make people late for other engagements. Traffic jams can also be a problem in some large Latin American cities, so do some research before arranging your meeting schedule. In addition, decisions in Latin America are usually not taken quickly, and the region’s staggering bureaucracy can impede business progress.

Business Today

Cathay Pacific 2021 Sustainability Report

New commitments in carbon neutrality and diversity, and supporting the Hong Kong community during the pandemicThe Cathay Pacific Group has released its annual Sustainable Development Report that addresses its commitment and prog...

Cozycozy, is tackling consumer manipulation in the travel industry

With its user-centric algorithm, Cozycozy fights against the Online Travel Agencies' rampant manipulation of consumers’ choices. In 2019, 112.3 million domestic trips and 11.3 Million international trips were taken by Austral...

Foreign companies exiting Russia echo the pressure campaign against South Africa's racist apartheid system

McDonald's is leaving Russia after three decades of operating there.Sefa Karacan/Anadolu Agency via Getty ImagesMcDonald’s provided many Russians with their first taste of capitalism three decades ago. Now, the global fast-f...

Jennifer Westacott's interview with Ross Greenwood

Ross Greenwood, host, Business Now: Joining us is the chief executive of the Business Council of Australia, Jennifer Westacott. Jennifer, many thanks for your time as always. Quite clearly the government is setting out its age...

Business success as Aussie kids skateboard brand, Ookkie, launches in UK and Europe

Australia’s leading kids skateboard company, Ookkie, has set the wheels in motion for global business success, expanding into two new overseas markets thanks to growing demand for its products from ‘skateboard loving paren...

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors' expectations

Tesla CEO Elon Musk, shown at an electric vehicle factory, called ESG ratings 'a scam' after an index dropped Tesla. Maja Hitij/Getty ImagesA major stock index that tracks sustainable investments dropped electric vehicle-maker Tes...

Business Daily Media Business Development

Cathay Pacific 2021 Sustainability Report

New commitments in carbon neutrality and diversity, and supporting the Hong Kong community during the pandemicThe Cathay Pacific Group has released its annual Sustainable Development Repor...

Business Daily Media - avatar Business Daily Media

Cozycozy, is tackling consumer manipulation in the travel industry

With its user-centric algorithm, Cozycozy fights against the Online Travel Agencies' rampant manipulation of consumers’ choices. In 2019, 112.3 million domestic trips and 11.3 Million i...

Business Daily Media - avatar Business Daily Media

How to talk to your employer about trauma

Chanintorn.v / ShutterstockThe impact of trauma and post-traumatic stress disorder (PTSD) is a hidden chronic mental health issue in the workplace. A 2016 survey of UK adults found that one ...

Stefanos Nachmias, Principal Lecturer and Deputy Head of HRM Department, Nottingham Trent University - avatar Stefanos Nachmias, Principal Lecturer and Deputy Head of HRM Department, Nottingham Trent University

Jennifer Westacott's interview with Ross Greenwood

Ross Greenwood, host, Business Now: Joining us is the chief executive of the Business Council of Australia, Jennifer Westacott. Jennifer, many thanks for your time as always. Quite clear...

Ross Greenwood - avatar Ross Greenwood

Business success as Aussie kids skateboard brand, Ookkie, launches in UK and Europe

Australia’s leading kids skateboard company, Ookkie, has set the wheels in motion for global business success, expanding into two new overseas markets thanks to growing demand for its ...

Business Daily Media - avatar Business Daily Media

world's biggest port is returning to normal, but supply chains will get worse before they get better

Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s port, which handles one-fifth of China’s shippi...

Sarah Schiffling, Senior Lecturer in Supply Chain Management, Liverpool John Moores University - avatar Sarah Schiffling, Senior Lecturer in Supply Chain Management, Liverpool John Moores University



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion