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  Bolivia : Handbook : Business Information


Business Information

Time of meeting

It is common for Bolivians, and all Latin Americans for that matter, to schedule a specific time to hold a meeting and then arrive about an hour or more later. In order to avoid this type of problem, it is a good idea to reiterate the importance of punctuality.


Business meetings usually require formal attire, unless they take place at a recreational site or in the country. Formal clothing consists of a two-piece suit and a necktie. A dress-coat or tuxedo is only worn to diplomatic events or other very formal events. A dark suit is recommended for evening meetings or funerals.

Bolivian business people

The Bolivian businessman or woman is generally serious and honest. His attitude is like that of a responsible executive that only formalizes his business negotiations in secure situations.


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