Proposal for Investment Legislation in Bolivia

By PPO Abogados

The proposed Law for the Promotion, Protection, and Legal Stability of Private Investment is designed to align with global standards while addressing Bolivia's specific needs. The draft is up for consideration by Bolivian society, political institutions, economic and social organizations, media, and the general public. 

It was elaborated by Fundación Milenio, dedicated to study investment issues in Bolivia, after an analysis which reveals barriers hindering investment in Bolivia, such as legal insecurity, political uncertainty, flawed regulations, excessive taxes, and inadequate incentives. 

The legislative project looks to overcome these obstacles, aiming to boost private investment and make Bolivia attractive to both foreign and national capital.

Among the leading sectors in Bolivia are energy (mainly fossil fuels), which is Bolivia’s historical main revenue source. However, for the first time in 20 years, Bolivia has become a net importer of fuel and has struggled to meet its commitments for natural gas exports. 

Other key sectors for investment include environmental technologies, automotive, healthcare technologies, and the food and agriculture value chain. Agriculture is a growing sector in Bolivia, with 2022 exports increasing by 27 percent from 2021 and more than doubling since 2020.

PPO Indacochea

PPO Indacochea is Bolivia’s leading full-service law firm, formed through the strategic merger of PPO Abogados and Indacochea & Asociados—two of the most prominent and respected legal institutions in the country. With the largest team of lawyers and the broadest geographic coverage in the market, we are uniquely positioned to deliver legal solutions that are innovative, multidisciplinary, and business-oriented.

Our approach is simple and effective: we provide solutions, not just opinions. We work closely with our clients to understand their businesses and deliver strategic advice tailored to their most complex challenges. We channel transformative foreign investment into Bolivia, advise on high-stakes disputes before local and international tribunals, and offer end-to-end legal services that bridge the gap between law and business.

With a team of 85 lawyers and over 180 professionals led by 14 partners, we operate across six offices in five cities nationwide. Our professionals include top-tier talent—most trained or specialized abroad—with a strong commitment to diversity, inclusion, and social responsibility.

At PPO Indacochea we redefine legal services to anticipate and exceed the demands of a fast-evolving business environment. We are proud to be consistently recognized by the most prestigious international legal directories, including Chambers and Partners, Legal 500, IFLR1000, Leaders League, Latin Lawyer, LACCA, and others, as Bolivia’s leading law firm. PPO Indacochea: Where law meets strategy, and local depth meets global vision.

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