How to Invest
Colombia’s regulatory framework creates an efficient and organized path to facilitate investment and start operations within a short timeframe. Below, you will find general information on how to set up a company, current labor legislation and tax and customs structure, among other topics.
How to import
An import is the permanent or temporary entry of merchandise into the National Customs Territory from the rest of the world or from a Free Trade Zone for a specific purpose.
Investment incentives
Colombia is a country that offers a favorable business environment with a stable legal framework. Furthermore, the national government has introduced several incentives to support and encourage foreign investment. These include the free trade zone regime, the Vallejo Plan, customs duty reductions or exemptions for imported raw materials and machinery, VAT exclusions for imported equipment, incentives to invest in science, technology, and innovation, and incentives for several economic sectors, including agriculture, tourism, and the automotive industry, among others.
These are the subsectors that belong to this investment sector:
How to establish your company at Colombia
The company structures most used by foreign investors to create a company in Colombia are limited liability companies, joint-stock companies, and simplified stock companies. Every investment, including foreign currency that enters the country from non-residents which is used as capital payment for a foreign company or branch of a foreign company, must be registered as a foreign investment with the Central Bank of Colombia (Banco de la República).
These are the subsectors that belong to this investment sector:
Taxes in Colombia
In Colombia, there are both national and regional taxes. National taxes (income, VAT, excise) apply to all individuals or legal entities with fiscal residency in the country. Regional taxes (industry and commerce, property) are determined by each department or municipality within the parameters established by law.