Doing business in colombia

Foreign Investment and Exchange Regime The Colombian Exchange Regime has the main objective of promoting internationalization of the Colombian economy.

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The Colombian approach to time and punctuality is very flexible, both socially and in business. Excise Tax Excise tax is generated by provision or sale to a final consumer or importation by the final consumer of certain products or services, such as mobile telephony, certain vehicles, dispensing of prepared meals, among others Corporate Matters In Colombia, domestic and foreign investment vehicles are supported by Constitutional principles, such as the right to equality, protection of free enterprise and private initiative.

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The country is rich in natural resources and has experienced rapid growth in the industries of information technology, construction, mining, shipbuilding and tourism.

This chapter presents the regulations that the Ministry of Foreign Affairs has established for citizens from restricted countries.

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Tax Framework The Colombian tax system establishes taxes at a national and sub-national level departmental and municipal. Any effort made in speaking the language, even with basic greetings, will be met with a positive response. These purposes are an obligation for the respective government entities as well as for individuals contracting with the State, insofar as the latter always act in their capacity as Collaborators of the Administration. Immigration Framework - Visas Colombia regulates the entry and permanence of foreigners in the country by means of an immigration regime. Before conducting business in Colombia, expats should familiarise themselves with the local customs that will influence their dealings in the country. The Colombian approach to time and punctuality is very flexible, both socially and in business. The country is rich in natural resources and has experienced rapid growth in the industries of information technology, construction, mining, shipbuilding and tourism. Women are typically given flowers, particularly roses, while men will appreciate a bottle of liquor, as imported alcohol is expensive in Colombia. This chapter presents the regulations that the Ministry of Foreign Affairs has established for citizens from restricted countries. Business proceedings need to allow for small talk and socialising, and should not be rushed. Clothing may be less formal in the warmer regions of the country. Foreign Investment and Exchange Regime The Colombian Exchange Regime has the main objective of promoting internationalization of the Colombian economy. Business language Spanish is the official language of Colombia, and although an increasing number of businesses may have English speakers on their staff, it is advisable to engage an interpreter and to ensure that initial contact with potential business partners is conducted in Spanish.

Women are typically given flowers, particularly roses, while men will appreciate a bottle of liquor, as imported alcohol is expensive in Colombia. Immigration Framework - Visas Colombia regulates the entry and permanence of foreigners in the country by means of an immigration regime.

These purposes are an obligation for the respective government entities as well as for individuals contracting with the State, insofar as the latter always act in their capacity as Collaborators of the Administration.

Clothing may be less formal in the warmer regions of the country.

risks of doing business in colombia
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Doing Business in Colombia