Colombia- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

Chinese Investment in Colombia and Latin America

Chinese Investment in Colombia and Latin America

In the last few years, Chinese companies have continued to expand their operations overseas. With the “One Belt One Road” initiative (BRI), its flagship economic and development program, China announced the plans to increase investments in Latin America. During the last decade, China provided more than $140 billion in loan commitments to Latin America. Together with the One Belt on Road initiative, it will further integrate into many Latin American countries. Many Latin American countries...

What Are the Import / Export Taxes in Colombia?

What Are the Import / Export Taxes in Colombia?

Colombia’s strategic geographical location on the Northern tip of South-America, bordering both the Caribbean Sea and the Pacific Ocean provides foreign companies looking to trade with an excellent hub to access Latin American markets and other continents. The 18 free trade deals and the many Free Trade Zones provide fiscal benefits, leading to imports accounting for USD$4.18 million, whereas exports were worth USD$3.4 million in 2018. Together with the new investment in infrastructure and the...

6 Investment Worthy Sectors in Colombia

6 Investment Worthy Sectors in Colombia

Someone looking for opportunities to invest or start new entrepreneurial activities in Colombia will find that is not hard to find many interesting and emerging sectors. With Colombia’s economy expected to grow with 3.59% in 2019 and 3.7% in 2020, (according to the International Monetary Fund) and with the growing middle-class and its associated spending, new sectors are arising and existing sectors are growing within their markets. Colombia is known for its coffee and gold mining but has a...

Opportunities for Mining Service Companies in Latin America

Opportunities for Mining Service Companies in Latin America

The growth in the natural resources sector within Latin America presents a wealth of business opportunities for companies and individuals looking to expand their mining operations. The region is set to be one of the fastest-growing mining locations within the next decade and companies that can bring the right skills, knowledge, expertise, equipment, services, and technology to the market will be able to experience commercial success. Currently, the Latin American mining sectors are having an...

Colombia and the Blossoming Medical Cannabis Sector

Colombia and the Blossoming Medical Cannabis Sector

When you think about Colombia, specifically regarding the economy and strong national sectors, chances are mining, flowers, coffee, and tourism come to mind. While all of these are valid, there is a new national sector that has grown in popularity in a relatively short time period: Medicinal Cannabis. As the Northern America markets open up to Cannabis, opportunities in Colombia are becoming increasingly more accessible and profitable. The Colombia government has created a legal framework,...

Overview of Latin America’s Mining Sector

Overview of Latin America’s Mining Sector

With worldwide commodity prices on the increase, Latin America’s mining sector has been on the rise for some years, with foreign investors from all four corners of the globe entering into the market to utilize its vast natural resources and low-cost labor market. In 2019, it is expected that the sector will build on its positive trend, with markets including Brazil selling off mining areas to raise capital, boost employment, and drive foreign direct investment (FDI).  Below, we share an...

Possible Options on Venezuela – Part 3 of 3

Possible Options on Venezuela – Part 3 of 3

Editor’s note: As a private citizen, Steve Salisbury has provided observations to United States high-ranking officials of both Republican and Democratic administrations. Salisbury played what could be said was a key role as a de facto precursor “intermediary” between US officials and Colombia’s FARC guerrilla group before the naming of a US presidential special envoy to the peace process between the Colombian government and FARC, which together signed a peace accord in late 2016.  The report...

Possible Options on Venezuela – Part 2 of 3

Possible Options on Venezuela – Part 2 of 3

Editor’s note: As a private citizen, Steve Salisbury has provided observations to United States high-ranking officials of both Republican and Democratic administrations. Salisbury played what could be said was a key role as a de facto precursor “intermediary” between US officials and Colombia’s FARC guerrilla group before the naming of a US presidential special envoy to the peace process between the Colombian government and FARC, which together signed a peace accord in late 2016. The report in...

Possible Options on Venezuela – Part 1 of 3

Possible Options on Venezuela – Part 1 of 3

Editor’s note: As a private citizen, Steve Salisbury has provided observations to United States high-ranking officials of both Republican and Democratic administrations. Salisbury played what could be said was a key role as a de facto precursor “intermediary” between US officials and Colombia’s FARC guerrilla group before the naming of a US presidential special envoy to the peace process between the Colombian government and FARC, which together signed a peace accord in late 2016. The report in...

Key Tax Considerations for Foreign Companies in Colombia

Key Tax Considerations for Foreign Companies in Colombia

Colombia has become one of the most attractive Latin American destinations to invest in, with many businesses choosing to expand through the incorporation of a Colombian company. When it comes to the constitution of companies in Colombia, the most used type of corporation is the Simplified Share Company. known as the 'SAS'. The process to incorporate a SAS is straightforward and a SAS can be incorporated in as little as 2 weeks and allows for (2) shareholders, who can be natural or legal...

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